全球智库信息集成服务系统(G2TT): DP4488 Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP4488
	DP4488 Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985
	Marianne Bertrand; Antoinette Schoar; David Thesmar
发表日期	2004-07-23
出版年	2004
语种	英语
摘要	Gains from productivity and knowledge transmission arising from the presence of foreign firms has received a good deal of empirical attention, but micro-foundations for this mechanism are weak. Here we focus on production by foreign experts who may train domestic unskilled workers who work with them. Gains from training can in turn be decomposed into two types: (a) obtaining knowledge and skills at a lower cost than if they are self-taught at home; (b) producing domestic skilled workers earlier in time than if they had to rediscover the relevant knowledge through ?reinventing the wheel?. We develop a three-period model in which the economy initially has no skilled workers. Workers can withdraw from the labour force for two periods of self study and then produce as skilled workers in the third period. Alternatively, foreign experts can be hired in period 1 and domestic unskilled labour working with the experts become skilled in the second period. We analyse how production, training, and welfare depend on two important parameters: the cost of foreign experts and the learning (or ?absorptive?) capacity of the domestic economy.
主题	International Trade and Regional Economics
关键词	Transmission mechanism Foreign experts Productivity growth Skilled labour
URL	https://cepr.org/publications/dp4488
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/533432
推荐引用方式 GB/T 7714	Marianne Bertrand,Antoinette Schoar,David Thesmar. DP4488 Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985. 2004.