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Technological innovations in horizontal drilling and hydraulic fracturing have enabled tremendous amounts of natural gas to be extracted profitably from underground shale formations that were long thought to be uneconomical. In this paper, we provide the first estimates of broad-scale welfare...
Persistent link: https://www.econbiz.de/10013023687
Reducing emissions of the greenhouse gases that cause climate change will require dramatic changes in the way that energy is produced and consumed. The cost of technological changes such as alternative energy sources and improved energy efficiency will play a large role in determining the...
Persistent link: https://www.econbiz.de/10013116453
This paper focuses on the causes of increased wage inequality in OECD countries in recent years and its decomposition into the component factors of trade surges in low wage products and technological change that has preoccupied the trade and wages literature. It argues that the length of...
Persistent link: https://www.econbiz.de/10013231408
scale. An equivalent way of stating this assumption is that total factor productivity (TFP) for each industry is the same in …
Persistent link: https://www.econbiz.de/10013237557
Demand for less skilled workers decreased dramatically in the US and in other developed countries over the past two decades. We argue that pervasive skill-biased technological change rather than increased trade with the developing world is the principal culprit. The pervasiveness of this...
Persistent link: https://www.econbiz.de/10013229065
improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which … to the productivity frontier …
Persistent link: https://www.econbiz.de/10013136026
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this … innovation are derived. The recent empirical evidence on the relationship between innovation and productivity in firms is then … surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but that …
Persistent link: https://www.econbiz.de/10013067735
We develop a framework in which the host country productivity has a positive effect on the intensive margin (the size …-country productivity has a negative effect on the extensive margin. An increase in the host-country corporate tax rate reduces the actual …
Persistent link: https://www.econbiz.de/10012776952
How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe …
Persistent link: https://www.econbiz.de/10012760709
Economists emphasize two channels through which import liberalization affects productivity, one operating between and … to 2002. First, in the long run, import liberalization lowers productivity in domestic industries through selection. This …, liberalization also generates technological learning that can on net raise domestic productivity. Third, for short time horizons of …
Persistent link: https://www.econbiz.de/10012771670