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A feature of the recent global slowdown in productivity growth is that progress at the technological frontier has remained strong, while the gap between firms at the global frontier and other 'laggards' within an industry has grown. This growing gap reflects the fact that laggard firms now seem...
Persistent link: https://www.econbiz.de/10013163008
aggregate implications of these gender gaps in Chile. We document that in 2007 less than a quarter of firms are managed by women … about their effects on aggregate productivity and income in Chile. We find that the observed gender gaps in entrepreneurship … in Chile generate a fall in aggregate productivity and aggregate income of 7.5%. …
Persistent link: https://www.econbiz.de/10013172449
This paper investigates the relationship between public debt and economic growth in the context of a panel kink regression with latent group structures. The proposed model allows us to explore the heterogeneous threshold effects of public debt on economic growth based on unknown group patterns....
Persistent link: https://www.econbiz.de/10014507923
Persistent link: https://www.econbiz.de/10012619959
Capital reallocation between firms is procyclical and leads to variations in measured aggregate productivity. In this paper, we ask how much of the cyclical variation in measured productivity is the consequence of capital reallocation. We build a heterogeneous-firm model to study the effects of...
Persistent link: https://www.econbiz.de/10014496527
In this paper, we use survey data from the South Caucasus countries (Armenia, Azerbaijan, and Georgia) to document the presence of gender gaps in the labor market and examine its consequences. To do the analysis, we use a numerical general-equilibrium occupational choice model with heterogeneous...
Persistent link: https://www.econbiz.de/10015202392
The medium-term prospects for the German economy give little cause for optimism. In addition, demographic change will intensify in the current decade. A brightening of growth prospects can therefore only materialise with stronger investment and greater innovation momentum. However, it will...
Persistent link: https://www.econbiz.de/10014526216
Deutschland erlebt derzeit einen erheblichen Rückgang seines Produktionspotenzials. Wesentliche Ursache ist die demografische Alterung und insbesondere der Eintritt der geburtenstarken Jahrgänge (Baby-Boomer) in den Ruhestand. Das verfügbare Arbeitsvolumen wird darüber hinaus durch niedrige...
Persistent link: https://www.econbiz.de/10014511829
The main goal of this article is to contribute to the theoretical analysis of international trade under imperfect competition using the Cournot oligopoly model with heterogeneous firms. In particular, our objective is to provide some insights into the role of cost asymmetry in studying the...
Persistent link: https://www.econbiz.de/10015415058
In this paper we aim, first, to examine how an economy's financial development affects the welfare gains from trade and, second, to uncover how large firms threaten to suppress these gains, through the exertion of market power and their confirmed preferential access to liquidity. To this...
Persistent link: https://www.econbiz.de/10013499545