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Occupational choice, aggregate productivity, and trade

Meckl, Jürgen; Weigert, Benjamin - 2011

We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the distribution of firm productivities emphasized by empirical studies. Thus, we integrate the frameworks of Melitz (2003), and of Manasse and Turrini (2001) that establish the theoretical...

Persistent link: https://www.econbiz.de/10010278813

Modelling conditional and unconditional heteroskedasticity with smoothly time-varying structure

Amado, Cristina; Teräsvirta, Timo - 2008

In this paper, we propose two parametric alternatives to the standard GARCH model. They allow the conditional variance to have a smooth time-varying structure of either additive or multiplicative type. The suggested parameterizations describe both nonlinearity and structural change in the...

Persistent link: https://www.econbiz.de/10010281252

Structural change and business cycles: An evolutionary approach

Lorentz, André; Savona, Maria - 2010

The aim of this paper is to account for both the short-run fluctuations and the very-long run transformations induced by technological change in analysing long-run growth patterns. The paper investigates the possible imprint left by short-run fluctuations on the long run dynamics by affecting...

Persistent link: https://www.econbiz.de/10010281857

Bank integration and business volatility

Morgan, Donald; Rime, Bertrand; Strahan, Philip - 2000

We investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Triocole (1997), we conclude that the theoretical effect of...

Persistent link: https://www.econbiz.de/10010283452

A simple theory of structural transformation

Gillman, Max - 2011

The paper presents a theory of the industrial transformation amongst sectors using endogenous growth theory. Allowing only a slight upward trend in the productivity of the human capital sector, combined with ascending degrees of human capital shares of sectoral output, in say, agriculture,...

Persistent link: https://www.econbiz.de/10010288762

Scale and the origins of structural change

Buera, Francisco J.; Kaboski, Joseph P. - 2008

Structural change involves a broad set of trends: (i) sectoral reallocations, (ii) rich movements of productive activities between home and market, and (iii) an increase in the scale of productive units. After extending these facts, we develop a model to explain them within a unified framework....

Persistent link: https://www.econbiz.de/10010292135

Changing Tides for the Welfare State - An Essay

Lindbeck, Assar - 2001

Recent developments in society have generated misalignment between the welfare state and socio-economic conditions and preferences. This paper emphasis developments in the labor market and the structure, stability and preferences of the family, as well as macroeconomic changes. The latter...

Persistent link: https://www.econbiz.de/10010334952

Information and Communication Technologies, Globalisation and Competitiveness: A Selective Survey

Alecke, Björn; Untiedt, Gerhard - In: Vierteljahrshefte zur Wirtschaftsforschung 69 (2000) 4, pp. 544-558

Globalisierung und die Frage diskutiert, wie Globalisierung und IuK-Technologien den Strukturwandel, das Wirtschaftswachstum und die … der internationale Handel zunehmen wird. Globalisierung und technischer Fortschritt beschleunigen den Strukturwandel … der neoklassische Theorie möglich. Bei der Diskussion um den Beitrag der IuK-Technologien für das gesamtwirtschaftliche …

Persistent link: https://www.econbiz.de/10010377487

Sectoral Technology and Structural Transformation

Herrendorf, Berthold; Herrington, Christopher; … - 2012

This paper assesses the importance for structural transformation of three features of sectoral technology: labor-augmenting technological progress, capital intensity, and substitutability between capital and labor. We estimate CES production functions for agriculture, manufacturing, and services...

Persistent link: https://www.econbiz.de/10010494521

Structural Change and the Kaldor Facts of Economic Growth

Foellmi, Reto; Zweimüller, Josef - 2002

We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...

Persistent link: https://www.econbiz.de/10010262779