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Bank of Finland's long-run forecast framework with human capital

Kokkinen, Arto; Obstbaum, Meri; Mäki-Fränti, Petri - 2021

Population ageing constitutes a central challenge to Finland. Understanding the Finnish economy's likely future trajectory and the key sources of growth is important for the design of policies to counteract these adverse long-term trends. For this purpose, we develop a novel long-run forecast...

Persistent link: https://www.econbiz.de/10012745160

Impact of financial development on macroeconomic volatility: Does human capital matter?

Mushtaq, Mansoor; Hameed, Gulnaz; Hanif, Muhammad - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 18 (2024) 1, pp. 88-112

This study adds to the body of literature by investigating the moderating effect of human capital in the association of financial development with macroeconomic volatility in a sample of Asian countries. From 1993 until 2021, annual panel data was collected. For empirical analysis, generalized...

Persistent link: https://www.econbiz.de/10014527334

Regional intellectual capital (RIC) indicators in Indonesia

Ulum, Ihyaul; Mudrifah, Mudrifah; Sulistyono, Setyo Wahyu - In: Cogent Business & Management 10 (2023) 1, pp. 1-16

developed from NICs modified from Bontis's and tailored to the requirements of Indonesia. The research was carried by utilizing …-depth interviews, followed by focus group discussions (FGD), and finally by rediscussion. As a result, human capital in Indonesia, as …, exposure to navigation, flexibility, and adaptation are key capital market points in Indonesia. Human capital in Indonesia is …

Persistent link: https://www.econbiz.de/10014527362

Incentives for local government expenditures on people's livelihood : the role of high-speed rail

Meng, Xia; Ding, Tao; Wang, Haisen - In: Socio-economic planning sciences : the international … 89 (2023), pp. 1-9

Persistent link: https://www.econbiz.de/10014434692

The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation

Adda, Jérôme; Dustmann, Christian; Görlach, Joseph-Simon - 2021

This paper develops and estimates a dynamic model where individuals differ in ability and location preference to evaluate the mechanisms that affect the evolution of immigrants' careers in conjunction with their re-migration plans. Our analysis highlights a novel form of selective return...

Persistent link: https://www.econbiz.de/10014532680

Immigration and Gender Differences in the Labor Market

Llull, Joan - 2021

This paper analyzes the effect of immigration on gender gaps in the labor market. Using an equilibrium structural model for the U.S. economy, I simulate the importance of two mechanisms: the differential labor market competition induced by immigration on male and female workers, and the...

Persistent link: https://www.econbiz.de/10014532765

On Immigration and Native Entrepreneurship

Duleep, Harriet; Jaeger, David A.; McHenry, Peter - 2021

We present a novel theory that immigrants facilitate innovation and entrepreneurship by being willing and able to invest in new skills. Immigrants whose human capital is not immediately transferable to the host country face lower opportunity costs of investing in new skills or methods and will...

Persistent link: https://www.econbiz.de/10014532783

The Returns to English-Language Skills in India

Azam, Mehtabul; Chin, Aimee; Prakash, Nishith - 2010

India's colonial legacy and linguistic diversity give English an important role in its economy, and this role has expanded due to globalization in recent decades. It is widely believed that there are sizable economic returns to English-language skills in India, but the extent of these returns is...

Persistent link: https://www.econbiz.de/10014532821

Permanent Residency and Refugee Immigrant Skill Investment

Arendt, Jacob; Dustmann, Christian; Ku, Hyejin - 2023

We analyze an immigration reform in Denmark that tightened refugee immigrants' eligibility criteria for permanent residency to incentivize their labor market attachment and acquisition of local language skills. Contrary to what the reform intended, the overall employment of those affected...

Persistent link: https://www.econbiz.de/10014532904

Displacement Effects in Manufacturing and Structural Change

Helm, Ines; Kuegler, Alice; Schoenberg, Uta - 2023

We investigate the consequences of structural change for workers displaced from the manufacturing sector. Manufacturing establishments traditionally employed low- and high-wage workers in similar proportions and paid substantial wage premiums to both types of workers. Structural change has led...

Persistent link: https://www.econbiz.de/10014532917