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on nominal wage rigidities at the firm level. I trace out the long-run investment and growth trajectories of firms which … investment gap for two years following the shock, resulting in a persistent accumulated growth gap. I show that affected firms … with a higher degree of wage rigidity exhibit a steeper drop in investment and grow more slowly than affected firms with …
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the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
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the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10013098128
In this chapter, we provide an overview of the relationship between international migration and international trade as well as capital movements. We start out by identifying key issues through a brief comparison between modern migration and the mass migration of the nineteenth century, followed...
Persistent link: https://www.econbiz.de/10014025432
investment, chain migration (kinship and information networks), as well as government subsidies to and restrictions on the free …
Persistent link: https://www.econbiz.de/10001701399
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investment, chain migration (kinship and information networks), as well as government subsidies to and restrictions on the free …
Persistent link: https://www.econbiz.de/10013320478