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Market Size or Acceleration Effects; Comparing Hy pothese s to Explain Skill Biased Technical Change
Sanders, Mark - 2005
Skill-biased technical change has occupied empirical economists for much of the 90s. However, the empirical literature has not progressed much beyond observing a positive correlation between technology indicators and demand shifts. Two hypotheses on the root causes of skill biases in technical...
Persistent link: https://www.econbiz.de/10010261506
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Government Aid to Firms : Cause or Cure of Misallocation?
Fakos, Alexandros - 2020
Governments in advanced and developing economies allocate capital subsidies to firms in a discretionary fashion through industrial policy or state aid. Do such discretionary policies mitigate or exacerbate the misallocation of resources across firms? This paper analyzes a typical EU policy using...
Persistent link: https://www.econbiz.de/10012846896
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What Determines the Elasticity of Substitution between Capital and Labor? A Literature Review
Knoblach, Michael - 2020
This paper provides the first comprehensive review of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function. By example of the U.S., we...
Persistent link: https://www.econbiz.de/10012850069
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Effective Labor Regulation and Microeconomic Flexibility
Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo … - 2004
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10010369131
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Effective labor regulation and microeconomic flexibility
Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo; … - 2004
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10011607672
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Effective Labor Regulation and Microeconomic Flexibility
Caballero, Ricardo J.; Engel, Eduardo M. R. A.; Cowan, Kevin - 2011
Microeconomic flexibility is at the core of economic growth in modern market economies because it facilitates the process of creative-destruction, The main reason why this process is not infinitely fast, is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10014070107
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The Comparative Analysis of Macro Economic Reasons and Consequences of Crisis in 1929 and 2008
Aras, Osman Nuri - 2012
This work comprises the comparative analysis of macro economic reasons and consequences of world economic crisis happened in 2008 which affected the economy of the world and the 1929 crisis the biggest that ever happened in the world. It is obvious that both of crises have common and different...
Persistent link: https://www.econbiz.de/10013098589
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Misallocation and Inequality
Guner, Nezih; Ruggieri, Alessandro - 2022
match formation. Distortions and frictions reduce employment, average firm size, and GDP per capita. They also affect how …
Persistent link: https://www.econbiz.de/10014083775
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The Economics of Employment Protection
Addison, John T.; Teixeira, Paulino - 2001
Empirical investigation of the labor market consequences of employment protection has mushroomed since Lazear's (1990 … mainly on dismissals protection, distinguishing between the themes of employment and unemployment development and labor … market dynamics proper. Our discussion of employment and unemployment largely deals with the effect of employment protection …
Persistent link: https://www.econbiz.de/10010262586
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The economics of employment protection
Addison, John T.; Teixeira, Paulino - 2001
Empirical investigation of the labor market consequences of employment protection has mushroomed since Lazear's (1990 … mainly on dismissals protection, distinguishing between the themes of employment and unemployment development and labor … market dynamics proper. Our discussion of employment and unemployment largely deals with the effect of employment protection …
Persistent link: https://www.econbiz.de/10011403997