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Author : Eric T. Swanson
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (642 download)
Download or read book Models of Sectoral Reallocation written by Eric T. Swanson and published by . This book was released on 1999 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eric Swanson
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (848 download)
Download or read book Models of Sectoral Reallocation written by Eric Swanson and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eric V. Swanson
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.E/5 ( download)
Download or read book Models of Sectoral Reallocation written by Eric V. Swanson and published by . This book was released on 1999 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Models of Sectoral Reallocation written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Federal Reserve Board presents the full text of the February 24, 1999 paper entitled "Models of Sectoral Reallocation," written by Eric T. Swanson. The text is available in PDF format and the paper is part of the Finance and Economics Discussion Series. This paper demonstrates several strengths and shortcomings of models of sectoral reallocation and offers a solution to the problem in the form of variable sectoral capital utilization, the marginal product of which can differ across sectors in steady state.
Author : Laura R. Pilossoph
Publisher :
ISBN 13 : 9781303229138
Total Pages : 70 pages
Book Rating : 4.2/5 (291 download)
Download or read book A Multisector Equilibrium Search Model of Labor Reallocation written by Laura R. Pilossoph and published by . This book was released on 2013 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is well documented that some unemployment is caused by slow intersectoral labor reallocation. Whether or not the contribution of sectoral reallocation to unemployment responds to increases in the dispersion of sectoral shocks is less clear. In this paper, I argue that the answer to this question depends crucially on how we think about intersectoral worker flows. In a model where gross worker flows exceed net worker flows, shocks that require net reallocation may have little impact on the total number of movers. Relatively unproductive sectors experience an increase in the outflow of labor, while relatively productive sectors experience a decline in the outflow of labor. In the aggregate, the effect on the total number of movers is ambiguous - only a structural model can predict which force will dominate. To this end, I develop a multisector search model of intersectoral labor reallocation that features gross flows in excess of net flows. In a two-sector calibration of the model to construction and non-construction, I examine how the dispersion of sectoral shocks during the Great Recession contributed to unemployment due to frictional intersectoral mobility. Contrary to a long-standing argument articulated in Lilien (1982), the dispersion of shocks hardly increased unemployment due to sectoral reallocation. Consistent with the argument outlined above, while the outflow of labor from construction increased, the inflow decreased relative to the benchmark in which shocks are symmetric.
Author : Christopher Phillip Reicher
Publisher :
ISBN 13 :
Total Pages : 63 pages
Book Rating : 4.:/5 (741 download)
Download or read book The Aggregate Effects of Long Run Sectoral Reallocation written by Christopher Phillip Reicher and published by . This book was released on 2011 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eric Thomas Sven Swanson
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.F/5 ( download)
Download or read book Individual and Sectoral Heterogeneity, Reallocation, and Aggregate Fluctuations written by Eric Thomas Sven Swanson and published by . This book was released on 1998 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Esther Eiling
Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (13 download)
Download or read book Sectoral Labor Reallocation and Return Predictability written by Esther Eiling and published by . This book was released on 2018 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sectoral labor reallocation shocks change the optimal allocation of workers across industries. We find that a proxy for this type of labor market shocks has very strong and robust predictive power for future stock market returns. In predictive regressions, the one-year out-of-sample R2 is as high as 14.88%. We propose a production-based asset pricing model that links the return predictability to time-varying labor adjustment costs. When human capital is tied to the industry, hiring workers from other industries involves more search and training costs. Hence, sectoral reallocation shocks lead to lower returns to hiring and therefore lower future stock returns.
Author : Jeremy Greenwood
Publisher : London, Ont. : Department of Economics, University of Western Ontario
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Cyclical Behavior of Job Creation and Job Destruction written by Jeremy Greenwood and published by London, Ont. : Department of Economics, University of Western Ontario. This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kwang Suk Kim
Publisher : BRILL
ISBN 13 : 1684172195
Total Pages : 224 pages
Book Rating : 4.6/5 (841 download)
Download or read book Growth and Structural Transformation written by Kwang Suk Kim and published by BRILL. This book was released on 2020-03-17 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
Author : Rajendra Prasad Bodepudi
Publisher :
ISBN 13 :
Total Pages : 306 pages
Book Rating : 4.:/5 (18 download)
Download or read book The Impact of the Mahalanobis Two-sector Planning Model on Labor Reallocation in India (1950-69) written by Rajendra Prasad Bodepudi and published by . This book was released on 1972 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William R Cline
Publisher : Columbia University Press
ISBN 13 : 0881324809
Total Pages : 203 pages
Book Rating : 4.8/5 (813 download)
Download or read book Global Warming and Agriculture written by William R Cline and published by Columbia University Press. This book was released on 2007-07-30 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will global warming affect developing countries, which rely heavily on agriculture as a source of economic growth? William Cline asserts that developing countries have more at risk, such as their production capacity, than industrial countries as global warming worsens. Using general circulation models, Cline boldly examines 2071–99 to forecast the effects of global warming and its economic impact into the next decade. This detailed study outlines existing studies on climate change; Cline finds the Stern Report for the UK government's estimates most reliable; estimates projected changes in temperature, precipitation, and agricultural capacity; and concludes with policy recommendations. Cline finds that agricultural production in developing countries may fall an average of 16 percent, and if global warming progresses at its current rate, India's agricultural capacity could fall as much as 40 percent. Thus, policymakers should address this phenomenon now before the world's developing countries are adversely and irreversibly affected.
Author : Haris Doukas
Publisher : Springer
ISBN 13 : 3030031527
Total Pages : 271 pages
Book Rating : 4.0/5 (3 download)
Download or read book Understanding Risks and Uncertainties in Energy and Climate Policy written by Haris Doukas and published by Springer. This book was released on 2018-12-10 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.
Author : Alistair Dieppe
Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Author : Sangyup Choi
Publisher : International Monetary Fund
ISBN 13 : 1498356303
Total Pages : 26 pages
Book Rating : 4.4/5 (983 download)
Download or read book Uncertainty and Unemployment written by Sangyup Choi and published by International Monetary Fund. This book was released on 2015-02-23 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a “wait-and-see” mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors.
Author : Vasileios Zeimpekis
Publisher : Springer
ISBN 13 : 3319120751
Total Pages : 180 pages
Book Rating : 4.3/5 (191 download)
Download or read book Military Logistics written by Vasileios Zeimpekis and published by Springer. This book was released on 2014-11-25 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights recent advances in the development of effective modeling and solution approaches to enhance the performance of military logistics. It seeks to further research in global defense-related topics, including military operations, governmental operations and security, as well as nation support. Additionally its purpose is to promote the global exchange of information and ideas amongst developers and users of military operations research tools and techniques. Over the course of its nine chapters, this edited volume addresses significant issues in military logistics including: a) Restructuring processes via OR methods aimed at improving the efficiency and effectiveness of the military logistics, b) Sense-and-Respond logistics prediction and coordination techniques that provide competitive advantage, spanning the full range of military operations across the strategic, operational and tactical levels of war, c) Procurement and auctioning, d) Inventory and stock control theories and applications, e) Military transport and logistical equipment, and, f) Maintenance, repair and overhaul on operational capability in general and equipment availability. The book aims to bridge the gap between the abundant literature on commercial logistics and its scarce defense & combat counterpart. This collection of useful insights into new trends and research will offer an ideal reference for practitioners and army related personnel interested in integrating scientific rigor to improve logistics management within defense organizations & agencies. Ultimately this book should provide a relevant platform for the latest contributions of operations management, operations research, and computational intelligence towards the enhancement of military logistics.
Author : Tito Boeri
Publisher : Oxford University Press
ISBN 13 : 9780198293651
Total Pages : 258 pages
Book Rating : 4.2/5 (936 download)
Download or read book Structural Change, Welfare Systems, and Labour Reallocation written by Tito Boeri and published by Oxford University Press. This book was released on 2000-10-19 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the interaction between labour and social policies, showing the crucial role labour plays in both the scope and the speed of transition. By including the influence of education systems, institution-building, and policy-enforcement mechanisms, this book goes beyond previous studies of the transition experience to provide a detailed analysis of the many contributing factors to the success or failure of the transition process.
