Showing 1 - 10 of 14,773
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...
Persistent link: https://www.econbiz.de/10012583063
broadband adoption, respectively, we review studies investigating the impacts on economic growth, employment and regional …
Persistent link: https://www.econbiz.de/10011522665
We analyze the behavior of plant-level real wages and productivity in Turkish manufacturing after the transition to democracy in 1987 and test whether wages under democracy causes productivity. The Turkish experience provides almost an experimental case: real wages in manufacturing increased by...
Persistent link: https://www.econbiz.de/10012597043
Korea’s economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag...
Persistent link: https://www.econbiz.de/10013302780
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained … in a multivariate framework for three sets of sectors. We get a relationship in which employment rises with growth and … permits to measure retrospectively the contributions of each of the variables to employment inflections since the mid-eighties …
Persistent link: https://www.econbiz.de/10013319764
The objective of this paper is to learn about the effects of the adjustment costs, economic growth, imports and exports on human capital labor demand. The dynamic model proposed by Sargent (1978) was adjusted to consider three types of human capital: (a) one with fundamental education (1-8 years...
Persistent link: https://www.econbiz.de/10011865404
Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the large productivity gains in the United States during the same period. This paper shows that the deceleration in labor productivity in the euro area was caused by structural...
Persistent link: https://www.econbiz.de/10012783087
Population growth is one of the fundamental factors that directly determine the supply of human resources which are indisputably critical for production. Population growth plays a pivotal role in country's economic development trajectory. Most economically developed countries have significantly...
Persistent link: https://www.econbiz.de/10012952818
answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation … very important - but specific - function in the economy. They engender relatively much employment creation, productivity …, recent studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of …
Persistent link: https://www.econbiz.de/10012750339