Showing 1 - 10 of 1,061
of China. In this paper we estimate the effect of deep reform (the right to hire and fire labour, buy and sell capital … and operate on international markets) on the productivity dynamics of enterprises. Using a unique balanced panel of 681 … show that exposure to deep reform have lead to higher productivity realisations while remaining under state ownership. …
Persistent link: https://www.econbiz.de/10010261956
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China …-agricultural sector as the key driver of growth. We also find significant misallocation of capital: The less efficient state sector …
Persistent link: https://www.econbiz.de/10010269571
. This paper analyzes the role of sectoral labor misallocation in accounting for this "productivity puzzle." If jobseekers …The UK experienced an unusually prolonged stagnation in labor productivity in the aftermath of the Great Recession … disproportionately search for jobs in sectors where productivity is relatively low, hires are concentrated in the wrong sectors, and the …
Persistent link: https://www.econbiz.de/10011451196
the misallocation of female talent across sectors distorts productivity. I formalize the theory by using a general …The disparities in cross-country labor productivity are greater in agriculture than in other industries. I propose that … to US levels, agricultural labor productivity increases by 4.3-7.6 percent, nonagricultural labor productivity decreases …
Persistent link: https://www.econbiz.de/10014469590
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/10010268553
decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of … transnational terror events in a country, while political decentralization has no impact. These results are robust to the choice of …
Persistent link: https://www.econbiz.de/10010269173
two outlays. Productivity of government infrastructure spending can differ across regions. This assumption follows well … revenue and expenditure decisions is the optimal fiscal arrangement for the country when infrastructure spending productivity … composition. Only when the differences are sufficiently large does full decentralization become the optimal regime. National …
Persistent link: https://www.econbiz.de/10010268025
in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … Medoff are clearly correct that union productivity effects vary substantially across workplaces. Their conclusion that union … productivity effect near zero. Their speculation that productivity effects are larger in more competitive environments appears to …
Persistent link: https://www.econbiz.de/10010261606
How do economic reforms affect resource reallocation processes and their contributions to productivity growth? This … rates that bore little relationship to relative labor and multifactor productivity across firms. Since reforms began …, resource flows have increased in both countries, and their contributions to aggregate productivity growth have become …
Persistent link: https://www.econbiz.de/10010261809
We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...
Persistent link: https://www.econbiz.de/10010262073