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role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10010269571
in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to … Medoff are clearly correct that union productivity effects vary substantially across workplaces. Their conclusion that union …
Persistent link: https://www.econbiz.de/10010261606
things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …
Persistent link: https://www.econbiz.de/10010267663
develops a theoretical model to analyse the possible effects, and presents an empirical application using productivity data for … productivity growth. As the knowledge transferred through business visits is non-rival, both countries of origin and destination …
Persistent link: https://www.econbiz.de/10010268837
This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...
Persistent link: https://www.econbiz.de/10010289844
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …
Persistent link: https://www.econbiz.de/10010261921
labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may … productivity. …
Persistent link: https://www.econbiz.de/10010265548
Governments the world over offer significant inducements to attract inward investment, motivated by the expectation of … productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a … spillover benefits to augment the primary benefits of a boost to national income from new investment. This paper begins by …
Persistent link: https://www.econbiz.de/10010265405
documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate …
Persistent link: https://www.econbiz.de/10010276258
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10010282320