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This paper computes sectoral contributions to real labour productivity growth in Malta during the two decades since … 2000. The aim is to give an account of the sectoral developments affecting Malta's productivity growth in the twenty years … technique developed by Tang and Wang (2004), which allows for the decomposition of sectoral productivity growth into efficiency …
Persistent link: https://www.econbiz.de/10012601037
The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...
Persistent link: https://www.econbiz.de/10003799513
's (1982) model of learning in a setting where each firm gradually learns about its own productivity, and each occasionally …
Persistent link: https://www.econbiz.de/10011401309
As a form of investment, the importance of capital reallocation between firms has been increasing over time, with the purchase of used capital accounting for 25% to 40% of firms total investment nowadays. Cross- firm reallocation of used capital also exhibits intriguing business-cycle...
Persistent link: https://www.econbiz.de/10011911555
inflation expectations to income growth expectations for the average consumer, with considerable heterogeneity in pass …-through associated with sociodemographic factors. The results also indicate that higher inflation expectations cause an increase in … inflation and expected utility. Taken together, the survey results and model analysis provide a labor market account of why …
Persistent link: https://www.econbiz.de/10015179672
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in the long-run. It finds that when the labor market is affected by downward nominal wage rigidity, this relationship goes beyond the tradeoff between the first moments of...
Persistent link: https://www.econbiz.de/10012429726
In light of increasingly "smarter" technologies, the future of (human) labour is questioned on a daily basis. A study by Frey and Osborne (2013), one of the most recognised contributions in this domain, estimated that half of the US labour force is highly susceptible to computerisation in the...
Persistent link: https://www.econbiz.de/10011790864
, focusing on its potential to enhance productivity and mitigate labour shortages. Employing detailed administrative data and … shortages and enhance productivity. However, outcomes vary substantially across sectors and organisational types, driven by …
Persistent link: https://www.econbiz.de/10015358930
This paper uses a model of intergenerational accounting to simulate the intergenerational distribution of oil wealth in Venezuela. Venezuelan oil production does not seem to follow an optimal extraction path. Nevertheless, this is true if we do not consider what the government does with the...
Persistent link: https://www.econbiz.de/10012583980
firms explains the negative relationship between aggregate trade credit growth and in inflation in the data. A tractable New …
Persistent link: https://www.econbiz.de/10011913236