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structurally estimate the key parameters of our model to construct counterfactual size, productivity and welfare distributions …
Persistent link: https://www.econbiz.de/10011083258
Policy efforts to revitalise entrepreneurship and investment in Spain are key to generating growth and new jobs. The government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened. Boosting economic growth requires a new generation...
Persistent link: https://www.econbiz.de/10011276814
In this article we extend the agent-based model of firms' formation and growth proposed in [4]. In [4] the firms creation, expansion or contraction results from the interaction of heterogeneous utility maximizers. While the original model was able to replicate the power law distribution in the...
Persistent link: https://www.econbiz.de/10008473444
Several models posit a positive cross-sectional correlation between markups and firm size, which, among others, characterizes misallocation, factor shares, and gains from trade. Yet, taking labor market power into account in markup estimation, we show that larger firms have lower markups. This...
Persistent link: https://www.econbiz.de/10013482898
. Digital technologies offer opportunities to raise firms’ productivity and the population’s well-being. However, wide … productivity gaps between large firms and SMEs and between manufacturing and services weigh on economy-wide productivity, which is …
Persistent link: https://www.econbiz.de/10012421298
The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting … that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we … examine the extent to which regulations affecting product, labour and credit markets influence productivity, via their effect …
Persistent link: https://www.econbiz.de/10009696511
firms, and the fact that larger firms supply more products than smaller firms, implies that standard productivity measures … are not independent of demand system assumptions and probably dramatically understate the relative productivity of the …
Persistent link: https://www.econbiz.de/10011084590
From the mid-1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR). However, the reform of PMR has lost momentum over recent years. Many areas of PMR are still consistent with best practice, but New Zealand is no longer assessed to be at the...
Persistent link: https://www.econbiz.de/10009195420
productivity. However, the dispersion of firms’ productivity shocks has decreased too. To enhance our understanding of these … patterns, we derive a firm-level framework that relates changes in firms’ productivity, market power, and technology to job …
Persistent link: https://www.econbiz.de/10014362876
productivity. However, the dispersion of firms’ productivity shocks has decreased too. To enhance our understanding of these … patterns, we derive a firm-level framework that relates changes in firms’ productivity, market power, and technology to job …
Persistent link: https://www.econbiz.de/10014362897