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Brandt, Loren - 2010

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

Persistent link: https://www.econbiz.de/10013147553

Changes in China's Wage Structure

Ge, Suqin - 2012

Using a national sample of Urban Household Surveys, we document several profound changes in China's wage structure during a period of rapid economic growth. Between 1992 and 2007, the average real wage increased by 202 percent, accompanied by a sharp rise in wage inequality. Decomposition...

Persistent link: https://www.econbiz.de/10013107207

Rebalancing Growth in Asia

Prasad, Eswar S. - 2009

growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …

Persistent link: https://www.econbiz.de/10013158044

Infinite Dimensional VARs and Factor Models

Chudik, Alexander; Pesaran, M. Hashem - 2021

This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...

Persistent link: https://www.econbiz.de/10013316638

Distribution of Natural Resources, Entrepreneurship, and Economic Development : Growth Dynamics with Two Elites

Falkinger, Josef; Grossmann, Volker - 2021

easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income …

Persistent link: https://www.econbiz.de/10013318254

The Role of Demographics in Precipitating Crises in Financial Institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10013155560

The Price of Capital, Factor Substitutability, and Corporate Profits

Hergovich, Philipp - 2018

The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s this rise has been accompanied by a rise in the level and variability of corporate profits whereas the labor share of income has declined. In this paper we ask whether these...

Persistent link: https://www.econbiz.de/10012911171

Productivity, Wages and Profits : Does Firms' Position in the Value Chain Matter?

Mahy, Benoit - 2019

This paper is the first to estimate the impact of a direct measure of firm-level upstreamness on productivity, wage costs and profits (i.e. productivity-wage gaps). To do so, we merged detailed Belgian linked panel data, covering all years from 2002 to 2010, to a unique data set developed by...

Persistent link: https://www.econbiz.de/10012858492

Middlemen, Non-Profits, and Poverty

Chau, Nancy H. - 2015

In many markets in developing countries, especially in remote areas, middlemen are thought to earn excessive profits. Non-profits come in to counter what is seen as middlemen's market power, and rich country consumers pay a "fair-trade" premium for products marketed by such non-profits. This...

Persistent link: https://www.econbiz.de/10013039292

Winning Big But Feeling No Better? The Effect of Lottery Prizes on Physical and Mental Health

Apouey, Benedicte - 2010

We use British panel data to determine the exogenous impact of income on a number of individual health outcomes: general health status, mental health, physical health problems, and health behaviors (drinking and smoking). Lottery winnings allow us to make causal statements regarding the effect...

Persistent link: https://www.econbiz.de/10013148077