Showing 1 - 10 of 1,101
harmonized cross-country and industry data, where we measure automation as industry-level movements in total factor productivity … (TFP) that are common across countries. We find that automation displaces employment and reduces labor's share of value …-added in the industries in which it originates (a direct effect). In the case of employment, these own-industry losses are …
Persistent link: https://www.econbiz.de/10012913781
We rely on a decomposition of employment changes into job creation and job destruction components - and a novel set of … inferences: 1) The data favor a many- shock characterization of fluctuations in employment and job reallocation, 2) Theories of … employment fluctuations that attribute a predominant role to aggregate shocks must in order to fit the data involve …
Persistent link: https://www.econbiz.de/10013233431
U.S. county data for the last 20 or 30 years show that manufacturing employment has been deconcentrating. In contrast …, the service sector exhibits concentration in counties with intermediate levels of employment. This paper presents a theory … dependence in growth rates. Young industries exhibit non-monotone relationships between employment levels and growth rates, while …
Persistent link: https://www.econbiz.de/10012755347
who have a primary education; it has been accompanied by a systematic increase in the productivity of the labor force, as … it has moved from low productivity agriculture to higher productivity services and manufacturing. We also show that … although the employment share in manufacturing is not expanding rapidly, in most of the low-income African countries, the …
Persistent link: https://www.econbiz.de/10012965954
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of … developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to … high-productivity activities are a key driver of development. Our results show that since 1990 structural change has been …
Persistent link: https://www.econbiz.de/10013123689
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills …
Persistent link: https://www.econbiz.de/10013064665
euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity …
Persistent link: https://www.econbiz.de/10012758241
urban locations is endogenous and linked to productivity differences between the two locations and survival probabilities …
Persistent link: https://www.econbiz.de/10012760436
William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of … and price increases, take a rising share of national output, and slow aggregate productivity growth. Using industry data …, technologically progressive sectors tend to have slower hours and employment growth outside of manufacturing. Finally, sectoral shifts …
Persistent link: https://www.econbiz.de/10012761577
This paper decomposes Botswana's growth from the late 1960s through 2010 into a within-sector and a between-sector (structural change) component. We find that during the 70s and 80s Botswana's rapid economic growth was characterized by significant structural change with the share of the labor...
Persistent link: https://www.econbiz.de/10013024884