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Corporate restructuring and its macro effects
Shin, Jongsoon - 2017
This paper describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data, compared with previous...
Persistent link: https://www.econbiz.de/10011716466
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Macroeconomic impact of product and labor market reforms on informality and unemployment in India
Anand, Rahul; Khera, Purva - 2016
This paper investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidities in the formal labor and product markets. Along with increasing GDP and...
Persistent link: https://www.econbiz.de/10011705079
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Explaining Unemployment in Spain : Structural Change, Cyclical Fluctuations, and Labor Market Rigidities
Franks, Jeffrey R. - 1994
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24 ….6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief … adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of …
Persistent link: https://www.econbiz.de/10014398071
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Product Market Regulation and the Benefits of Wage Moderation
Estevão, Marcello M. - 2005
unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the … structurally slower real wage growth, that is, ""wage moderation,"" does raise output growth and lower unemployment rates. However …
Persistent link: https://www.econbiz.de/10014404198
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Structural transformation and the sophistication of production
Anand, Rahul; Mishra, Saurabh; Spatafora, Nikola - 2012
Persistent link: https://www.econbiz.de/10009572510
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Determinants of firm profitability in Colombia’s manufacturing sector : exchange rate or structural?
Griffin, Naomi N. - 2015
Persistent link: https://www.econbiz.de/10011281180
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Factor endowment, structural coherence, and economic growth
Che, Natasha Xingyuan - 2012
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10009618511
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Crowding-out or crowding-in? : public and private investment in India
Bahal, Girish; Raissi, Mehdi; Tulin, Volodymyr - 2015
This paper contributes to the debate on the relationship between public-capital accumulation and private investment in India along the following dimensions. First, acknowledging major structural changes that the Indian economy has undergone in the past three decades, we study whether public...
Persistent link: https://www.econbiz.de/10011445833
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Sectoral shocks and spillovers : an application to COVID-19
Das, Sonali; Magistretti, Giacomo; Pugacheva, Evgenia; … - 2021
This paper examines the role of sectoral spillovers in propagating sectoral shocks in the broader economy, both in the past and during the COVID-19 pandemic. In particular, we study how shocks that occur within a sector itself and spillovers from shocks to other sectors affect sectoral activity,...
Persistent link: https://www.econbiz.de/10012605501
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Benchmarking structural transformation across the world
Dabla-Norris, Era; Thomas, Alun; García-Verdú, Rodrigo; … - 2013
This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period...
Persistent link: https://www.econbiz.de/10012667536