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Using the work – leisure choice model, this paper computes equilibrium hours-worked for a number of Arab, non-oil-producing and labor-abundant countries and major oil-producing, tax-free and labor-scarce countries, for which actual data are unavailable. We estimate hours-worked for the G7, and...
Persistent link: https://www.econbiz.de/10008529312
We use the work-leisure choice model to compute equilibrium weekly hours worked for a number of Arab countries, where actual statistics are unavailable. We show that the labor supply curve is elastic in all Arab countries, and provide a new measure of labor productivity. This finding confirms...
Persistent link: https://www.econbiz.de/10011168457
We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We...
Persistent link: https://www.econbiz.de/10005787232