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This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the aggregate and sectoral levels by employing an econometric growth-accounting approach. First, our results show that intangible capital deepening accounts for around 40 percent of labor...
Persistent link: https://www.econbiz.de/10012622533
This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the aggregate and sectoral levels by employing an econometric growth-accounting approach. First, our results show that intangible capital deepening accounts for around 50 percent of labor...
Persistent link: https://www.econbiz.de/10013183835
-industry covariance between size and productivity across countries, and this variation is affected by the presence of idiosyncratic …-country patterns of the within-industry covariance between productivity and size and thus help to explain the observed differences in …
Persistent link: https://www.econbiz.de/10003920110
-industry covariance between size and productivity across countries, and this variation is affected by the presence of idiosyncratic …-country patterns of the within-industry covariance between productivity and size and thus help to explain the observed differences in …
Persistent link: https://www.econbiz.de/10010271801
-industry covariance between size and productivity across countries, but this covariance varies significantly across countries and is … calibrated to match the observed cross-country patterns of the within-industry covariance between productivity and size and thus …
Persistent link: https://www.econbiz.de/10013153504
The global economy is currently experiencing a new wave of technological change involving new technologies, especially in the realm of artificial intelligence and robotics, but not limited to it. One key concern in this context is the consequences of these new technologies on the labour market....
Persistent link: https://www.econbiz.de/10012193762
the sample composition and argue that focusing on manufacturing and mining sectors mitigates unobserved heterogeneity and … industries leads to a sizable drop of the productivity effects, halving the effect size for labor productivity and insignificant …
Persistent link: https://www.econbiz.de/10012695996
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices and adversely aect the employment share of low-skilled labor. We show that these effects hold only, when comparing hardly-robotizing with highly-robotizing sectors and...
Persistent link: https://www.econbiz.de/10012504766
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices and adversely affect the employment share of low-skilled labor. We show that these effects hold only, when comparing hardly-robotizing with highly-robotizing sectors and...
Persistent link: https://www.econbiz.de/10012432819
average size of firms, and decreases firms' markups. This paper uses a large dataset for 28 manufacturing industries and 46 …, trade liberalizations do not decrease the number of firms nor increase the average size of firms. Markups appear to decrease … during the three years after the liberalization. We also find that the number of firms and the average size of firms increase …
Persistent link: https://www.econbiz.de/10014218443