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How Do Regulations of Entry and Credit Access Relate to Industry Competition? International Evidence
Igan, Deniz - 2018
We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … manufacturing sectors across 64 countries. A robust finding is that bureaucratic and costly entry regulations tend to hamper … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are …
Persistent link: https://www.econbiz.de/10012918554
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Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification
Carvalho, Carlos - 2017
Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms' product scope adjustment behavior through the lens of asset pricing. Using a unique panel scanner data set containing...
Persistent link: https://www.econbiz.de/10012950405
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Export Orientation and Productivity in Sub-Saharan Africa
Mengistae, Taye; Pattillo, Catherine A. - 2021
total factor productivity premium of 11-28 percent. The data do not allow testing of whether these premiums are caused by … data, we cannot disentangle its effect on productivity from those of more traditionally recognized channels of …
Persistent link: https://www.econbiz.de/10013317891
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Small and Vulnerable : Small Firm Productivity in the Great Productivity Slowdown
Chen, Sophia; Lee, Do Q - 2021
We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the …
Persistent link: https://www.econbiz.de/10013250069
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Income Mobility and Welfare
Krebs, Tom - 2013
This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing measurement error or transitory income shocks and an...
Persistent link: https://www.econbiz.de/10013086320
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Real Effects of Capital Inflows in Emerging Markets
Igan, Deniz - 2017
We examine the association between capital inflows and industry growth in a sample of 22 emerging market economies from 1998 to 2010. We expect more external finance dependent industries in countries that host more capital inflows to grow disproportionately faster. This is indeed the case in the...
Persistent link: https://www.econbiz.de/10012962170
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Manufacturing Jobs and Inequality : Why is the U.S. Experience Different?
Novta, Natalija - 2019
We examine the extent to which declining manufacturing employment may havecontributed to increasing inequality in advanced economies. This contribution is typicallysmall, except in the United States. We explore two possible explanations: the high initialmanufacturing wage premium and the high...
Persistent link: https://www.econbiz.de/10012860990
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The U.S. Manufacturing Recovery : Uptick or Renaissance?
Celasun, Oya - 2014
The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the sector might be experiencing a renaissance. Using panel regressions, we find that a depreciating real exchange rate, an increasing spread in natural gas prices between the...
Persistent link: https://www.econbiz.de/10013057733
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Determinants of Firm Profitability in Colombia's Manufacturing Sector : Exchange Rate or Structural?
Griffin, Naomi - 2015
The appreciation of the real exchange rate over the past several years is considered one of the key drivers behind the weak performance of Colombia's manufacturing sector in recent years. This paper examines the effects of the real exchange rate, external and domestic demand, and structural...
Persistent link: https://www.econbiz.de/10013021774
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Resolving China's Zombies : Tackling Debt and Raising Productivity
Lam, W. Raphael - 2018
vulnerabilities and low productivity. As a group, zombie firms and SOEs account for an outsized share of corporate debt, contribute to …
Persistent link: https://www.econbiz.de/10012929944