Showing 1 - 10 of 44
This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of...
Persistent link: https://www.econbiz.de/10005248188
The obstacles to economic growth in Mongolia are modeled with a supply-side growth model calibrated to represent inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of banks and industrial enterprises potentially leads to...
Persistent link: https://www.econbiz.de/10005263703
measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the …
Persistent link: https://www.econbiz.de/10005825862
Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within …-unemployment provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on … employment growth, in contrast to the United States where initial labor demand shocks are expanded in the long run. After the …
Persistent link: https://www.econbiz.de/10005826565
, we find that higher labor productivity tends to lead to appreciation of the real exchange rate. Contrary to the …
Persistent link: https://www.econbiz.de/10005769108
This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When …
Persistent link: https://www.econbiz.de/10005599418
This study constructs an index of human capital for the Spanish labor force over the past two decades and projects it …
Persistent link: https://www.econbiz.de/10005604855
standard (Solow-style) growth accounting methodologies. We find that factor accumulation (especially labor), rather than growth … of capital accumulation and some natural constraints on labor, the strong growth momentum is unlikely to be sustainable …
Persistent link: https://www.econbiz.de/10010790356
capital and labor based on administratively set minimum wages rather than an imputed return to book assets.  This paper … shift would also raise the tax burden of skilled labor-intensive industries more than it would that of capital …
Persistent link: https://www.econbiz.de/10011242210
, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures …
Persistent link: https://www.econbiz.de/10010959468