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We study the behavior of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the...
Persistent link: https://www.econbiz.de/10012144215
Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …
Persistent link: https://www.econbiz.de/10011653808
We study the behavior of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the...
Persistent link: https://www.econbiz.de/10011932539
This study models the impact of new capital regulations proposed under Basel III on bank profitability by constructing …-percentage increase in the capital ratio can be recovered by increasing lending spreads. The results indicate that in the case of … scheduled commercial banks, one-percentage point increase in capital ratio can be recovered by increasing the bank lending …
Persistent link: https://www.econbiz.de/10011112538
This study models the impact of new capital regulations proposed under Basel III on bank profitability by constructing …-percentage increase in the capital ratio can be recovered by increasing lending spreads. The results indicate that in the case of … scheduled commercial banks, one-percentage point increase in capital ratio can be recovered by increasing the bank lending …
Persistent link: https://www.econbiz.de/10011112690
The economic success story of the 1990s has been Ireland, with GDP per capita nearly doubling over the decade. In this article Pierre Fortin from the Université du Québec à Montréal and the Canadian Institute for Advanced Research provides a detailed examination of the factors behind the...
Persistent link: https://www.econbiz.de/10005518962
increased multifactor productivity growth, not capital deepening, that drove this acceleration. Parham makes the case that …
Persistent link: https://www.econbiz.de/10005518963
standard macro-economic changes in labour or capital. They note that economic reforms were more important in the UK than in …
Persistent link: https://www.econbiz.de/10005518966
This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital … for UK manufacturing over 80 quarters we show that capital constraints became relatively more important during the 1980s … as industry failed to match the increase in labour flexibility with rising capital investment. …
Persistent link: https://www.econbiz.de/10010295309
This study surveys the academic and professional literature examining the privatisation of state-owned enterprises (SOEs), with a focus on empirical studies. Privatisation has been instrumental in reducing state ownership in many countries and had a transforming effect on global stock markets,...
Persistent link: https://www.econbiz.de/10011608465