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The End of Cheap Labour : Are Foreign Investors Leaving China?
Donaubauer, Julian - 2016
China's government is promoting the shift towards a consumption-based economy since a few years. The explicit goal to significantly raise the percentage of wages in the national household income is integral part of the 12th Five-Year Plan (2011-15). The changes in the economic strategy are...
Persistent link: https://www.econbiz.de/10012985666
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Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10013153172
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Interest Rate Hysteresis in Macroeconomic Investment Under Uncertainty
Belke, Ansgar Hubertus - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012863765
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Impact of Financial Crises on Dynamics of Capital Structure : Evidence from Korean Listed Companies
Tsoy, Lyubov - 2017
optimal leverage identified. Different effects of the two crises on both capital structure and its adjustment speed is found … effect on companies' debt ratio and the speed of their adjustment toward optimal leverage. The empirical analysis revealed … leverage being highest before the Asian crisis and lowest after the Global financial crisis. The results also show that the …
Persistent link: https://www.econbiz.de/10012962289
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No Pain, No Gain : The Effects of Exports on Effort, Injury, and Illness
Hummels, David L. - 2016
Increased job effort can raise productivity and income but put workers at increased risk of illness and injury. We combine Danish data on individuals' health with Danish matched worker-firm data to understand how rising exports affect individual workers' effort, injury, and illness. We find that...
Persistent link: https://www.econbiz.de/10012986775
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Does the Rise of China Lead to the Fall of European Welfare States?
Barth, Erling; Finseraas, Henning; Kjelsrud, Anders; … - 2021
state support across European regions and leverage the rapid integration of China into the world economy to show that higher …
Persistent link: https://www.econbiz.de/10013249126
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Globalization, Productivity Growth, and Labor Compensation
Dreger, Christian; Fourné, Marius; Holtemöller, Oliver - 2023
We analyse how changes in international trade integration affect productivity and the functional income distribution. To account for endogeneity, we construct a leave-out measure for international trade integration for country-industry pairs using international input-output tables. First, we...
Persistent link: https://www.econbiz.de/10014355913
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Labor Productivity and Vocational Training:Evidence from Europe
Sala, Hector; Silva, José I. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
In this paper we show that vocational training is an important determinant of productivitygrowth. We construct a multi-country, multi-sectoral dataset, and quantify empirically to whatextent vocational training has contributed to increase the growth rate of labor productivity inEurope between...
Persistent link: https://www.econbiz.de/10009486999
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Capital Accumulation and Unemployment:New Insights on the Nordic Experience
Karanassou, Marika; Sala, Hector; Salvador, Pablo F. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper takes a fresh look at the analysis of labour market dynamics and argues thatcapital accumulation plays a fundamental role in shaping unemployment movements. Thisrole has generally been examined by considering indirect transmission channels of thecapital stock effects, i.e. using...
Persistent link: https://www.econbiz.de/10005861659
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Sequentiality Versus Simultaneity : Interrelated Factor Demand
Asphjell, Magne Krogstad - 2010
A structural model is developed and estimated by a maximum likelihood routine to investigate interrelated factor demand subject to nonconvex adjustment costs. The dataset concerns Norwegian plants operating in manufacturing industries and it covers the period 1993-2005. The estimates indicate...
Persistent link: https://www.econbiz.de/10013135185