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effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as … impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter …
Persistent link: https://www.econbiz.de/10011657141
businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
Persistent link: https://www.econbiz.de/10011815814
-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how …
Persistent link: https://www.econbiz.de/10012425684
generation and maintenance of full employment, and the equitable distribution of incomes. The paper reconsiders the policy … opposed to the output gap) is far more effective in stabilizing employment, incomes, investment, and balance sheets. …
Persistent link: https://www.econbiz.de/10010281710
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/10010276471
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
This paper analyses the challenges that high public debt and ageing populations pose to medium-term growth. First, macroeconometric model simulations suggest that medium-term growth can benefit from credible fiscal consolidation, partly through reductions in sovereign risk premia. Second, a...
Persistent link: https://www.econbiz.de/10011606317
-term income and employment growth and supporting social fairness, also via better and more equal opportunities. It provides …
Persistent link: https://www.econbiz.de/10011972273
very important - but specific - function in the economy. They engender relatively much employment creation, productivity … answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …, and (iii) productivity and growth, relative to the contributions of the entrepreneurs' counterparts, i.e. the 'control …
Persistent link: https://www.econbiz.de/10010276297
. Our test of the productivity−employment link indicates that the size of employment tends to have a greater impact on …This paper provides an overview of productivity development and other related indicators in Asian-Pacific (APAC …) countries, with comparisons with the Europe region. We use the seventh vintage firm-level data from the Productivity Research …
Persistent link: https://www.econbiz.de/10012610159