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This paper tests the pro-competitive effect of trade in the product and labour markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10011377465
This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10003339773
This paper tests the pro-competitive effect of trade in the product and labour markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10012719758
This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10013317547
Persistent link: https://www.econbiz.de/10010202230
Europe has witnessed the last decade an accelerated process of economic integration. Trade barriers were removed, the euro was introduced and ten new member states entered the European Union. Economic integration is likely to have an impact on both labor and product markets. Unlike most other...
Persistent link: https://www.econbiz.de/10011622343
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes … that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with … Geweke to disentangle the relationship between pay and productivity. There already has been empirical evidence that pay …
Persistent link: https://www.econbiz.de/10001545528
consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that East German … data predicts ten percent lower aggregate labor productivity in East Germany …
Persistent link: https://www.econbiz.de/10014578387
show that they increase with firm's output and market size. We find that wage rises with firm's productivity, but fall with …
Persistent link: https://www.econbiz.de/10012221390
Europe has witnessed the last decade an accelerated process of economic integration. Trade barriers were removed, the euro was introduced and ten new member states entered the European Union. Economic integration is likely to have an impact on both labor and product markets. Unlike most other...
Persistent link: https://www.econbiz.de/10013137344