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Harrigan, James; Reshef, Ariell; Toubal, Farid - 2023

We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …

Persistent link: https://www.econbiz.de/10014348039

Hoarding of International Reserves : Mrs Machlup's Wardrobe and the Joneses

Cheung, Yin-Wong; Qian, Xingwang - 2021

Motivated by the observed international reserve hoarding behavior in the post-1997 crisis period, we explore the Mrs Machlup's wardrobe hypothesis and the related keeping-up-with-the-Joneses argument. It is conceived that, in addition to psychological reasons, holding a relatively high level of...

Persistent link: https://www.econbiz.de/10013316903

Natural Resources, Demand for Skills, and Schooling Choices

Butikofer, Aline; Dalla Zuanna, Antonio; Salvanes, Kjell G. - 2023

This paper studies the consequences of the buildup of a new economic sector—the Norwegian petroleum industry—on investment in human capital. We assess both short-term and long-term effects for a broad set of educational margins, by comparing individuals in regions exposed to the new sector...

Persistent link: https://www.econbiz.de/10014346848

Economic Globalisation and Africa's Quest for Greener and More Inclusive Growth : The Missing Link

Ofori, Isaac K; Freytag, Andreas; Asongu, Simplice A. - 2023

This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll-Kraay standard errors with fixed effects instrumental variable...

Persistent link: https://www.econbiz.de/10014347989

Skill, Innovation and Wage Inequality : Can Immigrants Be the Trump Card?

Das, Gouranga - 2019

With the ensuing immigration reform in the US, the paper shows that targeted skilled immigration into the R&D sector that helps low-skilled labor is conducive for controlling inequality and raising wage. Skilled talent-led innovation could have spillover benefits for the unskilled sector while...

Persistent link: https://www.econbiz.de/10012861379

TBTs, Firm Organization and Labour Structure - The Effect of Technical Barriers to Trade on Skills

Navaretti, Giorgio Barba - 2020

Trade shocks in export markets may affect the employment composition and the organization of exporting firms. In particular, the imposition of new technological standards in destination markets may force exporters to adjust the firm's organization to comply and cope with the additional...

Persistent link: https://www.econbiz.de/10012847126

Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019)

Heer, Burkhard - 2019

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...

Persistent link: https://www.econbiz.de/10012866317

Skilled Immigration, Task Allocation and the Innovation of Firms

Mayda, Anna Maria; Orefice, Gianluca; Santoni, Gianluca - 2022

district and firm level. Large, high-productivity and capital-intensive firms benefit the most, in terms of innovation activ …. Through this channel, greater innovation is the result of productivity gains from specialization …

Persistent link: https://www.econbiz.de/10014241996

Optimal Linear Income Taxation and Education Subsidies Under Skill-Biased Technical Change

Jacobs, Bas; Thuemmel, Uwe - 2021

This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...

Persistent link: https://www.econbiz.de/10013251267

Technological Growth and Hours in the Long Run : Theory and Evidence

Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik - 2021

Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...

Persistent link: https://www.econbiz.de/10013222213