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1 - 10 van 141 voor marginal productivity
Microsoft Word - DP CCCTB voorblad.doc
... tax base reduces the cost of capital so that investment expands. more investment raises the productivity of labour and is accompanied by higher wages. this encourages labour supply so that employment ... )g b l lqy q y w+ - (9) expressions show that firms set the expected marginal productivity of capital and labour equal to their respective prices. according corporate tax raises the cost ...
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Microsoft Word - discussion57
... in peripheral regions results because wages, set at the national level, exceed the marginal productivity of labour. in equilibrium, clearing of land markets undoes the incentive for workers ... cobb-douglas technology, production equals ,1 - iii clq where li denotes labour. equating marginal costs to marginal productivity and normalising output prices to unity, we obtain the factor demands iii ...
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Microsoft Word - cpbdoc_tang.doc
... to an increase in the capital-labour ratio. capital deepening will reduce the marginal productivity of capital and, in turn, the incentive to accumulate capital. in other words, ... composition and productivity (growth). the available empirical evidence suggests that people aged 65 and over hampers productivity growth, while the fraction of people cohort contributes favourably to productivity growth. ...
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Working Paper (set-up) Engelsta [PFP#802640440]
... constant in the simulation period. demand for capital and investment. as a result, both the marginal productivity of capital and the real interest rate will decrease. turner et al. (1998) report ... similar could happen in case of baumol effects on public expenditures. if productivity in the public sector lags behind productivity growth in the private sector, the demand for public consumption goods ...
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N:\publicaties\...\cpbdoc16.wp [PFP#1211064953]
... , while tfp is still exogenous, since capital goods and labour inputs differ substantially in marginal productivity. the specific feature of investments in physical capital and human capital as a source ... skills. therefore, labour inputs differ in marginal productivity. as a result, a rise in the supply of labour contributes to output growth in proportion to the marginal product of the added labour ...
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Research Memorandum (set-up) [PFP#790029940]
... relative to l-workers, raises productivity of l-worker in the a-sector and requires a compensating change in the relative price since in equilibrium the marginal productivity of l-workers has ... wage inequality. in other words, even though the marginal productivity of northern l-workers rises in this case, it rises by less than the marginal productivity of southern l-workers, because of the increase ...
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Research Memorandum (set-up)
... . he distinguishes two sectors. the first one is a traditional subsistence sector, in which the marginal productivity of a worker is (close to) zero. the 6 second one is a modern capitalist ... from 1958. he distinguishes two sectors. the first one is a traditional subsistence sector. the marginal productivity of workers sector (close to) zero. they work on the land or provide simple services ...
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memo115.pdf
... marginal product of capital is determined by exogenous variables only. so, we can use the marginal productivity equation to determine the capital stock. labour supply is exogenous. the marginal productivity equation of labour and the production function determine the production level and the wage rate. assume yge ks ae(t -1) -1 +l -1 ee -1 (2.63) for the marginal productivity ...
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W:\nl\pub\...\memo19.wp [PFP#220377842]
... investors or investors from tax exemption countries), the decline in capital will raise the marginal productivity of that capital and, therefore, the before-tax return. more generally, international capital mobility ... tax term). finally, slemrod uses an alternative measure for the tax rate, namely the marginal effective tax rate derived by auerbach and hines (1988). with these four modifications, ...
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exports and productivity selection effects pdf
... productivity increases the likelihood of being an exporter by 0.14 in manufacturing and by 0.26 in services, and for pro...tability the marginal e ects are, respectively, 0.09 and 0.04. 3.2 testing productivity premia for ... productivity and pro...tability of manufacturing in year t 3 is a good predictor for export start in year t. a marginal increase in labour productivity ...
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