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spillovers on firm-level productivity are extensively studied in applied work, but not in the context of resource misallocation …
Persistent link: https://www.econbiz.de/10014433378
Almost two thirds of the cross-plant dispersion in marginal revenue products of capital occurs across plants within the same firm rather than between firms. Even though firms allocate invest- ment very differently across their plants, they do not equalize marginal revenue products across their...
Persistent link: https://www.econbiz.de/10011624203
Growth of the Korean economy has been sluggish, and this situation is more pronounced in the service sector. We argue that capital misallocation, especially in the service sector, could contribute to this slowdown. Utilizing firm and sectoral level data, first we assess the rising dispersion of...
Persistent link: https://www.econbiz.de/10014235255
Persistent link: https://www.econbiz.de/10013415321
the effects of temperature on firm-level total factor productivity (TFP), factor inputs, and output. We detect an inverted …
Persistent link: https://www.econbiz.de/10011760107
This paper attempts to distinguish and estimate the direct and indirect effects of infrastructure on firm productivity … large-scale firm-level survey data from the People's Republic of China (PRC). Major findings include: (1) all the three … kinds of infrastructure - road, telecommunication servers, and cable - are found to directly promote firm productivity; (2 …
Persistent link: https://www.econbiz.de/10011635346
their domestic supply chains. Finally, China does not seem to be special: the productivity effect of the growing use of … growing use of Chinese intermediates on the labour productivity growth in Nordic manufacturing production processes. The main … positive and economically relevant. This productivity effect exists before and after the financial crisis, in all Nordic …
Persistent link: https://www.econbiz.de/10014285163
We explore the impact of financial friction on resource misallocation and total factor productivity (TFP) of China … financial friction leads to resource mismatch, and thus results in the loss of TFP. Second, taking the dataset of China as the …. The results show that financial friction has negative impact on the TFP of China. In addition, the friction of financial …
Persistent link: https://www.econbiz.de/10013174235
China due to flight route changes. I find a large positive house price impact. Consistent with investment q-theory, rents …
Persistent link: https://www.econbiz.de/10013219278
This paper analyzes the reallocation effects generated by dynamics of exporting firms adopting DOPD productivity … turbulent. The reallocation effects generated by firm dynamics contributes almost half of productivity improvement. It mainly …
Persistent link: https://www.econbiz.de/10011347571