Showing 1 - 9 of 9
The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to live up to expectations. The level and duration of...
Persistent link: https://www.econbiz.de/10012459074
Workers have responded differently to declining union density in the US and UK. US workers have unfilled demand for unions whereas many UK workers free-ride at unionized workplaces. To explain this difference, we create a scalar measure of worker needs for representation and relate desire for...
Persistent link: https://www.econbiz.de/10012466359
The paper analyzes the production structure and the demand for inputs in three major industrialized countries, the U.S., Japan and Germany. A dynamic factor demand model with two variable inputs (labor and energy)and two quasi-fixed inputs (capital and R&D) is derived directly from an...
Persistent link: https://www.econbiz.de/10012477833
This paper is an attempt to assess the contribution of R&D to growth of output in U.S. manufacturing industries. The …-section data for the manufacturing industries. Also, the factors determining the rate of growth of R&D expenditures in the 1958 …, total durable, and total nondurable industries. Potential growth of output is affected because of the slowdown of growth of …
Persistent link: https://www.econbiz.de/10012478788
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10012473353
policies in promoting growth of output and privately funded R&D investment in US manufacturing industries. Publicly financed R …
Persistent link: https://www.econbiz.de/10012473830
Numerous studies on production and cost, the sources of productivity and studies on endogenous growth have recognized the pivotal role of the physical capital stock. Also there is a clear recognition by economists and policy makers that knowledge capital approximated by R&D capital is crucial...
Persistent link: https://www.econbiz.de/10012474349
The purpose of this paper is to estimate a model that incorporates the effects of financial decisions on production, profitability, and productivity growth. Asymmetric information generates agency costs of debt and signaling benefits of dividends which then influence production decisions. The...
Persistent link: https://www.econbiz.de/10012474651
structure and productivity performance of twelve two-digit U.S. manufacturing industries. The results suggest that there are … significant productive effects from these two types of capital. Their effects on the cost structure vary across industries and … each industry and estimate the 'social' rates of return to these capitals for the industries in their sample …
Persistent link: https://www.econbiz.de/10012475102