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) 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
, environmental regulation, productivity, and consumer preferences have contributed to these reductions in pollution emissions. We …
Persistent link: https://www.econbiz.de/10013029138
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
productive than firms that only sell on the national market. This positive exporter productivity premium shows up in a large … firm fixed effects. These studies test for a difference in productivity between exporters and non-exporters at the … conditional mean of the productivity distribution. However, if firms are heterogeneous, it is possible that the size of the …
Persistent link: https://www.econbiz.de/10013139057
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...
Persistent link: https://www.econbiz.de/10013118054
investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large … positive impact on a firm's productivity, with an overall elasticity of about 0.10; this general result is largely consistent … ahead in terms of the impact on productivity of their R&D investments; moreover, a shift in favour of the service sectors …
Persistent link: https://www.econbiz.de/10013120145
productivity. The empirical evidence on the validity of this assumption is surprisingly thin and subject to various potential … productivity-wage gaps. They find that occupations play distinct roles for remuneration and productivity: while the estimations … indicate a significant upward-sloping occupational wage-profile, the hypothesis of a flat productivity-profile cannot be …
Persistent link: https://www.econbiz.de/10013120430
Offshoring is generally believed to be productivity-enhancing and this belief is underpinned by economic theory. This … productivity. Estimating the impact of materials and business services offshoring on productivity growth with industry-level data … show that there is no productivity effect of materials offshoring, while business services offshoring leads to productivity …
Persistent link: https://www.econbiz.de/10013123598
We evaluate the effects of aging on productivity using piece-rate earnings as a proxy for worker output. Our data … rates. The results indicate that productivity increases with age until age 40 after which it stays roughly constant. Wage … growth is faster than productivity growth for young workers but after age 40 both wages and productivity grow approximately …
Persistent link: https://www.econbiz.de/10013099111
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of … sectors, predicts that immigration boosts output per worker by expanding the high-productivity sector, but decreases output …
Persistent link: https://www.econbiz.de/10013104055