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Industry Structure, Segmentation, and Competition in the U.S. Hotel Industry
Butters, R. Andrew - 2019
, quality competition came more in the form of costs that vary with hotel size, and less in the form of costs that are fixed …
Persistent link: https://www.econbiz.de/10012480523
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Perspectives on Trade and Structural Transformation
Alessandria, George A.; Johnson, Robert C.; Yi, Kei-mu - National Bureau of Economic Research - 2021
This paper surveys macroeconomic and microeconomic perspectives on the role of international trade in structural transformation. We start by describing canonical frameworks that have been used to quantify how trade influences sectoral shares of employment and value added. We then pivot to survey...
Persistent link: https://www.econbiz.de/10012510598
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Entrepreneurship During the COVID-19 Pandemic : Evidence from the Business Formation Statistics
Haltiwanger, John C. - National Bureau of Economic Research - 2021
Applications for new businesses from the U.S. Census Bureau's monthly and weekly Business Formation Statistics (BFS) fell substantially in the early stages of the pandemic but then surged in the second half of 2020. This surge has continued through May 2021. The pace of applications since...
Persistent link: https://www.econbiz.de/10012585396
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Spatial Structural Change
Eckert, Fabian; Peters, Michael - National Bureau of Economic Research - 2022
Between 1880 and 1920, the US agricultural employment share fell from 50% to 25%. However, despite aggregate demand shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non-agricultural parts of the US. We propose a spatial...
Persistent link: https://www.econbiz.de/10013388845
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Why Isn't Mexico Rich?
Hanson, Gordon H. - 2010
Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment, achieving fiscal discipline, and privatizing state owned enterprises. Despite these efforts, the country's economic growth has been lackluster, trailing that of many other...
Persistent link: https://www.econbiz.de/10012462187
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Innovation, Competition and Welfare-Enhancing Monopoly
Darby, Michael R. - 2006
So long as the entry and exit of firms using the generic technology sets the price in an industry, one or more price-taking firms can coexist with proprietary technologies yielding more or less substantial quasi-rents to the sunk development costs. Consumer welfare is increased if an innovator...
Persistent link: https://www.econbiz.de/10012466574
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Political Competition and Economic Performance : Theory and Evidence from the United States
Besley, Timothy - 2005
One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …
Persistent link: https://www.econbiz.de/10012467195
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Latin America in the Rearview Mirror
Cole, Harold L. - 2004
Latin American countries are the only Western countries that are poor and that aren't gaining ground on the United States. This paper evaluates why Latin America has not replicated Western economic success. We find that this failure is primarily due to TFP differences. Latin America's TFP gap is...
Persistent link: https://www.econbiz.de/10012467679
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Aggregate Implications of Changing Sectoral Trends
Foerster, Andrew - 2019
We find disparate trend variation in TFP and labor growth across major U.S. production sectors over the post-WWII period. When aggregated, these sector-specific trends imply secular declines in the growth rate of aggregate labor and TFP. We embed this sectoral trend variation into a dynamic...
Persistent link: https://www.econbiz.de/10012479816
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The Two Waves of Service Sector Growth
Eichengreen, Barry - 2009
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10012463681