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Energy Prices, Pass-Through, and Incidence in U.S. Manufacturing
Ganapati, Sharat - 2016
This paper studies how increases in energy input costs for production are split between consumers and producers via changes in product prices (i.e., pass-through). We show that in markets characterized by imperfect competition, marginal cost pass-through, a demand elasticity, and a price-cost...
Persistent link: https://www.econbiz.de/10012990878
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Structural Transformation and Income Distribution : Kuznets and Beyond
Kanbur, Ravi - 2017
This paper explores the question of structural transformation and income distribution through the eyes of the pioneer in such analysis, Simon Kuznets. It argues that his 1955 paper stands the test of time in providing insights which are relevant to understanding current phenomena like the...
Persistent link: https://www.econbiz.de/10012960255
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Globalization, Structural Change and Innovation in Emerging Economies : The Impact on Employment and Skills
Vivarelli, Marco - 2018
This paper aims to provide a critical overview of the drivers that the relevant theoretical and empirical literature suggests being crucial in dealing with the challenges an emerging country may encounter in its attempts to further catch-up a higher income status, with a particular focus devoted...
Persistent link: https://www.econbiz.de/10012909972
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Globalization and Local Profiles of Economic Growth and Industrial Change
Dauth, Wolfgang - 2014
We analyze how globalization has affected the sectoral anatomy of regional growth in Germany over the period 1978-2008. The aggregate German economy is characterized by a secular decline of manufacturing and a rise of modern service industries. This trend– also known as Petty's law – is not...
Persistent link: https://www.econbiz.de/10013054568
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Capital-Labor Substitution, Structural Change and Growth
Alvarez-Cuadrado, Francisco - 2015
There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand...
Persistent link: https://www.econbiz.de/10013024921
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Structural Change and Innovation as Exit Strategies from the Middle Income Trap
Vivarelli, Marco - 2015
This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional...
Persistent link: https://www.econbiz.de/10013033677
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Trends in Hours and Economic Growth
Ngai, Rachel; Pissarides, Christopher A. - 2021
We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10013317253
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Immigration and Structural Change : Evidence from Post-War Germany
Braun, Sebastian - 2012
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector model of the economy, in which moving...
Persistent link: https://www.econbiz.de/10013104055
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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
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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