We document two new facts about the market-level response to minimum wage hikes: firm exit and entry both rise. These results pose a puzzle: canonical models of firm dynamics predict that exit rises but that entry falls. We develop a model of firm dynamics based on putty-clay technology and show...

This paper estimates the vintage capital model of energy demand and examines operational and investment responses to energy prices at disaggregate level using data from five OECD manufacturing industries. Applying the model to less aggregate level data helps avoiding the distortions from...

This paper analyzes the effect of energy prices on energy efficiency, separately accounting for operational and investment choices in different sectors. For this purpose, capital stock is characterised by vintages with different intensities of energy use, calculated as a function of...

The relationship between growth and pollution is studied through a vintage capital model, where new technology is more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in...

The relationship between growth and pollution is studied through a vintage capital model, where new technologies are more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in...

The relationship between growth and pollution is studied through a vintage capital model, where new technologies are more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in...

ILO pub. Working paper on the impact of multinational enterprises on technological change and employment creation, comprising a case study of a foreign subsidiary and a local firm in India - discusses theoretical issues, size of enterprise, research and development, innovations, backward and...

Based on a selection of economic, social and political variables, develops a typology of developing countries which can be used to study the impact of new technologies on them as well as to assess their capability to absorb new technologies.

ILO pub. Article describing the new (1976) system of apprenticeship and in plant training in the engineering industry, aimed at preparing workers for rapid scientific and technological change in Czechoslovakia - discusses overspecialization and theoretical inadequacies of the old system,...