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Economic growth through worker reallocation: The role of knowledge spillovers

Mäkynen, Eero - 2021

An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...

Persistent link: https://www.econbiz.de/10013394370

On the "utilization controversy": A rejoinder and some comments

Nikiforos, Michalis - 2019

The critique by Gahn and González (2019) of the conclusions in Nikiforos (2016) regarding what data should be used to evaluate whether capacity utilization is endogenous to demand is weak for the following reasons: (i) The Federal Reserve Board (FRB) measure of utilization is not appropriate...

Persistent link: https://www.econbiz.de/10012142987

Death to the Cobb-Douglas production function

Gechert, Sebastian; Havranek, Tomas; Irsova, Zuzana; … - 2019

We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0.9, can be explained by three factors: publication bias, use of aggregated data, and omission of the first-order condition for capital. The mean elasticity conditional on the...

Persistent link: https://www.econbiz.de/10012154154

One Size Does Not Fit All: TFP in the Aftermath of Financial Crises in Three European Countries

Abele, Christian; Bénassy-Quéré, Agnès; Fontagné, … - 2021

We analyse the impact of both the Global Financial Crisis of 2008 and the European sovereign and banking crisis of 2011-13 on firm-level productivity in France, Italy and Spain. We show that relying on a single break date in 2008 misses both the Eurozone crisis and countries' institutional...

Persistent link: https://www.econbiz.de/10012493037

What Is the Value of Entrepreneurship?A Review of Recent Research

Praag, Mirjam van; Versloot, Peter H. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper examines to what extent recent empirical evidence can collectively andsystematically substantiate the claim that entrepreneurship has important economic value.Hence, a systematic review is provided that answers the question: What is the contribution ofentrepreneurs to the economy in...

Persistent link: https://www.econbiz.de/10005862087

What is the Value of Entrepreneurship? A Review of Recent Research

Praag, Mirjam van; Versloot, Peter H. - Max-Planck-Institut für Ökonomik <Jena> - 2007

This paper examines to what extent recent empirical evidence can collectively and systematically substantiate the claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question: What is the contribution of entrepreneurs to the economy...

Persistent link: https://www.econbiz.de/10005864522

Auswirkungen der Bevölkerungsentwicklung auf das wirtschaftliche Niveau der Regionen in Deutschland

Eckey, Hans-Friedrich; Kosfeld, Reinhold; Muraro, Nina - 2009

This paper examines the impact of demographic change on production today and in 2020. For the estimation a translog … production function is used. The results show a mostly divergent development. It is shown that there is a strong centre … of growth and allocation arises from the point of view of economic policy. -- regional production function ; productivity …

Persistent link: https://www.econbiz.de/10003849368

Quality of labor, capital, and productivity growth in Japan : effects of employee age, seniority, and capital vintage

Shinada, Naoki - 2011

An aging population, low fertility rate, and suppressed corporate investment have left Japan with an older workforce and older vintages of fixed capital. To restore economic dynamism, Japan must encourage productivity growth. Using panel data of listed Japanese firms in FY 19772008, this paper...

Persistent link: https://www.econbiz.de/10009154536

Gross value added and total factor productivity in Czech sectors

Volek, Tomáš; Novotná, Martina - In: Contemporary economics 9 (2015) 1, pp. 17-28

The main purpose of this paper is to consider the development of total factor productivity in the development of gross value added in individual sectors of the economy of the Czech Republic in the period from 1996 - 2011. The National Account was the source of the data. The paper addresses the...

Persistent link: https://www.econbiz.de/10010520871

Capital heterogeneity as a source of comparative advantage : putty-clay technology in a Ricardian model

Ishise, Hirokazu - 2015

cost, describes a sorting situation in which the most productive production units (which are generally newer vintage …

Persistent link: https://www.econbiz.de/10010533085