发布求助
文献互助 智能选刊 最新文献

Manchester School最新文献

筛选
英文 中文
Closing the productivity gap with the US: Causes and consequences of the productivity program in Western Europe 缩小与美国的生产力差距：西欧生产力计划的前因后果
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-02-27 DOI: 10.1111/manc.12473
Michela Giorcelli
{"title":"Closing the productivity gap with the US: Causes and consequences of the productivity program in Western Europe","authors":"Michela Giorcelli","doi":"10.1111/manc.12473","DOIUrl":"10.1111/manc.12473","url":null,"abstract":"<p>This paper studies to what extent the transfer of US managerial technologies to Europe after World War II contributed to closing the gap with US businesses. Between 1952 and 1958, the US government sponsored the Productivity Program, which promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France, Germany, and Italian participating firms, I first document that these companies claimed between 5% and 10% yearly productivity increase thanks to the program. The fact that European businesses were not forced to adopt the American management model, but could adapt it to their firm needs and existing business practices was a key aspect of the program's success. Second, using data on US and Italian participating firms' performance I show that Italian firms grew on average 7.8 percent faster than that of US companies in the 10 years after the start of the program. Moreover, the distribution of productivity of Italian and US firms became more similar over years, confirming a performance convergence between these companies.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 4","pages":"426-442"},"PeriodicalIF":1.1,"publicationDate":"2024-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140026020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Housing market, oil prices, and macroeconomic volatility in the G7 七国集团的住房市场、石油价格和宏观经济波动
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-02-23 DOI: 10.1111/manc.12474
Luccas Assis Attílio
{"title":"Housing market, oil prices, and macroeconomic volatility in the G7","authors":"Luccas Assis Attílio","doi":"10.1111/manc.12474","DOIUrl":"10.1111/manc.12474","url":null,"abstract":"<p>In this paper, we investigate house price shocks on the macroeconomic variables (financial market, inflation, and real sector) of the G7 economies. We use the GVAR to capture the spillover effects from the U.S. housing market and oil prices on these economies from 1991M3–2022M10. We identify the U.S. house price shock using the Structural Generalized Impulse Response Function, house supply and demand variables, and regional divergence. We find that the domestic stock markets and industrial production are the most sensitive to house price shocks. We further compare the importance of house and oil prices on domestic fluctuations. The estimates reinforce the previous findings: U.S. house prices are responsible for a quarter of the domestic volatility of the stock markets and industrial production. In the other macroeconomic segments, the effects of house prices are present, but in lower values. Our results show that house prices provoke more domestic fluctuations than oil prices. Finally, we also found that short and long-term credit markets, as well as stock markets, transmit the house price shock to industrial production. Consequently, we provide potential channels to comprehend the spillover effect of U.S. house prices on international markets.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 4","pages":"397-425"},"PeriodicalIF":1.1,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139955569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Institutional factors influencing productivity in medieval England: A case study of tin, lead and silver mining 影响中世纪英格兰生产力的制度因素：锡、铅和银矿开采案例研究
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-02-08 DOI: 10.1111/manc.12472
Catherine Casson, Mark Casson
{"title":"Institutional factors influencing productivity in medieval England: A case study of tin, lead and silver mining","authors":"Catherine Casson,&nbsp;Mark Casson","doi":"10.1111/manc.12472","DOIUrl":"10.1111/manc.12472","url":null,"abstract":"<p>This paper fills a gap in recent literature on productivity and regional development by examining the determinants of productivity in primary industries in English regions during the Middle Ages. It provides a comprehensive review of relevant literature on the tin, lead and silver mining industries in Medieval England. Modern studies of productivity typically focus on technology, labour skills, unionization and regional economic infrastructure as key determinants of productivity growth and focus on high-technology manufacturing industries This study of medieval mining, however, focuses on extractive industries in which advanced technologies played only a limited role. The paper shows that alternative factors contributed to the productivity of medieval mining including royal policy, the location of deposits and fluctuations in demand. Technology, investment in training and worker activism had, in contrast, little impact.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 4","pages":"383-396"},"PeriodicalIF":1.1,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12472","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139852613","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Bertrand-Cournot profit reversal under non-commitment process innovation 非承诺流程创新下的伯特兰-库诺利润逆转
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-02-07 DOI: 10.1111/manc.12471
Qidi Zhang, Leonard F. S. Wang, Arijit Mukherjee
{"title":"Bertrand-Cournot profit reversal under non-commitment process innovation","authors":"Qidi Zhang,&nbsp;Leonard F. S. Wang,&nbsp;Arijit Mukherjee","doi":"10.1111/manc.12471","DOIUrl":"10.1111/manc.12471","url":null,"abstract":"<p>We provide a new reason for Bertrand-Cournot profit reversal. In a symmetric oligopoly, we show that firms get higher profits under Bertrand competition compared to Cournot competition under non-commitment process innovation if the products are sufficiently differentiated and there is positive knowledge spillover. As the number of firms increases, the degree of product differentiation over which the profits are higher under Bertrand competition can increase. Higher outputs under Bertrand competition compared to Cournot competition generate higher R&amp;D investments under the former than the latter, which is responsible for our result.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 4","pages":"371-382"},"PeriodicalIF":1.1,"publicationDate":"2024-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12471","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139856217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Commercial policies, unilateral versus bilateral foreign ownership, and welfare 商业政策、单边与双边外国所有权以及福利
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-01-11 DOI: 10.1111/manc.12468
Yang-Ming Chang, Quan Dong
{"title":"Commercial policies, unilateral versus bilateral foreign ownership, and welfare","authors":"Yang-Ming Chang,&nbsp;Quan Dong","doi":"10.1111/manc.12468","DOIUrl":"10.1111/manc.12468","url":null,"abstract":"<p>This paper examines how cross-border ownership and restrictions affect commercial policies optimally chosen by the government of an importing country. Focusing on import competition in an oligopoly market served by two local producers and a foreign firm, we study and compare two partial ownership arrangements without corporate control: unilateral ownership by the foreign firm over a local producer and bilateral ownership between the two entities. The main findings are as follows: (i) When foreign ownership is unilateral, the optimal trade and industrial policies are an import tariff and a production subsidy, respectively. (ii) When foreign ownership is bilateral, the trade policy can be an import subsidy, and the industrial policy is a production subsidy. These results differ from the benchmark equilibrium without ownership, under which the optimal policy mix consists of an import tariff and a production subsidy. (iii) Unilateral foreign ownership always reduces domestic welfare. However, bilateral foreign ownership can increase domestic welfare when local producers' cost disadvantages are substantially high. (iv) Considering the usual lump-sum transfer for a balanced budget, bilateral ownership entails a lower public burden than two other scenarios for the government to finance its strategic use of trade and industrial policies.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 4","pages":"341-370"},"PeriodicalIF":1.1,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462687","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Relative performance evaluation and wage inequality 相对绩效评估和工资不平等
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-01-06 DOI: 10.1111/manc.12469
Jiancai Pi, Zixin Li
{"title":"Relative performance evaluation and wage inequality","authors":"Jiancai Pi,&nbsp;Zixin Li","doi":"10.1111/manc.12469","DOIUrl":"10.1111/manc.12469","url":null,"abstract":"<p>This paper studies the impact of relative performance evaluation (RPE) on skilled-unskilled wage inequality. We find that in an economy with full employment, skilled-unskilled wage inequality will be expanded when the strength of RPE increases. However, when the urban sector is under the minimum wage restriction, the impact of RPE on skilled-unskilled wage inequality depends on the substitution elasticity between land and unskilled labor in the rural sector. If this substitution elasticity is sufficiently large (resp. small), skilled-unskilled wage inequality will be expanded (resp. narrowed down) when the strength of RPE rises.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 3","pages":"296-312"},"PeriodicalIF":1.1,"publicationDate":"2024-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139380436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Mixed duopoly in two-sided markets 双面市场中的混合双头垄断
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-01-04 DOI: 10.1111/manc.12467
Jeong-Yoo Kim
{"title":"Mixed duopoly in two-sided markets","authors":"Jeong-Yoo Kim","doi":"10.1111/manc.12467","DOIUrl":"10.1111/manc.12467","url":null,"abstract":"<p>This paper considers a mixed duopoly two-sided market of platforms in which a private firm competes with a public firm in a linear city model with fixed demand of full coverage. We examine whether prices of platforms are lower in the mixed duopoly market than in the standard pure duopoly market in which two private firms compete. We show that introducing a public competitor may or may not induce lower prices of the private platform than introducing a private firm, depending on the quality of the public platform service. In particular, if the quality of the public platform is superior, the prices of the platforms are lower than when it competes with the private rival, whereas they are higher if the quality is lower. We also show that the private firm invests more than the public firm. This has the policy implication that maintaining lower platform prices by introducing a competing public platform will not be sustainable in the long run.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 3","pages":"281-295"},"PeriodicalIF":1.1,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139386657","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Total factor productivity and state ownership: Evidence from China's 2008 stimulus package 全要素生产率与国有制：来自中国 2008 年经济刺激计划的证据
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-01-03 DOI: 10.1111/manc.12466
Shi-zhuan Han, Taotao Duan, Han Gao, Tianhang Zhou, Jie Li
{"title":"Total factor productivity and state ownership: Evidence from China's 2008 stimulus package","authors":"Shi-zhuan Han,&nbsp;Taotao Duan,&nbsp;Han Gao,&nbsp;Tianhang Zhou,&nbsp;Jie Li","doi":"10.1111/manc.12466","DOIUrl":"10.1111/manc.12466","url":null,"abstract":"<p>We examine the impact of China's economic stimulus plan in 2008 on the total factor productivity (TFP) of China's listed firms. We hypothesize that firms operating in regions characterized by greater resource misallocation would experience a more pronounced decline in TFP following the implementation of the stimulus plan. To gauge the extent of resource misallocation, we employ the proportion of state-owned enterprises (SOEs) as a measure. Our findings reveal a substantial decrease in TFP for firms located in provinces with higher SOE shares compared to those in provinces with lower SOE shares, amounting to approximately 9.2%. These results highlight the unintended policy consequence of the stimulus plan for firm-level productivity in China.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 3","pages":"246-280"},"PeriodicalIF":1.1,"publicationDate":"2024-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139388544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Euro area inflation in the era of COVID-19: A permanent or a transitory phenomenon? COVID-19 时代的欧元区通货膨胀：是永久现象还是暂时现象？
IF 1.1 4区 经济学
Manchester School Pub Date : 2024-01-03 DOI: 10.1111/manc.12470
Nicholas Apergis
{"title":"Euro area inflation in the era of COVID-19: A permanent or a transitory phenomenon?","authors":"Nicholas Apergis","doi":"10.1111/manc.12470","DOIUrl":"10.1111/manc.12470","url":null,"abstract":"<p>The goal of this paper is to test the mean reversion process of the inflation rate in the Eurozone during the COVID-19 pandemic crisis. The study uses weekly data on consumer prices (measured through the Harmonized Consumer Price Index), spanning the period from 2020 to the mid of 2022. The findings document that euro area inflation follows a mean non-reverting process, with most of its components following a similar pattern. Moreover, sub-period analysis illustrates that the vaccination process against the pandemic gives a transitory character to euro area inflation, which, however, is dominated by the lockdown and the Omicron mutation periods. Finally, comparative analysis illustrated the differences of inflation persistence during the Global Financial Crisis of 2007–2009.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 3","pages":"231-245"},"PeriodicalIF":1.1,"publicationDate":"2024-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139420553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Will automation and robotics lead to more inequality? 自动化和机器人技术会导致更多的不平等吗?
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-12-02 DOI: 10.1111/manc.12465
Elise S. Brezis, Amir Rubin
{"title":"Will automation and robotics lead to more inequality?","authors":"Elise S. Brezis,&nbsp;Amir Rubin","doi":"10.1111/manc.12465","DOIUrl":"10.1111/manc.12465","url":null,"abstract":"<p>This paper presents a new framework for analyzing automation, robotics, and high-tech, which differs from the canonical model of technological progress by incorporating the higher education system. The main difference is that there is not just one type of skilled workers, but two types, and there is not one type of education but two - elite universities and standard ones. The gap between these two types of education is called ‘elitism gap’. The ‘elitism gap’ in the higher-education sector enables a separation of individuals by their abilities. Since the economy is divided between low-tech and high-tech sectors, the elitism gap leads to a separating equilibrium in which, high-ability workers graduating from top universities work in the high-tech sector, while low-ability workers, graduate from standard universities and work in the low-tech industries. In consequence, human capital in both industries is different, which leads to wage inequality. We then analyze the effects of an increased use of robotics on inequality. We show that robots affect the “matching effect” between abilities and education, and in consequence, inequality increases. We also show that wages and productivity gaps between high-tech and low-tech sectors are fueled by the elitism gap in higher education. This leads to heterogeneity in human capital, and therefore to an increase in wage inequality. We develop an index of the elitism gap, and show a positive correlation between the index of elitism gap and inequality in OECD countries.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 3","pages":"209-230"},"PeriodicalIF":1.1,"publicationDate":"2023-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12465","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138494204","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信