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What Determines the Elasticity of Substitution between Capital and Labor? A Literature Review

Knoblach, Michael - 2020

This paper provides the first comprehensive review of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function. By example of the U.S., we...

Persistent link: https://www.econbiz.de/10012850069

Government Aid to Firms : Cause or Cure of Misallocation?

Fakos, Alexandros - 2020

Governments in advanced and developing economies allocate capital subsidies to firms in a discretionary fashion through industrial policy or state aid. Do such discretionary policies mitigate or exacerbate the misallocation of resources across firms? This paper analyzes a typical EU policy using...

Persistent link: https://www.econbiz.de/10012846896

Effective labor regulation and microeconomic flexibility

Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo; … - 2004

Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...

Persistent link: https://www.econbiz.de/10011607672

Effective Labor Regulation and Microeconomic Flexibility

Caballero, Ricardo J.; Engel, Eduardo M. R. A.; Cowan, Kevin - 2011

Microeconomic flexibility is at the core of economic growth in modern market economies because it facilitates the process of creative-destruction, The main reason why this process is not infinitely fast, is the presence of adjustment costs, some of them technological, others institutional. Chief...

Persistent link: https://www.econbiz.de/10014070107

The Comparative Analysis of Macro Economic Reasons and Consequences of Crisis in 1929 and 2008

Aras, Osman Nuri - 2012

This work comprises the comparative analysis of macro economic reasons and consequences of world economic crisis happened in 2008 which affected the economy of the world and the 1929 crisis the biggest that ever happened in the world. It is obvious that both of crises have common and different...

Persistent link: https://www.econbiz.de/10013098589

Misallocation and Inequality

Guner, Nezih; Ruggieri, Alessandro - 2022

match formation. Distortions and frictions reduce employment, average firm size, and GDP per capita. They also affect how …

Persistent link: https://www.econbiz.de/10014083775

The economics of employment protection

Addison, John T.; Teixeira, Paulino - 2001

Empirical investigation of the labor market consequences of employment protection has mushroomed since Lazear's (1990 … mainly on dismissals protection, distinguishing between the themes of employment and unemployment development and labor … market dynamics proper. Our discussion of employment and unemployment largely deals with the effect of employment protection …

Persistent link: https://www.econbiz.de/10011403997

A lockdown index to assess the economic impact of the coronavirus

Faber, Marius; Ghisletta, Andrea; Schmidheiny, Kurt - In: Swiss journal of economics and statistics 156 (2020) 1/11, pp. 1-23

until the end of April 2020 and find that it can explain up to 58% of these short-term employment outcomes. …

Persistent link: https://www.econbiz.de/10012392542

Trade Agreements and Global Pacts, Trade Deals and China's Trade Incursions (Presentation Slides)

Wind, Serge L. - 2018

Persistent link: https://www.econbiz.de/10012916378

Meritocracy across Countries

Bandiera, Oriana; Kotia, Ananya; Lindenlaub, Ilse; … - National Bureau of Economic Research - 2024

Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...

Persistent link: https://www.econbiz.de/10014528414

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