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seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States … rigidities appear to be reducing Canada's capacity for creative destruction, hence undermining productivity growth. …
Persistent link: https://www.econbiz.de/10005263929
increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between …
Persistent link: https://www.econbiz.de/10011244125
This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...
Persistent link: https://www.econbiz.de/10005590857
sharp declines in employment rates for unskilled workers. The microeconomic evidence is shown to have important implications …
Persistent link: https://www.econbiz.de/10005599346
unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the … employment decisions of unemployed workers at different skill levels. …
Persistent link: https://www.econbiz.de/10005826626
the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …-à-vis other countries can in part be explained by the quick implementation of an employment subsidy program, a more flexible wage …
Persistent link: https://www.econbiz.de/10008839361
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the...
Persistent link: https://www.econbiz.de/10005768889
Jorda’s (2005) local projection methodology, we find that cumulative fiscal multipliers related to output, employment and …
Persistent link: https://www.econbiz.de/10011142040
Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...
Persistent link: https://www.econbiz.de/10005768647
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results … employment growth, including through sizable interaction effects. Based on these findings, the paper develops a theoretical …
Persistent link: https://www.econbiz.de/10005769319