Showing 1 - 10 of 12
China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by...
Persistent link: https://www.econbiz.de/10012467008
We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring skilled and unskilled labor, detailed region-specific demographics and fiscal policies. Eliminating the model's U.S. corporate income tax produces rapid and dramatic increases in...
Persistent link: https://www.econbiz.de/10012458906
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10012473353
policies in promoting growth of output and privately funded R&D investment in US manufacturing industries. Publicly financed R …
Persistent link: https://www.econbiz.de/10012473830
Numerous studies on production and cost, the sources of productivity and studies on endogenous growth have recognized the pivotal role of the physical capital stock. Also there is a clear recognition by economists and policy makers that knowledge capital approximated by R&D capital is crucial...
Persistent link: https://www.econbiz.de/10012474349
The purpose of this paper is to estimate a model that incorporates the effects of financial decisions on production, profitability, and productivity growth. Asymmetric information generates agency costs of debt and signaling benefits of dividends which then influence production decisions. The...
Persistent link: https://www.econbiz.de/10012474651
structure and productivity performance of twelve two-digit U.S. manufacturing industries. The results suggest that there are … significant productive effects from these two types of capital. Their effects on the cost structure vary across industries and … each industry and estimate the 'social' rates of return to these capitals for the industries in their sample …
Persistent link: https://www.econbiz.de/10012475102
The paper analyzes the production structure and the demand for inputs in three major industrialized countries, the U.S., Japan and Germany. A dynamic factor demand model with two variable inputs (labor and energy)and two quasi-fixed inputs (capital and R&D) is derived directly from an...
Persistent link: https://www.econbiz.de/10012477833
This paper is an attempt to assess the contribution of R&D to growth of output in U.S. manufacturing industries. The …-section data for the manufacturing industries. Also, the factors determining the rate of growth of R&D expenditures in the 1958 …, total durable, and total nondurable industries. Potential growth of output is affected because of the slowdown of growth of …
Persistent link: https://www.econbiz.de/10012478788
-level approaches to estimate the size of (a) employment losses in directly exposed manufacturing industries, (b) employment effects in … indirectly exposed upstream and downstream industries inside and outside manufacturing, and (c) the net effects of conventional …
Persistent link: https://www.econbiz.de/10012458271