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In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in per-capita income levels and growth rates is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10009712336
-use in newly constructed buildings and how it induces innovation in the residential-building industry. The data used consists …
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A detailed decomposition of the sources of the Total Factor Productivity (TFP) growth index within an output distance function framework was carried out, looking at the following components: technical change, change in technical efficiency, scale component, and violations of the profit...
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cost shares of these factors. In standard economic theory output elasticities equal cost shares. Our heterodox findings …
Persistent link: https://www.econbiz.de/10003850496
This paper uses data from a nationally representative panel of establishments to estimate the effects of German works councils on firm performance, 1997 - 2000. We analyze the impact of this institution on sales and sales growth using OLC and fixed effect estimates of a translog production...
Persistent link: https://www.econbiz.de/10003379308
dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by … product innovation may be offset by employment losses in related products, known as 'cannibalisation' or 'business stealing …' effects in the literature, by employment losses from process and organisational innovation and by general productivity …
Persistent link: https://www.econbiz.de/10011563084
-use in newly constructed buildings and how it induces innovation in the residential-building industry. The data used consists …
Persistent link: https://www.econbiz.de/10014145942