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Quantifying the impact of current crisis on the convergence in EU and post-crisis scenarios

Albu, Lucian-Liviu - 2012

Certainly the current crisis is affecting seriously the convergence process in EU. Starting from the spatial … rate has a fundamental role. In the general process of economic development and in the context of convergence in EU for the …

Persistent link: https://www.econbiz.de/10011515567

Evaluating EU regional policy : many empirical specifications, one (unpleasant) result

Breidenbach, Philipp; Mitze, Timo; Schmidt, Christoph M. - 2011 - First draft: April 2011

Numerous studies have focused on the role of EU regional policy in fostering growth and convergence among European … policy, the boost of convergence and harmonic growth over the EU. They represent about two third of the whole European … cohesion policy. In our estimations we run a neoclassical convergence model in mainly four different specifications. On the one …

Persistent link: https://www.econbiz.de/10011536563

Agglomeration with the pros and cons of labor heterogeneity

Ihara, Ryusuke - 2011

Using a simple two-region model with the positive and negative effects of labor heterogeneity, we investigate the agglomeration pattern of entrepreneurs and the commuting pattern of heterogeneous workers. Labor heterogeneity is a source of productivity for e.g. high-tech industries as well as is...

Persistent link: https://www.econbiz.de/10011545457

Labor demand research : toward a better match between better theory and better data

Addison, John T.; Portugal, Pedro; Varejão, José M. - In: Labour economics : official journal of the European … 30 (2014), pp. 4-11

Persistent link: https://www.econbiz.de/10011299326

The micro-level price response to monetary policy

Balleer, Almut; Zorn, Peter - 2020

We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German producer price index. After expansionary monetary policy, the increase in the frequency of price change is economically small, the average absolute size across all price...

Persistent link: https://www.econbiz.de/10012421507

On development paths minimizing the aggregate labor-reallocation costs in the threesector framework and an application to structural policy

Stijepic, Denis - 2019

Cross-sector labor reallocation is associated with costs at the micro level ranging from the costs of geographical relocation and skill change/adaptation to unemployment. We show that monotonous reallocation paths minimize the aggregate reallocation costs in the three-sector framework (relating...

Persistent link: https://www.econbiz.de/10012265652

Taxation, automation capital, and the functional income distribution

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2020 - Preliminary version: February 27, 2020

The functional income distribution in the US and most OECD countries has been characterized by an increasing capital income share and a declining wage share over the last decades. We present new evidence for the US economy that this fact is not only explained by technical change and...

Persistent link: https://www.econbiz.de/10012426258

Engines of sectoral labor productivity growth

Bárány, Zsófia L.; Siegel, Christian - 2019

We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ workers of different occupations and various forms of capital, none of which are perfect substitutes, and technology evolves at the sector-factor cell level. Using the model we...

Persistent link: https://www.econbiz.de/10012307830

Stagnant wages, sectoral misallocation and slowing productivity growth

Schmöller, Michaela - 2019

I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...

Persistent link: https://www.econbiz.de/10012307862

Does trade cause long-run development? : theory and evidence from countries behind the Suez channel

Gerritse, Michiel - 2015 - Preliminary

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

Persistent link: https://www.econbiz.de/10011478180