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Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013032373
This article analyzes the extent to which human capital differences can explain the differences in gross state product (GSP) per capita levels between the richer and poorer states of the US. It uses 1990 Census and Bureau of Economic Analysis data on educational attainment, wage levels of...
Persistent link: https://www.econbiz.de/10014143597
, the growing use of intermediates imported from China has contributed to the productivity growth within the manufacturing … production processes of 22 high-income countries. Using China’s productivity as the exogenous variation, the main result – based … significant. With the preferred estimation, a one per cent increase in the use of intermediates imported from China does, on …
Persistent link: https://www.econbiz.de/10013314709
-factor productivity (TFP) growth for U.S. states over 1980 to 2010. Our growth accounting exercise shows that the current literature … considerably lower in magnitude when compared to the earlier studies. Productivity growth effects associated with high school … education remain insignificant. Our empirical findings are further validated by the use of instrumental variable estimation to …
Persistent link: https://www.econbiz.de/10012948192
implications of offshoring bias for manufacturing productivity and value added, we implement the bias correction developed by … the magnitude of the discounts from offshoring. We find that from 1997 to 2007 average annual multifactor productivity …The rapid growth of offshoring has sparked a contentious debate over its impact on the U.S. manufacturing sector, which …
Persistent link: https://www.econbiz.de/10014189153
underestimation of deep integration projects such as TTIP. The panel data estimation of knowledge production functions for 20 EU …
Persistent link: https://www.econbiz.de/10011716195
and to estimate the contribution of aggregate input growth and total factor productivity (TFP) growth to income growth …
Persistent link: https://www.econbiz.de/10014225089
contribution from coastal proximity to productivity and quality of life. Extensively controlling for correlated natural attributes … productivity or quality of life, but not to both, suggests that the coastal concentration derives primarily from a productivity …
Persistent link: https://www.econbiz.de/10014084334
This work offers new insights into the determinants of service offshoring across countries and across service … offshoring costs for all services, while the effects of other characteristics depend on the coordination requirements of the … respective service industry. The results from a zero-inflated Poisson pseudomaximum likelihood estimation indicate that the …
Persistent link: https://www.econbiz.de/10009569614
A wide urban-rural disparity is observed in employment growth in the United States. For example, employment growth averaged 2.1 percent in urban counties during 1998-2007, compared with just 1 percent in rural counties. In this study, we examine the sources of U.S. employment growth using the...
Persistent link: https://www.econbiz.de/10011573731