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Over the last decades, productivity in the tradable sector rose substantially, while in the non-tradable sector, output … duality in higher education as well as heterogeneous ability of individuals can explain the differences in labor productivity … can explain that despite an increase in human capital in both sectors, there is still a gap in productivity. In other …
Persistent link: https://www.econbiz.de/10012057419
How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their … productivity and to overcome certain market frictions. Our model generates a number of theoretical testable predictions and …
Persistent link: https://www.econbiz.de/10012389582
international awards for innovation were higher near universities. …
Persistent link: https://www.econbiz.de/10013479452
The outbreak of COVID-19 brought back to the forefront the crucial importance of structural change and productive development for economic resilience to economic shocks. Several recent contributions have already stressed the perverse relationship that may exist between productive backwardness...
Persistent link: https://www.econbiz.de/10014322564
Growth of per-capita income is associated with (i) significant shifts in the sectoral economic structure, (ii) systematic changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic expenditure structure difference between rich and poor households....
Persistent link: https://www.econbiz.de/10010316847
the aggregate level, there is only little work on convergence and/or diver- gence processes of productivity and wage … countries. In the first theoretical part, we discuss some theoretical aspects of uneven sectoral productivity and wage catching … study of catching-up of wages, productivity, and labour unit costs. The analysis is conducted at the industrial level (ISIC …
Persistent link: https://www.econbiz.de/10010294574
In this paper, we present some striking facts learned from a random subsampling of the global database of retracted academic papers, which have not been reported before and not discussed in the recent (famous) paper in Science by Brainard and You (Science 2019, doi:10.1126/science.aav8384). Our...
Persistent link: https://www.econbiz.de/10012865803
This paper shows that countries with high levels of "elitism" in higher-education are the countries displaying high levels of inequality. In other words, a higher level of "elitism", i.e., large gap in quality of universities, and tight selection in top universities leads to a wider gap in wages...
Persistent link: https://www.econbiz.de/10012057425
This research explores the effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth, the study establishes that while the adoption of industrial technology was conducive to economic...
Persistent link: https://www.econbiz.de/10012058637
The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that in contrast to conventional wisdom that views early industrialization as a predominantly...
Persistent link: https://www.econbiz.de/10011526713