Sectoral Shifts, Diversification and Regional Unemployment: Evidence from Local Labour Systems in Italy Using Local Labour Systems (LLSs) data, this work aims at assessing the effects of sectoral shifts and industry specialization patterns on regional unemployment in Italy over the years 2004-2008, when huge worker reallocation caused by changes in the international division of labour occurred....

This paper applies current theory concerning the impact of irreversibility of investment, in order to test for the impact of uncertainty on investment expenditure for a middle income country. The contribution of the paper is unique in two respects. First, it employs dynamic heterogeneous panel estimation techniques not previously applied to investment functions. Second, it explicitly tests for ...

The goal of the Harvard Project on International Climate Agreements is to help identify key design elements of a scientifically sound, economically rational, and politically pragmatic post-2012 international policy architecture for global climate change. It draws upon leading thinkers from academia, private industry, government, and non-governmental organizations from around the world to constr...

I quantify the contribution of sectoral shocks to business cycle fluctuations in aggregate output. I develop and estimate a multi-industry general equilibrium model in which each industry employs the material and capital goods produced by other sectors. Using data on U.S. industries’ input prices and input choices, I find that the goods produced by different industries are complements to one an...

Article history: Received 23 June 2006 Revised 29 July 2008 Available online 5 August 2008 JEL classification: O2 O3 I2

The paper seeks to develop our understanding of the somewhat diffuse nature of technological externalities in technological space by associating a geographical dimension with the sectoral dimension. Using panel data this paper estimates a knowledge production function that allows for spillovers inside the same industry and outside, and for local as well as global geographical spillovers. This a...

In this paper we analyze whether the employment/productivity profile of growth as well as its sectoral pattern matter for poverty reduction. We also identify some conditions of the labor market which are associated with employment intensive growth or specific sectoral growth. We find that, in the short run, while the overall employment intensity of growth does not matter for poverty reduction, ...

This study builds an income distribution and growth model within a simple multi-sectoral Kaleckian framework. The model has heterogeneous features in each sector in that the responses of saving and investment to changes in macroeconomic performance differ sectorally, and there are also different sectoral shares of saving and investment. We consider the determinants that establish the economic g...

Introduction..................................................................................................................... 2 1. Statistical Relationships between Growth and Social Structures ............................... 6 2. The Effect of Economic Growth on Social Structures : theoretical considerations . 11 (a) The Sectoral Shift View ....................................................

Empirical evidence suggests that the differences in rates of technical progress across sectors are time-variant, implying that the bias in technological change is not constant. In this paper, we analyze the implications of this nonconstant sectoral biased technical change for structural change and we assess whether this is an important factor behind structural transformations. To this end, we d...