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The present paper takes a fresh theoretical and empirical look into the relationship between Wagner`s law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human...
Persistent link: https://www.econbiz.de/10012781867
This study presents empirical evidence that a health improvement program---privatization of municipal water services …
Persistent link: https://www.econbiz.de/10013249868
Using a large panel data set of German manufacturing establishments, this paper investigates the impact of competition … on training incidence as well as on the number of trained workers. According to theory, one would expect a negative … relationship between product market competition and firms' incentives to invest in employees' general skills (Gersbach and …
Persistent link: https://www.econbiz.de/10003725752
For US postwar data, the paper explains central consumption, labor, investment and output correlations and volatilities along with output growth persistence by including a human capital investment sector and a variable physical capital utilization rate. Strong internal "amplication" results from...
Persistent link: https://www.econbiz.de/10012966555
Persistent link: https://www.econbiz.de/10001475331
deregulation increases training incidence. -- training ; product market competition ; Europe … contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of …
Persistent link: https://www.econbiz.de/10003937794
deregulation reduces profits per unit of output, and thereby reduces training. On the other hand, the number of firms increases … results are unambiguous and show that an increase in product market deregulation generates a sizeable increase in training …
Persistent link: https://www.econbiz.de/10003583930
Persistent link: https://www.econbiz.de/10009355311
contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of … deregulation increases training incidence …
Persistent link: https://www.econbiz.de/10013316253
Several reasons are responsible for income disparity across different nations. Education established itself to be the primary reason for such disparities. Therefore, estimation of return on investments in education has become a great concern of the researchers in recent years. In most of the...
Persistent link: https://www.econbiz.de/10014466547