Have jobs and wages stopped rising? Productivity and structural change in advanced countries

Compagnucci, Fabiano; Gentili, Andrea; Valentini, Enzo; Gallegati, Mauro

doi:10.1016/j.strueco.2018.07.003

Cited by 9 publications

(4 citation statements)

References 30 publications

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“…They mentioned that agricultural productivity growth induces structural transformation and brings changes in skilled labor demand. Another study finding by Compagnucci et al (2018) suggested that different economic sectors specifically contributed to the productivity change in accordance with their technological and knowledge intensity. Carmignani and Mandeville (2014) discussed the element of structural transformation in the African economy.…”

Section: Literature Reviewmentioning

confidence: 99%

Structural Transformation and Impact of Oil Price Change in Saudi Arabia Economy: Input-Output Structural Decomposition Analysis

Yasmin¹

2020

SJKFU

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Structural change and economic growth processes have various impacts on micro and macroeconomic levels. The current study aims to shed light on various aspects of sectoral changes in the Saudi Arabian economy due to oil price shocks with profound effects on economic growth and various sectors. This paper re-attempts to explore the various sectoral changes by using an input-output structural decomposition analysis for 2010 to 2015. The main focus is on changes in the economic structure of Saudi Arabia, which has decomposed in three components, namely intermediate, technical, and total output with different levels and plans. The main findings show that since 2010 there has been a remarkable change in the production process and sectoral performance. From a policy aspect, it seems that the economy has moved fast enough forward and displays changes oriented by new policies and diversification plans. Moreover, the economy may show dynamic sustainable economic development, especially with new fiscal plans. Educational development is also one of the key initiatives in Saudi Arabia to enhance economic performance with structural change.

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Section: Literature Reviewmentioning

confidence: 99%

Structural Transformation and Impact of Oil Price Change in Saudi Arabia Economy: Input-Output Structural Decomposition Analysis

Yasmin¹

2020

SJKFU

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“…2 and then aggregated according to the nomenclature proposed by IFR. For more detail about the aggregation methods used for territorial and sectoral breakdowns, see Compagnucci et al ( 2021 ).…”

Section: Robotization In European Regionsmentioning

confidence: 99%

Robotization, employment, and income: regional asymmetries and long-run policies in the Euro area

et al. 2023

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This work correlates the impact of robotization on employment and households’ income at the regional scale with the level of investment in R&D and education policies. This kind of policy, by raising the qualitative and quantitative levels of human capital, contributes to improving the complementarity effect between humans and robots, thus mitigating the substitution effect. To this end, we compute the Adjusted Penetration of Robots (APR) (a metric used to measure the extent to which robots are being used in a particular industry or sector) at the sectoral level, combining the International Federation of Robotics database for the stock of robots, EUROSTAT Regional database, and the STructural ANalysis database on 150 NUTS-2 regions of the Euro area. We then perform a spatial stacked-panel analysis on the investment in R&D and education level. Results supports the idea that regions that invest more in R&D and have higher levels of human capital can turn the risk of robotization into an increase in both income and "quantity of work," by enhancing complementarity between robots and the labor force. On the contrary, regions investing less in R&D and having lower levels of human capital may suffer a reduction in households’ disposable income.

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“…Developing countries usually already possess plenty of labor, but lack of capital. Hence, a country may enjoy higher productivity gain if additional capital is provided (Compagnucci et al, 2018).…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

Country Tax Regime And Firm Debt Financing

Then¹,

Gunawan²,

Fong³

et al. 2019

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The ASEAN country’s tax regime can be distinguished into the classical tax regime (Indonesia, Thailand, and Philippines) and integrated tax regime (Singapore, Malaysia, and Vietnam). This paper aims to understand the effect of the different tax regimes to firm debt financing policy. We analyze the effects of different tax regimes using the cross section regression method. The dependent variable is Debt to Equity Ratio, the independent variable is proxied by a dummy variable with the classical tax regime are defined as 1 and the integrated tax regime are defined as 0, and firms’ characteristics, as a control variable: Net Property Plan and Equipment to Total Asset Ratio, One Year Sales Growth, Price to Book Value Ratio, and Earnings before Interest, Taxes, Depreciation and Amortization to Total Asset Ratio. Since the classical tax regime has higher tax rates relative to the integrated tax regime, firm operating in the classical tax regime able to experience the same debt tax saving using lower debt financing relative to firm operating in the integrated tax regime. Keywords: ClassicalTtax Regime; Integrated Tax Regime; Debt Tax Saving; Debt Financing; ASEAN Country

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Have jobs and wages stopped rising? Productivity and structural change in advanced countries

Cited by 9 publications

References 30 publications

Structural Transformation and Impact of Oil Price Change in Saudi Arabia Economy: Input-Output Structural Decomposition Analysis

Structural Transformation and Impact of Oil Price Change in Saudi Arabia Economy: Input-Output Structural Decomposition Analysis

Robotization, employment, and income: regional asymmetries and long-run policies in the Euro area

Country Tax Regime And Firm Debt Financing

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