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Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of … ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A … sectors, predicts that immigration boosts output per worker by expanding the high-productivity sector, but decreases output …
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It is common practice to estimate the volatility-growth link by specifying a standard growth equation such that the variance of the error term appears as an explanatory variable in this growth equation. The variance in turn is modelled by a second equation. Hardly any of existing applications of...
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Science, innovation, knowledge and digital technologies have played a fundamental role in the growth potential, social inclusion and environmental sustainability of countries in recent decades, and have become even more important in the context of the crisis caused by the coronavirus disease...
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