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that financial development has important consequences for efficiency and specialization (or diversification) of investments …
Persistent link: https://www.econbiz.de/10005858336
Showcasing data from all areas of the ILC program and other sources, Charting International Labor Comparisons is a gateway to explore how key labor market and other national economic measurements compare across countries. There are links to previous editions of the Chartbook of International...
Persistent link: https://www.econbiz.de/10005843291
This paper deals with endogenous determination of effort as a source of productivity growth. …
Persistent link: https://www.econbiz.de/10005841063
Using time-series cross-section data from the manufacturing sector of the 11Bundesländer from 1970 to 1993, we examine the impact of road infrastructure onprivate production applying three different approaches; i.e., a Cobb-Douglas production function, a translog production function and a...
Persistent link: https://www.econbiz.de/10005854866
This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an … it stabilized at about 1.1%. An analysis of company-level productivity rejects the claims that there was a regulation …-induced revival of productivity performance in the railway sector after 1900 but, on the other hand, it supports the claim that there …
Persistent link: https://www.econbiz.de/10005870949
In 2000, the Lisbon Agenda set out an ambitious plan to make the EuropeanUnion “the most dynamic and competitive knowledge-based economy inthe world”. The Agenda suggested a need for action on three broad fronts:the first explicitly macroeconomic; the second explicitly microeconomic;the third...
Persistent link: https://www.econbiz.de/10005870190
trends. Comparing productivity levels across countries is notoriously tricky, but one attractive approach has been to deflate …
Persistent link: https://www.econbiz.de/10005870209
We develop a stylized model of economic growth with bubbles. In this model, financial frictions leadto equilibrium dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive investors supply them. Because of this, bubbly...
Persistent link: https://www.econbiz.de/10005870349
Vorliegendes Arbeitspapier analysiert die Einflüsse intertemporaler Renditezusammenhänge und fester Startwerte in Vektorautoregressions-(VAR-) Modellen für stetige Renditen anhand des Vergleichs mit einem statischen Random-Walk-Modell.
Persistent link: https://www.econbiz.de/10005842330
Vorliegendes Arbeitspapier beschäftigt sich mit der Leistungserbringung bezogen auf die Kapitalanlagetätigkeit von Lebensversicherungsunternehmen. Dabei soll geklärt werden, ob überhaupt eine Leistung erbracht wird und ob diese Nutzen für den Kunden mit sich bringt.
Persistent link: https://www.econbiz.de/10005842363