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The UK's Productivity Puzzle
Bryson, Alex; Forth, John - 2015
The 2008 Great Recession was notable in the UK for three things: the enormity of the output shock; the muted unemployment response; and the very slow rate of recovery. We review the literature which finds most of the decline in productivity is within sector and within firm before presenting new...
Persistent link: https://www.econbiz.de/10011288222
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Labor and the Market Value of the Firm
Merz, Monika; Yashiv, Eran - 2003
with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital ….S. corporate sector data to estimate firms? optimal hiring and investment decisions and the consequences for firms? value. We then … investment and physical capital. We find that a conventional specification – quadratic adjustment costs for capital and no hiring …
Persistent link: https://www.econbiz.de/10010261658
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Robots and Workers: Evidence from the Netherlands
Acemoglu, Daron; Koster, Hans R.A.; Ozgen, Ceren - 2023
We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...
Persistent link: https://www.econbiz.de/10014296741
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Secular Satiation
Saint-Paul, Gilles - 2017
Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given good but new goods may be introduced. A social planner will never elect a trajectory with long-run satiation. Instead, he will introduce enough new goods to avoid such a...
Persistent link: https://www.econbiz.de/10011744591
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Labor and the Market Value of the Firm
Merz, Monika; Yashiv, Eran - Institute for the Study of Labor (IZA) - 2003
with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital ….S. corporate sector data to estimate firms’ optimal hiring and investment decisions and the consequences for firms’ value. We then … investment and physical capital. We find that a conventional specification – quadratic adjustment costs for capital and no hiring …
Persistent link: https://www.econbiz.de/10005233766
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Integrated Macroeconomic Production Function for Open Economies: A New Schumpeterian Solow Model for Globalization
Welfens, Paul J. J. - 2016
investment or international technology spillovers. This study is a major contribution to innovation, trade, FDI and growth … – with both trade and inward FDI as well as outward foreign direct investment plus research input – with a macro production …
Persistent link: https://www.econbiz.de/10011479242
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Misallocation and Inequality
Guner, Nezih; Ruggieri, Alessandro - 2022
For a large set of countries, we document how the labor earnings inequality varies with GDP per capita. As countries get richer, the mean-to-median ratio and the Gini coefficient decline. Yet, this decline masks divergent patterns: while inequality at the top of the earnings distribution falls,...
Persistent link: https://www.econbiz.de/10013351713
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Factor adjustments after deregulation: panel evidence from Colombian plants
Eslava, Marcela; Haltiwanger, John; Kugler, Adriana D.; … - 2005
investment. Moreover, we find that the market oriented reforms introduced in Colombia after 1990 increased employment adjustments …
Persistent link: https://www.econbiz.de/10010274528
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Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants
Eslava, Marcela; Haltiwanger, John; Kugler, Adriana; … - Institute for the Study of Labor (IZA) - 2005
investment. Moreover, we find that the market oriented reforms introduced in Colombia after 1990 increased employment adjustments …
Persistent link: https://www.econbiz.de/10005703671
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Good Governance and Good Aid Allocation
Epstein, Gil S.; Gang, Ira N. - Institute for the Study of Labor (IZA) - 2008
We model the aid allocation decision where the donor government has announced that good governance is the criterion for receiving aid. Potential recipients must compete for the aid funds. The structure of the competition is important to the donor in terms of achieving good governance, and to the...
Persistent link: https://www.econbiz.de/10005566444