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Public Support for Innovation, Intangible Investment and Productivity Growth in the UK Market Sector

Haskel, Jonathan; Wallis, Gavin - Institute for the Study of Labor (IZA) - 2010

Pressure on public finances has increased scrutiny of public support for innovation. We examine two particular issues … innovation policy should focus on direct spending on research councils. …

Persistent link: https://www.econbiz.de/10008615440

Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants

Eslava, Marcela; Haltiwanger, John; Kugler, Adriana; … - Institute for the Study of Labor (IZA) - 2005

In this paper, we analyze employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labor but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing Survey,...

Persistent link: https://www.econbiz.de/10005703671

Knowledge Spillovers, ICT and Productivity Growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - Institute for the Study of Labor (IZA) - 2014

This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...

Persistent link: https://www.econbiz.de/10010790516

Labor Market Institutions, Wages, and Investment

Pischke, Jörn-Steffen - Institute for the Study of Labor (IZA) - 2004

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

Persistent link: https://www.econbiz.de/10005566412

An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector

Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - Institute for the Study of Labor (IZA) - 2009

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole …-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we … could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second …

Persistent link: https://www.econbiz.de/10005761737

Investment Crowding-Out and Labor Market Effects of Financialization in the U.S.

González, Ignacio; Sala, Hector - Institute for the Study of Labor (IZA) - 2013

This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization appears as a key determinant of capital accumulation which,...

Persistent link: https://www.econbiz.de/10010959689

On the Relationship between Public and Private Investment in the Euro Area

Dreger, Christian; Reimers, Hans-Eggert - Institute for the Study of Labor (IZA) - 2014

This paper explores the long run relationship between public and private investment in the euro area in terms of capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While private and public capital stocks are cointegrated, the...

Persistent link: https://www.econbiz.de/10010751643

The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective

Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2008

chain reaction theory (CRT). We show that unemployment may not gravitate towards its natural rate due to frictional growth …

Persistent link: https://www.econbiz.de/10005763529

The Macroeconomics of the Labor Market: Three Fundamental Views

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006

frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While …

Persistent link: https://www.econbiz.de/10005763692

Labor Productivity and Vocational Training: Evidence from Europe

Sala, Hector; Silva, José I. - Institute for the Study of Labor (IZA) - 2011

In this paper we show that vocational training is an important determinant of productivity growth. We construct a multi-country, multi-sectoral dataset, and quantify empirically to what extent vocational training has contributed to increase the growth rate of labor productivity in Europe between...

Persistent link: https://www.econbiz.de/10009369103