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We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10013136032
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and global scale. Specifically, the firm decides i) how thinly it wants to slice its production process by choosing the mass of symmetric intermediate inputs that are...
Persistent link: https://www.econbiz.de/10013120903
Persistent link: https://www.econbiz.de/10014008270
hiring and firing of workers, labour reallocation and productivity growth. It also reviews how workers affected by labour … labour market flows and these flows, in turn, have significant impacts on productivity growth. At the same time, the evidence …
Persistent link: https://www.econbiz.de/10009153475
missed. Looking at the relationship between FDI growth on one hand and labour productivity, capital productivity and …
Persistent link: https://www.econbiz.de/10011392225
Studies regarding the migrants' impact upon performance variables and in particular upon productivity growth - which is … industries and regions and output and productivity growth. We do obtain robust results with respect to the positive impact of the … - on the relationship between productivity growth and the shares of migrants and of high-skilled migrants in overall …
Persistent link: https://www.econbiz.de/10011392342
productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …
Persistent link: https://www.econbiz.de/10011337988
In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier … speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and … worldly pleasures and aggregate productivity takes off. An extension of the basic model investigates the Protestant …
Persistent link: https://www.econbiz.de/10010357676
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10010374513
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …
Persistent link: https://www.econbiz.de/10009791192