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preferences but in addition on the technological possibilities to enhance human capital due to productive consumption, (d) a …
Persistent link: https://www.econbiz.de/10011615526
This paper examines the aggregate implications of size-dependent distortions. These regulations misallocate labor across firms and hence reduce aggregate productivity. It then considers a case-study of labor laws in France where firms that have 50 employees or more face substantially more...
Persistent link: https://www.econbiz.de/10011585845
the data than the standard growth accounting framework and allows for a breakdown of labor productivity into capital … efficiency levels, while they diverged in capital deepening and technological progress …
Persistent link: https://www.econbiz.de/10012780433
The Brazilian economy was characterized in the 1990s by marked changes from previous decades, many of which induced by economic policy: trade and financial liberalization, privatization, other State reform measures and the beginnings of economic stabilization with the implementation of the Real...
Persistent link: https://www.econbiz.de/10014106041
We develop a quantitative theory of human capital with heterogeneous agents in order to assess the sources of cross … capital technology. We then assess the model's ability to explain the cross-country data. Our quantitative model generates a … amplified through physical and human capital accumulation to generate a factor of 20 difference in output per worker --- as …
Persistent link: https://www.econbiz.de/10013096877
exports improve productivity, but imports hurt it. Regarding domestic variables, we find that human capital is the most …
Persistent link: https://www.econbiz.de/10013155963
This paper investigates how the sector-specific source or the changing sectoral composition of labor productivity has contributed to β-convergence, using a newly constructed eightsector database. The main findings are twofold. First, both within and sectoral reallocation have become important...
Persistent link: https://www.econbiz.de/10013172488
This paper investigates how the sector-specific source or the changing sectoral composition of labor productivity has contributed to β-convergence, using a newly constructed eight-sector database. The main findings are twofold. First, both within and sectoral reallocation have become important...
Persistent link: https://www.econbiz.de/10013293401
Purpose The entire world is now witnessing the Fourth Industrial Revolution and Artificial Intelligence (AI) is indeed altering the lives of the many in both developing and developed countries. Massive digital transformations are affecting the economies of those countries and are bringing with...
Persistent link: https://www.econbiz.de/10013413514
This paper examines the aggregate implications of size-dependent distortions. These regulations misallocate labor across firms and hence reduce aggregate productivity. It then considers a case-study of labor laws in France where firms that have 50 employees or more face substantially more...
Persistent link: https://www.econbiz.de/10013210464