Showing 1 - 10 of 306
transformation between agriculture, manufacturing and services. The model can rationalize the observed falling or U-shaped pattern … for aggregate hours, the complete marketization of agriculture and manufacturing, and the shift from agriculture to …
Persistent link: https://www.econbiz.de/10013317253
Climate change has increased rainfall uncertainty, leading to greater production risks in agriculture. We examine the … droughts, and are consequently unable to cope fully with the adverse agricultural productivity shock. Our findings can be …
Persistent link: https://www.econbiz.de/10013217913
induced by changes in wind across years, I show that higher levels of pollution lead to decreased agricultural productivity …, with large changes in productivity being common. The negative effects of pollution are larger in areas growing more labor …-intensive crops, indicating that the pollution works at least partly through direct effects on labor productivity. Finally, combining …
Persistent link: https://www.econbiz.de/10014346212
Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
Persistent link: https://www.econbiz.de/10013072168
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...
Persistent link: https://www.econbiz.de/10012839051
The macroeconomic production function is a traditional key element of modern macroeconomics, as is the more recent knowledge production function which explains knowledge/patents by certain input factors such as research, foreign direct investment or international technology spillovers. This...
Persistent link: https://www.econbiz.de/10012999012
productivity and a risky technology with productivity subject to sizeable shocks. Strict EPL makes the risky technology relatively … less attractive because it is more costly to shed workers upon receiving a low productivity draw. We calibrate the model … mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995 …
Persistent link: https://www.econbiz.de/10013133623
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013138258
productivity. In particular, we find that doubling agricultural credits generates around 4-5 percent increase in agricultural … productivity. We use two different agricultural production measures: (i) the agricultural component of GDP and (ii) agricultural … labor productivity. Employing a combination of panel-data and instrumental- variable methods, we show that agricultural …
Persistent link: https://www.econbiz.de/10012842059
This paper provides evidence of the long-run effects of a permanent increase in agricultural productivity on conflict … the period between 1400 and 1900 CE. For variation in permanent improvements in agricultural productivity, we exploit the …
Persistent link: https://www.econbiz.de/10012941248