Using Compustat, we present a surprising empirical fact: that at the firm level, the capital stock is at least as volatile as labor if not more. Given both recent research which has found unexpected large labor movements at the micro-level, and the standard textbook assumption that the capital stock is fixed in the short run, this finding seems even more unforeseen. This result holds for a wide...

IN A TYPICAL workweek, one in every four manufacturing production workers in the United States is employed at night. This fraction fluctuates sharply over the business cycle, accounting disproportionately for business cycle changes in employment. The variation in work at night amounts to over 40 percent of the cyclical changes in the employment of manufacturing production workers. While cyclica...

The relationship between physical capital. human capital and the distribution of turnings is examined empirically using cross-sectional microdata within SklSAs. Comprtrarive advantage in workers and a scale-of-resources effect among firms is predicted to lead to a rel~ti~)n~hip between capital and earnings. The level of earnings is found to be positively related to capital intensity and nrgntiv...

human capital has important role on economic growth. this factor can increase labor and capital productivity. it can increase capacity of new technology and reduce criminal participation and improve voters’ political behavior and migration of people with high human capital to another region has effects on region and spatial spillover on other regions. the present study aimed to analyze the dire...

Economic transparency will lead to economic stability and corruption decline. Thus the shortage of transparency mechanisms, laws and procedures will raise corruption and make it tough to cutout corruption. Also, loss of transparency in financial and economic system creates to instability, inappropriate allocation of resources, the boom of injustice and inequality and as a result paves the way f...

This paper examines the determinants of export performance of firms in the Greek manufacturing industry, using cross-sectional data from 1652 firms in 1999 and a Tobit regression model. The study finds that firms that have larger size, lower unit labor cost and low capital to labor ratio have a higher propensity to export, confirming the fact that in Greece, which has the second lowest capital ...