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 … emerge: (i) any positive impact of ownership change is predominantly due to change in technical efficiency, not scale effects …

States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … productivity grows less due to larger mismatch. The model can be used to address a number of normative issues. …

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …

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 …

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 …

An enormous number of empirical papers have estimated technical efficiency, the distance of firms inside a frontier … efficiency and compare them to those in the statistical literature. We consider the relation between competition and efficiency …

Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998 … play a significant role in facilitating Malaysia’s rebound. However, the financial crisis was deepening in Malaysia in the …

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …