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This paper investigates the deindustrialization process in Germany and Spain from 1995 to 2018. It is argued that the … deindustrialization trajectories of each country are partially related to their growth models. An analysis in two steps is conducted … the manufacturing value-added share is decomposed into five deindustrialization drivers: income, investment, relative …
Persistent link: https://www.econbiz.de/10014481170
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010495336
This paper establishes some stylized facts of the long run relationship between growth and labor shares using historical data for the United States (1898-2010), the United Kingdom (1856-2010), and France (1896-2010). Performing individual country time-frequency analysis, we demonstrate the...
Persistent link: https://www.econbiz.de/10012889951
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productivity growth in Malaysia. Using data from the Department of Statistics Malaysia from 1987 to 2018 and decompositions that … take account of the static and dynamic efficiency gains from labor reallocation, it documents that Malaysia has undergone … between-sector reallocation of labor to growth in output per capita in Malaysia has been relatively low. Accordingly, together …
Persistent link: https://www.econbiz.de/10012390628
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011398011
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International migration is an important channel of material improvement for individuals and their offspring. The movement of people across country borders, especially from less developed to richer countries, has a substantial impact in several dimensions. First, it affects the migrants...
Persistent link: https://www.econbiz.de/10013305681
As the pace of digitalization and automation accelerates globally, and more disruptive innovations in machine learning, artificial intelligence and robotics are expected, new data sources and measurement tools are needed to complement existing valuable statistics and administrative data. This is...
Persistent link: https://www.econbiz.de/10011908122
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