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Persistent link: https://www.econbiz.de/10000973581
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I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in the labor...
Persistent link: https://www.econbiz.de/10012870989
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...
Persistent link: https://www.econbiz.de/10012307862
workforce on average, developing countries rationally choose technologies with low measured labor productivity. My theory is … trade is dominated by traditional technologies with low measured productivity. I show that an implication of this theory is …
Persistent link: https://www.econbiz.de/10014161089
An estimated baseline convergence model capturing the long-term effect of human capital and physical investment on potential output for a panel of OECD countries is augmented with public investment and its components. The estimations suggest that public investment has a positive effect on...
Persistent link: https://www.econbiz.de/10011578195
This paper addresses the important question of whether public investment spending on economic infrastructure enhances economic growth and labor productivity in Argentina. Following the lead of the endogenous growth literature, it presents a simple modified production function that explicitly...
Persistent link: https://www.econbiz.de/10014211529
This paper provides a comprehensive analysis of the supply and demand side of structural transformation in Turkey …
Persistent link: https://www.econbiz.de/10014290696
In this work, we analyzed the export- biased productivity, wage growth and the ULCP in Turkey. Then, by using input …- output methods , we could show that Turkey has an economy which is able to be a part of the Euro system and Euro is … compatible under the export- biased productivity growth in Turkey though its relatively high inflation. That means Maastricht …
Persistent link: https://www.econbiz.de/10010460202
This paper provides a comprehensive assessment of structural change patterns in the world economy. It uses a new dataset on sectoral employment produced by the International Labour Organization, which is complemented by national accounts and population data from the United Nations Department of...
Persistent link: https://www.econbiz.de/10011285383