Showing 1 - 10 of 228
This paper calculates returns to scale and productivity growth in UK manufacturing establishments in the electronics … productivity growth. We use a matching and difference-in-differences methodology which allows us to construct a reasonable … counterfactual and to determine the post-acquisition changes in RTS and productivity that can be attributed to the incidence of …
Persistent link: https://www.econbiz.de/10005791647
The first aim of this paper is to decompose the productivity advantage of foreign multinationals into two components … two components of productivity growth. We do so by analyzing the effects of an acquisition of a domestic establishment by … rate of technology transfer from the MNE parent companies, (iii) the productivity growth effects are not confined to the …
Persistent link: https://www.econbiz.de/10005123535
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …
Persistent link: https://www.econbiz.de/10011196027
job creation in the US, is its slower productivity growth. This paper begins with data showing that US productivity growth … has been essentially zero since 1973 outside of manufacturing. In contrast, productivity growth in US manufacturing has …
Persistent link: https://www.econbiz.de/10005281397
We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of decreasing returns at the industry level: As the size of the active mutual fund industry increases, a fund's ability to outperform passive benchmarks declines. At the fund level,...
Persistent link: https://www.econbiz.de/10011083369
This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries … explain procyclical productivity. However, this correction still leaves one in three U.S. industries with procyclical … productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries. …
Persistent link: https://www.econbiz.de/10005791211
in labour productivity and the degree of returns to scale. We organize our investigation around five questions that we …
Persistent link: https://www.econbiz.de/10005792104
We analyze the equilibrium size of the active management industry and the role of historical data---how investors use it to decide how much to invest in the industry, and how researchers use it to judge whether the industry's size is reasonable. As the industry's size increases, every manager's...
Persistent link: https://www.econbiz.de/10008468523
This paper analyses how the levels of unemployment and vacancies affect the rate at which unemployed workers find employment -- the worker-firm `matching function'. In particular we test the robustness of previous empirical work by checking whether we obtain the same estimated function using...
Persistent link: https://www.econbiz.de/10005124473
The regional distribution of unemployment rates in the Czech Republic during the transition period is shown to be characterised by twin peaks, i.e. a high and a low unemployment equilibrium. The emergence of strong regional disparities at the beginning of the 1990s can, at least partially, be...
Persistent link: https://www.econbiz.de/10005497916