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Substantial Share (substantial + share)
Selected AbstractsAnatomy of employment growthECONOMIC POLICY, Issue 34 2002Pietro Garibaldi Summary This paper studies net employment growth across 21 OECD economies since 1980, focusing on the wide range of experiences within the European Union. The initial composition of employment across sectors is relevant in a few countries, but can only partially account for cross-country differences in net employment growth. Institutions play a more important role. A policy package including low dismissal costs and low taxation is significantly associated with high net employment growth and can account for a substantial share of cross-country differences. While the Netherlands' employment miracle is largely accounted for by an increase in part-time jobs for women aged 25,49 in the services sector, we find that in the whole sample part-time jobs largely replace full-time jobs, and temporary jobs replace permanent jobs, with small net effects on hours worked. Continental Europe did not increase employment as much as other OECD countries until the mid-1990s, but later appears to be staging a resurgence of employment growth. We argue that this resurgence is not merely cyclical, is likely related to reforms, and may well be there to stay. [source] Did the National Minimum Wage Affect UK Prices?,FISCAL STUDIES, Issue 1 2010Jonathan Wadsworth J0; J3; D4 Abstract One potential channel through which the effects of the minimum wage could be directed is that firms that employ minimum-wage workers could have passed on any higher labour costs resulting from the minimum wage in the form of higher prices. This study looks at the effects of the minimum wage on the prices of UK goods and services by comparing prices of goods and services produced by industries in which UK minimum-wage workers make up a substantial share of total costs with prices of goods and services that make less use of minimum-wage labour. Using sectoral-level price data matched to Labour Force Survey data on the share of minimum-wage workers in each sector, it is hard to find much evidence of significant price changes in the months that correspond immediately to the uprating of the national minimum wage. However, over the longer term, prices in several minimum-wage sectors , notably, take-away food, canteen meals, hotel services and domestic services , do appear to have risen significantly faster than prices in non-minimum-wage sectors. These effects were particularly significant in the four years immediately after the introduction of the minimum wage. [source] Gains and structural effects of exploiting scale-economies in Norwegian dairy productionAGRICULTURAL ECONOMICS, Issue 2 2001Knut Løyland Dairy production; Economies of scale; Cost functions; Technical change Abstract In this paper, we present calculations of the economic gains in terms of reduced costs by exploiting scale-economies in dairy production in Norway, and the effect this would have had on the number of farms. We also explore whether or not optimal scale and unexploited scale-economies change over time due to scale-augmenting technical change. The analysis is based on homothetic cost functions estimated by means of data for individual dairy farms for the period 1972,1996. For 1972, we find that, by full exploitation of scale-economies, the costs could have been reduced by almost 40%, while the number of farms would have been reduced by more than 85%. The number of small farms has been substantially reduced in the period considered. This fact, combined with small scale-augmenting technical change, implies that the gains and structural effects of exploiting scale-economies have decreased over time. In 1996, costs could have been reduced by close to 30% by full exploitation of scale-economies, while the number of farms would have been reduced by slightly more than 70%. Thus, both gains and structural effects are substantially less than in 1972. Nevertheless, the calculated gains for 1996 make almost 5 billion NOK. This corresponds almost exactly to the total public support to the dairy farms in 1996. The unexploited scale-economies are largely due to the agricultural policy. Thus, a substantial share of the same can be considered as part of the,price' the Norwegian society has to pay for this policy. In addition, there are likely to be large hidden costs of this policy due in particular to the quota system and other direct production regulations. They imply that technical innovations and other efficiency-improving investments requiring increased production to be profitable are not carried out. This is the more likely explanation for the extremely poor efficiency development in Norwegian dairy production in the period studied. [source] Environmental Impacts of Consumption in the European Union:High-Resolution Input-Output Tables with Detailed Environmental ExtensionsJOURNAL OF INDUSTRIAL ECOLOGY, Issue 3 2006Gjalt Huppes Summary For developing product policy, insight into the environmental effects of products is required. But available life-cycle assessment studies (LCAs) are hardly comparable between different products and do not cover total consumption. Input-output analysis with environmental extensions (EEIOA) of full consumption is not available for the European Union. Available country studies have a low sector resolution and a limited number of environmental extensions. This study fills the gap between detailed LCA and low-resolution EEIOA, specifying the environmental effects of household consumption in the European Union, discerning nearly 500 sectors, while specifying a large number of environmental extensions. Added to the production sectors are a number of consumption activities with direct emissions, such as automobile driving, cooking and heating, and a number of postconsumer waste management sectors. The data for Europe have been constructed by using the sparse available and coarse economic and environmental data on European countries and adding technological detail mainly based on data from the United States. A small number of products score high on environmental impact per Euro and also have a substantial share of overall consumer expenditure. Several meat and dairy products, household heating, and car driving thus have a large share of the total environmental impact. Due to their sales volume, however, products with a medium or low environmental score per Euro may also have a substantial impact. This is the case with bars and restaurants, clothing, residential construction, and even a service such as telecommunications. The limitations in real European data made heroic assumptions necessary to operationalize the model. One conclusion, therefore, is that provision of data in Europe urgently needs to be improved, at least to the level of sector detail currently available for the United States and Japan. [source] Understanding the effect of an emissions trading scheme on electricity generator investment and retirement behaviour: the proposed Carbon Pollution Reduction SchemeAUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 2 2010Neil Ross Lambie The objective of a greenhouse gas (GHG) emissions trading scheme (ETS) is to reduce emissions by transitioning the economy away from the production and consumption of goods and services that are GHG intensive. A GHG ETS has been a public policy issue in Australia for over a decade. The latest policy initiative on an ETS is the proposed Carbon Pollution Reduction Scheme (CPRS). A substantial share of Australia's total GHG reduction under the CPRS is expected to come from the electricity generation sector. This paper surveys the literature on investment behaviour under an ETS. It specifically focuses on the relationship between the design of an ETS and a generator's decisions to invest in low emissions plant and retire high emissions plant. The proposed CPRS provides the context for presenting key findings along with the implications for the electricity generation sector's transition to lower emissions plant. The literature shows that design features such as the method of allocating permits, the stringency of the emissions cap along with permit price uncertainty, provisions for banking, borrowing and internationally trading permits, and the credibility of emissions caps and policy uncertainty may all significantly impact on the investment and retirement behaviour of generators. [source] | ||||||||||