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specification of TFP is based on a "neo-Schumpeterian" empirical specification in which productivity improvements depend on growth … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both … to reduce the productivity performance of firms. The negative effect is particularly strong on firms characterised by an …
Persistent link: https://www.econbiz.de/10013129907
This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...
Persistent link: https://www.econbiz.de/10013099092
) shifts with productivity growth. On this basis we estimate a dynamic system of macrolabour equations to evaluate the slope of …-run. Furthermore, during the stagflating 70s, the productivity slowdown contributed substantially to the increases in both unemployment … monetary expansion and productivity speedup of the roaring 90s were both responsible for the significant lowering of the …
Persistent link: https://www.econbiz.de/10013158034
In this paper we explore the role of the sectoral composition of gross domestic product (GDP) in explaining the behaviour of youth labour markets. We provide a comparison of the behaviour of youth unemployment rates, employment-population rates, and labour force participation rates between...
Persistent link: https://www.econbiz.de/10012870223
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits … a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10013051449
This note investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP...
Persistent link: https://www.econbiz.de/10013316704
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
unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …
Persistent link: https://www.econbiz.de/10013321303
This paper examines the impact of education, governance and North-South trade- and distance-related technology diffusion on TFP in the South, focusing on South America (SA), Mexico, Latin America (LA) and East Asia for the 32-year period preceding the Great Recession (1976–2007) in a new model...
Persistent link: https://www.econbiz.de/10012946575
We examine the relationship between wealth and health through prominent growth indicators and cognitive ability. Cognitive ability is represented by nutritional status. The proxy variable for nutritional status is BMI. We use the reduced form equation in the cubic specification of time...
Persistent link: https://www.econbiz.de/10013324576