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Breaking Bad : Supply Chain Disruptions in a Streamlined Agent Based Model

Delli Gatti, Domenico; Grugni, Elisa - 2021

We explore the macro-financial consequences of the disruption of a supply chain in an agent based framework characterized by two networks, a credit network connecting banks and firms and a production network connecting upstream and down-stream firms. We consider two scenarios. In the first one,...

Persistent link: https://www.econbiz.de/10013231965

Labor Market Effects of Global Supply Chain Disruptions

Ulate, Mauricio; Zarate, Roman D.; Vasquez, Jose P. - 2023

We examine the labor market consequences of recent global supply chain disruptions induced by COVID-19. Specifically, we consider a temporary increase in international trade costs similar to the one observed during the pandemic and analyze its effects on labor market outcomes using a...

Persistent link: https://www.econbiz.de/10014259687

How productive is public capital?: a meta-analysis

Bom, Pedro R. D.; Ligthart, Jenny E. - 2008

The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a full' Generalized Least...

Persistent link: https://www.econbiz.de/10010275668

The business environment in the transition

Carlin, Wendy; Schaffer, Mark - 2012

faced and their business environment. The business environment includes physical infrastructure, the availability of an …

Persistent link: https://www.econbiz.de/10010288245

The Macroeconomic Effects of Funding U.S. Infrastructure

Malley, James R.; Philippopoulos, Apostolis - 2022

This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure … multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income …

Persistent link: https://www.econbiz.de/10013307758

Pork, Infrastructure and Growth : Evidence from the Italian Railway Expansion

Bonfatti, Roberto; Facchini, Giovanni; Tarasov, Alexander; … - 2021

This paper studies the role played by politics in shaping the Italian railway network, and its impact on long-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century in a recently unified country, we first study how both...

Persistent link: https://www.econbiz.de/10013216257

Techies and Firm Level Productivity

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 report new facts on the role of techies in the firm by leveraging French administrative data and unique surveys. Techies are STEM-skill intensive and are associated with...

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

Trade in Information Technologies and Changes in the Demand for Occupations

Jerbashian, Vahagn - 2021

I use data from the World Input-Output Database and show that trade in information technologies (IT) has a significant contribution to the growth in foreign intermediate goods in the 2001-2014 period. China has strongly contributed to the rise in trade in IT and has become one of the major...

Persistent link: https://www.econbiz.de/10013246467

On the Elasticity of Substitution between Labor and ICT and IP Capital and Traditional Capital

Jerbashian, Vahagn - 2022

I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...

Persistent link: https://www.econbiz.de/10014243755

The Diffusion of Technological Progress in ICT

Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2021

We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...

Persistent link: https://www.econbiz.de/10013314751

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