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The Shrinking Advantage of Market Potential
Brülhart, Marius - 2019
How does a country's economic geography evolve along the development path? This paper documents recent employment growth in 18,961 regions in eight of the world's main economies. Overall, market potential is losing importance, and local density is gaining importance, as correlates of local...
Persistent link: https://www.econbiz.de/10012480470
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Management and Misallocation in Mexico
Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022
We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...
Persistent link: https://www.econbiz.de/10012938686
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Market Structure and Cyclical Fluctuations in U.S. Manufacturing
Domowitz, Ian - 1986
for the notion that markups are importantly related to differences in industry concentration, though the effect of … unionization is important. Concentration effects are important only in industries producing durable goods or differentiated …
Persistent link: https://www.econbiz.de/10012476954
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Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets
Mitchener, Kris James - 2010
on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period … geographically. Unlike studies of modern developing and developed countries, we find that banking market concentration had a positive … that banking market concentration boosted industrial growth. In addition, we find evidence that a greater prevalence of …
Persistent link: https://www.econbiz.de/10012462942
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Product Choice and Product Switching
Bernard, Andrew B. - 2003
This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...
Persistent link: https://www.econbiz.de/10012468909
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Productivity, Output, and Failure : A Comparison of Taiwanese and Korean Manufacturers
Aw, Bee Yan - 2002
Industry cost and demand conditions can vary across countries leading to differences in industry market structure, including the distribution of output and productivity across firms and the magnitude of entry and exit flows. It has been argued that despite many outward similarities, two of the...
Persistent link: https://www.econbiz.de/10012469949
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Not a Typical Firm : The Joint Dynamics of Firms, Labor Shares, and Capital–Labor Substitution
Hubmer, Joachim; Restrepo, Pascual - National Bureau of Economic Research - 2021
The decline in the U.S. labor share is far from uniform across firms. While the aggregate labor share has declined, especially in manufacturing, retail, and wholesale, the labor share of a typical firm in these industries has risen. This paper studies the dynamics of the substitution of capital...
Persistent link: https://www.econbiz.de/10012496133
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Investment-less Growth : An Empirical Investigation
Gutiérrez, Germán - 2016
. Industries with more concentration and more common ownership invest less, even after controlling for current market conditions … with more concentration and more common ownership. These firms spend a disproportionate amount of free cash flows buying …
Persistent link: https://www.econbiz.de/10012455783
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Are Chinese Markets for Manufactured Products More Competitive than in the US? : A Comparison of China -US Industrial Concentration Ratios
Wang, Jun - 2014
We present estimates of 4 and 8 firm concentration ratios by industry and in weighted aggregate form for the … concentration ratios, in the order of one half of the US for 4 firm ratios. One possible implication is that markets for Chinese …
Persistent link: https://www.econbiz.de/10012458765
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Heterogeneous Productivity Response to Tariff Reduction : Evidence from Brazilian Manufacturing Firms
Schor, Adriana - 2004
This paper studies the effects of trade liberalization on the evolution of firm productivity. The productivity of each firm was estimated using an unbalanced panel data of 4,484 Brazilian manufacturing firms from 1986 to 1998, following the procedure first proposed by Olley and Pakes (1996) and...
Persistent link: https://www.econbiz.de/10012468149