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The Impact of the Multifiber Agreement Phaseout on Unemployment in Tunisia: A Prospective Dynamic Analysis
Marouani, Mohamed A. - 2005
Agreement dismantling on unemployment in Tunisia. The specification of intertemporal behavior of households and firms permits … of efficiency wages, the model allows for an endogenous determination of unemployment. The main findings are that … unemployment and wage inequality will increase due to the MFA phase out, and that a deeper integration with the EU can soften the …
Persistent link: https://www.econbiz.de/10010296388
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Political power, resistance to technological change and economic development: Evidence from the 19th century Sweden
Tyrefors Hinnerich, Björn; Lindgren, Erik; … - 2017
This paper empirically tests the hypothesis that landed elites may block technological change and economic development if they fear that they will lose future political power (Acemoglu and Robinson (2002, 2006, and 2012). It exploits a plausible exogenous change in the distribution of political...
Persistent link: https://www.econbiz.de/10011917048
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Bridging the technology-gap in economic transition, the J-curve of growth and unemployment
Hetze, Pascal - 2006
-up in terms of productivity but also a J-curve shape of output growth accompanied by an increase in unemployment on a large … and jobs, the model reproduces the pattern of productivity, growth and unemployment that we find in the CEE countries. …
Persistent link: https://www.econbiz.de/10010319281
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Uncertainty and the specificity of human capital
Gervais, Martin; Livshits, Igor; Meh, Césaire - 2007
This paper studies the choice between general and specific human capital. A trade-off arises because general human capital, while less productive, can easily be reallocated across firms. Accordingly, the fraction of individuals with specific human capital depends on the amount of uncertainty in...
Persistent link: https://www.econbiz.de/10010279970
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Going Offshore: Investments in German Wind Energy under Uncertainty
Chen, Yu-Fu; Funke, Michael - 2015
Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...
Persistent link: https://www.econbiz.de/10011307068
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Population Aging and the Direction of Technical Change
Irmen, Andreas - 2009
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging aff ects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10011422203
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A simple model of investment with an infinite number of technologies
Klepper, Mathis - 2010
This paper investigates technology adoption of a single firm in a continuous time model with an infinite planning horizon and an infinite number of investment opportunities. Technological progress is exogenous and modeled either by a poisson process or a geometric poisson process. For both...
Persistent link: https://www.econbiz.de/10010270083
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Population aging and the direction of technical change
Irmen, Andreas - 2009
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging affects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10010274332
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Intermediate Goods Trade, Technology Choice and Productivity
Peng, Shin-Kun; Riezman, Raymond; Wang, Ping - 2015
We develop a dynamic model of intermediate goods trade in which the pattern and the extent of intermediate goods trade are endogenous. We consider a small open economy whose final good production employs an endogenous array of intermediate goods, from low technology (high cost) to high...
Persistent link: https://www.econbiz.de/10011431174
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Endogenous Task-Based Technical Change - Factor Scarcity and Factor Prices -
Irmen, Andreas - 2020
This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...
Persistent link: https://www.econbiz.de/10012207980