Showing 1 - 10 of 1,424
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
In this paper we take a detailed look at the sectoral anatomy of regional growth in German regions over the period 1978-2008. In the aggregate, the German economy is characterized by a secular decline of the manufacturing sector and a rise of the modern service economy. This trend of structural...
Persistent link: https://www.econbiz.de/10011581548
In the last two decades, due to falling barriers to trade and investment, the world economic scenario has profoundly changed. Few rich countries (United States, Great Britain, France, Japan, Switzerland, Germany and the Netherlands) have been securing a substantial stake in worldwide production...
Persistent link: https://www.econbiz.de/10011570837
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
Persistent link: https://www.econbiz.de/10011952090
industrialization process not only in terms of the costs incurred by firms, but also how industrialization affects these costs, since … industrialization. He puts more emphasis on the creation of a larger internal market via for instance a customs union and the …
Persistent link: https://www.econbiz.de/10011484446
We investigate the impact of start-up rates on regional economic development. We argue that in line with Schumpeter's view this effect is mediated by a process of creative destruc-tion: Start-ups spark a process of creative destruction which in turn leads to regional eco-nomic development....
Persistent link: https://www.econbiz.de/10012170064
Persistent link: https://www.econbiz.de/10011689386
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
Regions in Germany are facing an intensifying structural change towards the knowledge economy which is affecting spatial patterns of growth. . Features of such a change know many facets: fierce competition for skilled, mobile and motivated labor force, unemployment of non-qualified labor, longer...
Persistent link: https://www.econbiz.de/10011478347