Showing 1 - 10 of 1,501
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...
Persistent link: https://www.econbiz.de/10014400979
-2011, we empirically establish that exogenous shocks to export demand and import competition both generate large aggregate … productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … productivity; (iii) Efficient institutions, factor and product markets amplify the gains from import competition but dampen those …
Persistent link: https://www.econbiz.de/10012301837
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in … highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize …
Persistent link: https://www.econbiz.de/10014400137
far-reaching banking sector reforms undertaken in Uganda to improve competition and efficiency. Using models that have … been previously used only in industrial countries, we find that the level of competition has increased significantly and … has been associated with a rise in efficiency. Moreover, on average, larger banks and foreign-owned banks have become more …
Persistent link: https://www.econbiz.de/10014402039
We examine the effect of size-dependent policies in developing economies by focusing on a set of regulations that are applicable to firms with 20 or more formal employees in Peru. Firms can adjust to the regulations by (a) reducing their size, (b) shifting employment composition, or (c)...
Persistent link: https://www.econbiz.de/10011905879
This paper addresses the potential effects on human capital accumulation and economic growth of the alternative compositions of public expenditures in the context of a computable dynamic general equilibrium model of overlapping generations and heterogeneous agents in which altruistic parents...
Persistent link: https://www.econbiz.de/10014400202
This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author’s framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational...
Persistent link: https://www.econbiz.de/10014400865
This paper uses a dynamic general equilibrium model calibrated to Ugandan data to examine the welfare effects of alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that affects human capital, and infrastructure expenditures...
Persistent link: https://www.econbiz.de/10014399948
The present paper takes a fresh theoretical and empirical look into the relationship between Wagner’s law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human...
Persistent link: https://www.econbiz.de/10014395897
This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public … could be used for several purposes including increasing public sector efficiency …
Persistent link: https://www.econbiz.de/10014400238