Showing 1 - 9 of 9
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in...
Persistent link: https://www.econbiz.de/10011374753
This paper examines the regional distribution of public employment in Italy and documents two sets of facts. The first … is the use of public employment as a subsidy from the North to the less wealthy South. We calculate that about half of … the wage bill in the South of Italy can be identified as a subsidy, with both the size of public employment and wage …
Persistent link: https://www.econbiz.de/10014400388
reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of … individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with …
Persistent link: https://www.econbiz.de/10011866490
-15 Current Population Survey, I find that the drawn-out cyclical labor market repair-likely owing to low entry wages of new … workers-slowed down real wage growth. There are, however, also signs of structural changes in the labor market affecting wages …
Persistent link: https://www.econbiz.de/10011711569
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
spillovers on firms is particularly strong in terms of employment and value added …
Persistent link: https://www.econbiz.de/10012796292
inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …
Persistent link: https://www.econbiz.de/10012517949
We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad …-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the …
Persistent link: https://www.econbiz.de/10012518975