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How do economic policies and institutions affect job reallocation processes and their consequences for productivity … little relationship to relative productivity across firms and sectors. Since liberalization began, the pace, heterogeneity …, and productivity effects of job flows have increased substantially. The increases occurred more quickly in rapidly …
Persistent link: https://www.econbiz.de/10011415087
We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10003523486
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of … sectors, predicts that immigration boosts output per worker by expanding the high-productivity sector, but decreases output …
Persistent link: https://www.econbiz.de/10009558962
This paper examines the drivers of the long-run structural transformation in Japan. We use a dynamic input-output framework that decomposes the reallocation of the total output across sectors into two components: the Engel effect (demand side) and the Baumol effect (supply side). To perform this...
Persistent link: https://www.econbiz.de/10012130126
our key results to alternative data sets. -- China ; investment ; growth ; productivity ; capital market distortions … role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for …
Persistent link: https://www.econbiz.de/10003940472
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
Persistent link: https://www.econbiz.de/10001799708
This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting structural change that is arguably needed to put the economy back into the right track. For this purpose we calibrate a model with different equilibria descriptive of the labor...
Persistent link: https://www.econbiz.de/10010502798
In recent times the employment effects of technical progress raised much intention. Will recent productivity gains lead …
Persistent link: https://www.econbiz.de/10011596136
This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional...
Persistent link: https://www.econbiz.de/10010350349