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parsimonious. Estimation based on Functional Gradient Descent is computationally feasible also in very large dimensions without …
Persistent link: https://www.econbiz.de/10005858366
This paper examines patterns of structural change and labour productivity growth in the late nineteenth-century Habsburg Empire. Using shift-share analysis and a set of basic measures to account for the contribution of physical and human capital growth, it seeks to address three questions:...
Persistent link: https://www.econbiz.de/10005870560
Theory predicts that mandated employment protections may reduce productivity by distortingproduction choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiringbelow efficient levels and retain unproductive workers, both of which should affectproductivity. These theoretical...
Persistent link: https://www.econbiz.de/10008939768