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In this paper I argue that the manufacturing sector still has an important role to play in Africa's development. Despite failing to industrialize in the past, there may be a new window of opportunity. This is due to the convergence of what has been called "brilliant" new technologies associated...
Persistent link: https://www.econbiz.de/10011949049
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions. -- Externalities ; human capital ; multiple equilibria
Persistent link: https://www.econbiz.de/10003759894
compared with the western region. Foreign direct investment (FDI) and information and communication technology (ICT) investment …
Persistent link: https://www.econbiz.de/10003323158
highlighted within the UK Government's framework for Science & Technology. -- Cooperation for innovation ; technological …
Persistent link: https://www.econbiz.de/10003831766
and with the technology level. This paper contributes by bringing together these two views, both theoretically and … empirically. We show that both the degree of openness and the technology level mediate the impact of exchange rate movements on … labour market developments. According to our estimations, whereas employment in high-technology sectors seems to be …
Persistent link: https://www.econbiz.de/10003847163
We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a cross-sectional analysis of businesses in both sectors. The more comprehensive …
Persistent link: https://www.econbiz.de/10003578359
trend (purely external non-economic) as well as other exogenous (external economic) factors (technology shifters). We define … technology index based on the external economic factors which are indicators of ‘technology’. Thus our definition of production … function is amended to accommodate several technology shifters which are not separable from the traditional inputs. That is …
Persistent link: https://www.econbiz.de/10003941555
In this paper, we explore empirically the role of openness, technology and labour market rigidity in the determination … and that the labour market in high technology sectors is more flexible than in low technology sectors. We use this index … rigidity ; technology …
Persistent link: https://www.econbiz.de/10009153576
call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …
Persistent link: https://www.econbiz.de/10009425734
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to … different realizations of firm specific technology shocks, possible leading to default by some firms. The paper advances a new …
Persistent link: https://www.econbiz.de/10009488413