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to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … many countries. We conclude that the productivity gains through labour re-allocation are potentially a significant …
Persistent link: https://www.econbiz.de/10010263207
labour market reforms impacted employment in different age groups. …
Persistent link: https://www.econbiz.de/10014581212
services has been broad-based. We show that the growth of service sector employment is not simply disguised manufacturing …
Persistent link: https://www.econbiz.de/10011807655
Why did the country that borrowed the most industrialize first? Earlier research has viewed the explosion of debt in 18th century Britain as either detrimental, or as neutral for economic growth. In this paper, we argue instead that Britain's borrowing boom was beneficial. The massive issuance...
Persistent link: https://www.econbiz.de/10011282528
Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that … percent of all the variations in labor productivity. Also, our estimation method and our results suggest that conventional …
Persistent link: https://www.econbiz.de/10010288082
in outcomes for establishments in treated and untreated states. We find that paid parental leave laws reduce employment … in an industry that were women, and find that there is no systematic evidence that firms reduce employment more in …
Persistent link: https://www.econbiz.de/10014581765
show that on average employment, revenues, profits and investments fall, wages increase, while firms' productivity and … firms' productivity distribution. Employment, revenues, productivity, profits and investments are positively or not related …
Persistent link: https://www.econbiz.de/10012609098
investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a …
Persistent link: https://www.econbiz.de/10010280741
labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and …
Persistent link: https://www.econbiz.de/10010281026
This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach and that it is best estimated with Blundell and Bond’s (1999) system-GMM estimator. This procedure remedies some econometric problems such as regressor endogeneity, measurement...
Persistent link: https://www.econbiz.de/10010294545