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employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …
Persistent link: https://www.econbiz.de/10011402873
The focus of this study is to assess the causal impact of the connection of a local area to a high-speed rail network (HSR) on firms' total factor productivity (TFP). The quasi-random location of the HSR station in the Italian city of Reggio Emilia is exploited in a Difference-in Differences...
Persistent link: https://www.econbiz.de/10014422618
Following market liberalisation, the vehicle population in China has increased dramatically over the past few decades. This paper examines the causal impact of the opening of a heavily used high speed rail line connecting two megacities in China in 2015, Chengdu and Chongqing, on air pollution....
Persistent link: https://www.econbiz.de/10012705682
Nowcasting has been a challenge in the recent economic crisis. We introduce the Toll Index, a new monthly indicator for business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation activity performed by heavy transport vehicles across...
Persistent link: https://www.econbiz.de/10009232581
Recent human capital theories predict that labor market frictions and product market competition influence firm …, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through …-sponsored training ; labor market frictions ; product market competition ; matched worker-firm data …
Persistent link: https://www.econbiz.de/10003975223
correlated with increases in the plant's market share as well as increases in product market competition and product prices … industry. -- make-or-buy ; peripheral services ; manufacturing ; market share ; competition …
Persistent link: https://www.econbiz.de/10009683002
We review and condense the body of literature on the economic returns of public R&D on private R&D and find that: (i) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D subsidies are positively correlated and there is no...
Persistent link: https://www.econbiz.de/10011772302
The firm's stock of human capital is an important determinant of its ability to innovate. As such, any increase in this stock through firm-sponsored training might lead to more innovation. We test this hypothesis using detailed data on firms' human capital investments and innovation performance,...
Persistent link: https://www.econbiz.de/10010409776
Using a unique dataset on worldwide multinational corporations with precise location of headquarters and affiliates, I present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary's economic activity, emerging from dynamics related to...
Persistent link: https://www.econbiz.de/10011891832
We use Canadian linked employer-employee data to examine gender differences in probability, duration, and intensity of firm-sponsored training. We find that women in the for-profit sector are less likely to receive classroom training, and receive shorter classroom training courses. However, we...
Persistent link: https://www.econbiz.de/10011743603