Showing 1 - 10 of 1,150
-run growth of production takes place due to long-run growth of the labor force, capital stock, productivity or due to technology …
Persistent link: https://www.econbiz.de/10013053400
productivity and restructuring. Unlike previous studies we are able to account for the heterogeneity across firms in their exposure … by increasing productivity. The RER shock was associated with substantial within-firm productivity gains for net … exporters; gains that seem to have come about partly through technological improvements. The productivity gains also appear to …
Persistent link: https://www.econbiz.de/10005666743
This paper by building on the general theory of the monetary circuit, proves that money-as a pure bank credit liability-exists to overcome constraints on required expenditures by firms, household and mainly the State. From this perspective the paper derives the employment function in the modern...
Persistent link: https://www.econbiz.de/10008554148
thinking about employment, inflation and growth. The model’s main contribution to economics is its dynamic description of wage … economics by incorporating the idea that structural change and company productivity can be promoted by profit squeezes induced …
Persistent link: https://www.econbiz.de/10005648656
Persistent link: https://www.econbiz.de/10003948197
Persistent link: https://www.econbiz.de/10012312213
's model for the productivity regime is calibrated on - OECD data. The trajectory for employment predicted by the combination …
Persistent link: https://www.econbiz.de/10010197410
Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate countercyclical movement in both aggregate conditional...
Persistent link: https://www.econbiz.de/10012956881
Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate countercyclical movement in both aggregate conditional...
Persistent link: https://www.econbiz.de/10011637667
unemployment, and low inflation. Many would attribute this performance to fewer supply side constraints, as the U.S. has moved away … productivity growth. Indeed, we show that when one decomposes per capita GDP growth into its component parts - growth of employment …
Persistent link: https://www.econbiz.de/10014192557