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This essay proposes a set of non-econometric tests using data on wage structure, school resource costs, public expenditures, taxes, and rates of return to explain anomalies in which richer political units deliver less education than poorer ones. Both the anomalies of education history, and its...
Persistent link: https://www.econbiz.de/10013155017
helps the selection of politicians that ensure high productivity in public education. Through this mechanism, we show that …
Persistent link: https://www.econbiz.de/10012920892
allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study … economic growth in the 1980s. Our empirical results indicate that productivity was significantly enhanced by the recent …
Persistent link: https://www.econbiz.de/10013233007
care productivity, we analyze longitudinal data on the medical expenditures and health outcomes of the vast majority of …-profit hospitals have important spillover benefits for medical productivity …
Persistent link: https://www.econbiz.de/10013230582
dynamic productivity-based models are used to motivate the empirical exercise. The candidate determinants include productivity … sectoral productivity differentials is estimated with greater precision as long as homogeneity of parameters is imposed upon … most empirically successful model of the real exchange rate includes sectoral productivity measures in the long run …
Persistent link: https://www.econbiz.de/10014158072
from 110 countries covering 74 percent of the world's surface and 96 percent of its GDP. We combine the cross … productivity in several thousand establishments located in these regions. To organize the discussion, we present a new model of … from model estimation and calibration that entrepreneurial inputs and human capital externalities are essential for …
Persistent link: https://www.econbiz.de/10013037866
We revisit the relationship between foreign investment and productivity of acquired firms. First, we construct a panel … acquisitions after controlling for country and sector trends. The productivity of foreign acquired affiliates increases modestly …
Persistent link: https://www.econbiz.de/10013084722
, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …
Persistent link: https://www.econbiz.de/10012906271
We consider a tractable model of heterogeneous production units that features endogenous entry and productivity … standard factor misallocation framework, policy distortions featuring a positive productivity elasticity of distortions imply … larger reductions in output through smaller investments in establishment productivity. A calibrated version of the model …
Persistent link: https://www.econbiz.de/10012979762
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10013051759