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We analyse how changes in international trade integration affect productivity and the functional income distribution … integration increases productivity. Second, we show that international trade integration is associated with higher labour shares …
Persistent link: https://www.econbiz.de/10014246661
labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may … productivity. …
Persistent link: https://www.econbiz.de/10011412072
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10011401108
investment in information and communication technology (ICT) and energy use, influence productivity levels. A dynamic factor …This empirical study examines changes in industrial productivity in Korea between 1980 and 2009, focusing on how … productivity growth in 30 industrial sectors. Describing industry-specific productivity levels is important for policymakers when …
Persistent link: https://www.econbiz.de/10010339597
/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially … in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU … firms are more likely to achieve productivity gains through capital-embodied technological change at least in medium and low …
Persistent link: https://www.econbiz.de/10011476418
This paper investigates the effect of awarding a second investment grant to the same firm. We implement a Regression … and their scores to firms' performance. Overall, our results show a positive and significant impact of an investment grant … booster shot on firms' labour productivity. This effect is significantly larger than the effect of a single grant. A more …
Persistent link: https://www.econbiz.de/10013471197
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements. -- Innovation … ; productivity ; financial constraint ; export ; technology frontier ; BEEPS …
Persistent link: https://www.econbiz.de/10003941706
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011401020
productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical … find that not only is wage-induced innovation significant and quantitatively important, but also that it substantially … is predominantly driven by wage-induced innovation along with massive injection of heavily subsidized physical inputs in …
Persistent link: https://www.econbiz.de/10012179650
"Important labour market consequences of globalization may arise via product market integration which affects the room for wage negotiations and generates job creation and destruction through structural changes. We find in a Ricardian trade model that aggregate increases in wages and employment...
Persistent link: https://www.econbiz.de/10003429631