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This paper examines the implications of regulatory change for the input mix and technology choices of regulated industries. We present a simple neoclassical framework that emphasizes the change in relative factor prices associated with the regulatory change from full cost to partial cost...
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framework for the analysis of growth driven by both entry of new firms and productivity improvements by continuing firms. Unlike … productivity improvements by incumbents in response to reduced entry, which may outweigh the positive effect of greater creative …
Persistent link: https://www.econbiz.de/10013137809
framework for the analysis of growth driven by both entry of new firms and productivity improvements by continuing firms. Unlike … productivity improvements by incumbents in response to reduced entry, which may outweigh the positive effect of greater creative …
Persistent link: https://www.econbiz.de/10008674224
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010698829
rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …
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from country industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …
Persistent link: https://www.econbiz.de/10011820230