Showing 1 - 10 of 564
Italy and Germany have similar geographical differences in productivity – North more productive than South in Italy …; West more productive than East in Germany – but have adopted different models of wage bargaining. Italy sets wages based on …
Persistent link: https://www.econbiz.de/10012891326
Italy's aggregate productivity abruptly stopped growing in the mid-1990s. This stop represents a puzzle, as it occurred … using sector and firm-level data. We find that Italy's productivity disease was most likely caused by the inability of … prevalence of loyalty-based management in Italy is not simply the result of a failure to adjust, but an optimal response to the …
Persistent link: https://www.econbiz.de/10012944645
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United … extent also to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable … catching-up to the United States by France and Japan after WW2, that stopped in the case of Japan during the 1990s. Capital …
Persistent link: https://www.econbiz.de/10013149831
This paper introduces dynamics in the R&D-to-innovation and innovation-to-productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...
Persistent link: https://www.econbiz.de/10013063857
The identification of age, cohort (vintage), and period (year) effects in a panel of individuals or other units is an old problem in the social sciences, but one that has not been much studied in the context of measuring researcher productivity. In the context of a semi-parametric model of...
Persistent link: https://www.econbiz.de/10013249571
Individual evaluation interviews have become a widespread practice. 52% of employees in French manufacturing firms over 50 employees declared an annual individual evaluation interview in 1997. However whereas the problem of constructing an optimal contract with subjective evaluation (which is...
Persistent link: https://www.econbiz.de/10012753959
Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012947026
We study the impact of FDI on the productivity of host-country firms. FDI has positive spillovers only when foreign and domestic firms use similar technologies. Channeling FDI to sectors where firms share similar technology would significantly increase productivity spillovers from FDI. We show...
Persistent link: https://www.econbiz.de/10012950067
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10013218517
In the aftermath of World War II, Italy and France experienced high inflation. The two countries enacted remarkably … similar economic policy measures, but stabilization came at different times: for Italy at the end of 1947, for France a year …
Persistent link: https://www.econbiz.de/10013219986