Similar Search Results

Is Baumol's Cost Disease Really a Disease? Healthcare Expenditure and Factor Reallocation

Rude, Johanna; Weber, Lukas - 2024

Expenditures on healthcare and employment in the healthcare sector have been steadily increasing across OECD countries for many years. This shift of expenditure and employment towards a consistently found to be less productive sector has often been associated with the idea of Baumol’s (1967)...

Persistent link: https://www.econbiz.de/10015213432

Demographic Change, Automation and the Role of Education

Rude, Johanna - 2024

This paper analyzes the relationship between demographic change and automation while taking the role of education into account. This is illustrated by incorporating skilled and unskilled labor into a theoretical model. If labor supply by households decreases, for example, due to demographic...

Persistent link: https://www.econbiz.de/10015213434

The great dissolution: organization capital and diverging volatility puzzle

Che, Natasha Xingyuan - 2009

Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US firms has been increasing during the same period....

Persistent link: https://www.econbiz.de/10015215845

Oil price shocks and their short- and long-term effects on the Chinese economy

Tang, Weiqi; Wu, Libo; Zhang, ZhongXiang - 2009

A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper attempts to fill this gap by answering how and to what...

Persistent link: https://www.econbiz.de/10015216538

Nonconvex Margins of Output Adjustment and Aggregate Fluctuations

Sustek, Roman - 2009

In most manufacturing industries output is adjusted in a lumpy way along three margins: shiftwork, weekend work, and closing a plant temporarily down. We incorporate such decisions into a dynamic general equilibrium model and study: (i) if such micro-level nonconvexities magnify business cycles;...

Persistent link: https://www.econbiz.de/10015218302

Input and Output Inventories in the UK

Tsoukalas, John - 2009

What is the role of inventories in UK manufacturing? We present and estimate a model of inventories that considers … separately finished goods and input (i.e. the sum of raw materials and work-in-process) inventories. We estimate structural … parameters which allows us to make inferences on the role of inventories in cyclical frequencies. Our results suggest that both …

Persistent link: https://www.econbiz.de/10015219108

Sectoral Structural Change in a Knowledge Economy

Che, Natasha Xingyuan - 2009

The sectoral composition of US economy has shifted dramatically in the recent decades. At the same time, knowledge and information capital has become increasingly important in modern production process. This paper argues that a ready explanation for the recent sectoral structural change lies in...

Persistent link: https://www.econbiz.de/10015219819

Sectoral Structural Change in a Knowledge Economy

Che, Natasha Xingyuan - 2009

The sectoral composition of the US economy has shifted dramatically in the recent decades. At the same time, knowledge and information capital has become increasingly important in modern production processes. This paper argues that a ready explanation for the recent sectoral structural change...

Persistent link: https://www.econbiz.de/10015219903

Examining the Performance of Oman’s Economy

Razzak, Weshah - 2020

We examine the economic performance of Oman’s economy over the period from 1998 to 2016, where data are readily available. Our focus is on the performance of the non-hydrocarbon sector (NHC sector) relative to the hydrocarbon sector (HC sector), nominal versus real GDP growth, productivity...

Persistent link: https://www.econbiz.de/10015220614

Investments model development with the system dynamic method

Skribans, Valerijs - 2010

In the paper model of macroeconomic turnover and its possibilities for investments modelling are shown. The model consists from four blocks: in the first the theoretical model is described. In the second the model is reflected in accordance with the requirements of system dynamics method, there...

Persistent link: https://www.econbiz.de/10015224597