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The European Union (EU) accepted ten new member states (NMS) in 2004. These countries, mostly former socialist countries, have had to adjust their economic policies to the EU’s standards. Perhaps most difficult has proven to be fiscal policy whereby NMS must comply with the Stability and...
Persistent link: https://www.econbiz.de/10003110155
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade … liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on … firms experience productivity gains from reducing input tariffs if trade intermediation of foreign inputs within their …
Persistent link: https://www.econbiz.de/10012138753
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011646840
productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial …
Persistent link: https://www.econbiz.de/10011295798
endowments and productivity, relative factor costs emerge as a source of real-income variation across countries. These are shaped … "residual" productivity required to explain the observed per-capita income differences by more than one half. …
Persistent link: https://www.econbiz.de/10011892529
evidence for sequential sorting into different export-modes according to firm productivity: i) only the most productive firms …
Persistent link: https://www.econbiz.de/10010391833
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
Persistent link: https://www.econbiz.de/10010252126
aggregate structural change. Rising manufacturing productivity and falling international trade costs further contribute to the … growth of large services firms in the densest urban areas, boosting services productivity and services exports, but also land …
Persistent link: https://www.econbiz.de/10014442769
pandemic wave) was associated with declines in consumption (-1.9%), investment (-1.2%), output (-2.4%), and productivity (-1 …
Persistent link: https://www.econbiz.de/10012308629
fixed offshoring costs. In the skill-abundant country, high-productivity firms offshore a larger range of labor …-intensive inputs to the labor-abundant countries than low-productivity firms. Differently from the traditional versions of factor … intensity across firms that is positively correlated with firm productivity. Using French firm-level data for the years 1996 to …
Persistent link: https://www.econbiz.de/10011346866