Found 7 article(s) for author 'Employment'

Weathering the Great Recession: Variation in Employment Responses by Establishments and Countries

Weathering the Great Recession: Variation in Employment Responses by Establishments and Countries. Richard Freeman, July 2016, Paper, “This paper finds that US employment changed differently relative to output in the Great Recession and recovery than in most other advanced countries or in the US in earlier recessions. Instead of hoarding labor, US firms reduced employment proportionately more than output in the Great Recession, with establishments that survived the downturn contracting jobs massively. Diverging from the aggregate pattern, US manufacturers reduced employment less than output while the elasticity of employment to gross output varied widely among establishments. In the recovery, growth of employment was dominated by job creation in new establishments. The variegated responses of employment to output challenges extant models of how enterprises adjust employment over the business cycle.” Link

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Infrastructure for innovation

Infrastructure for innovation. Calestous Juma, June 26, 2015, Opinion, “Infrastructural development and technological innovation are both vital to Africa’s economic future. Policymakers are currently more focused on infrastructure; they should not forget its critical role in spurring innovation. Infrastructure is both the backbone for the economy but also the motherboard for technological innovation. Without adequate infrastructure, Africa’s economies cannot realise their full potential. The continent’s low economic performance and weak integration into the global economy is in part a result of inadequate infrastructure…Link

 

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Demand Side Secular Stagnation

Demand Side Secular Stagnation. Lawrence Summers, May 2015, Paper. “The experience of first Japan and now Europe and the USA suggests that Hansen’s concept of secular stagnation is highly relevant. Recovery has been anemic and follows a generation of financially unsustainable and often lackluster growth. Investment demand has declined while the supply of saving has increased, leaving the economy vulnerable to liquidity traps. Although some US indicators have improved, forward real rates have declined sharply, European prospects remain muddled, and the zero-bound will likely constrain again during the next recession...” Link

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Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines

Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines. Edward L. Glaeser, William R. Kerr, May 2015, Paper. “We study entrepreneurship and growth through the lens of U.S. cities. Initial entrepreneurship correlates strongly with urban employment growth, but endogeneity bedevils interpretation. Chinitz (1961) hypothesized that coal mines near cities led to specialization in industries, like steel, with significant scale economies and that those big firms subsequently damped entrepreneurship across several generations. Proximity to historical mining deposits is associated with reduced…” Link

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Informal Tradables and the Employment Growth of Indian Manufacturing

Informal Tradables and the Employment Growth of Indian Manufacturing. William R. Kerr, March 2015, Paper. “India’s manufacturing growth from 1989 to 2010 displays two intriguing properties: 1) a substantial fraction of absolute and net employment growth is concentrated in informal tradable industries, and 2) much of this growth is connected to the development of one-person establishments. This paper investigates the causes and determinants of these growth patterns. The rapid urbanization of the informal sector plays the strongest role, while there is some evidence for subcontracting by the formal sector and a “push” entrepreneurship story. The paper also finds modest connections of this growth to rising female...” Link

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Fiscal Policy and Full Employment

Fiscal Policy and Full Employment. Lawrence Summers, April 2, 2014, Paper. “At present and going forward, activist fiscal policy is likely to be essential for the American economy to operate near potential levels of output and employment. This conclusion is a substantial change in view from the near-consensus of economists that monetary policy alone could and should be left to carry out the stabilization policy mission, a view that prevailed for nearly a generation prior to the 2008 financial crisis…” Link

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The Consequences of Entrepreneurial Finance: Evidence from Angel Financings

The Consequences of Entrepreneurial Finance: Evidence from Angel Financings. William R. Kerr, January 2014, Paper. “This paper documents that ventures that are funded by two successful angel groups experience superior outcomes to rejected ventures: they have improved survival, exits, employment, patenting, web traffic, and financing. We use strong discontinuities in angel funding behavior over small changes in their collective interest levels to implement a regression discontinuity approach. We confirm the positive effects for venture operations…” Link Verified October 11, 2014

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