Showing 1 - 10 of 168
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
An enormous number of empirical papers have estimated technical efficiency, the distance of firms inside a frontier, following the model of Farrell (1957). We propose a theory that explains the distance these empirical papers seek to measure. The theory is based on the idea that workers can...
Persistent link: https://www.econbiz.de/10005661534
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 …
Persistent link: https://www.econbiz.de/10005123814
reconcile the conflicting primal and dual estimates of productivity growth over the period. …
Persistent link: https://www.econbiz.de/10011249371
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011262884
-size distribution? Do they affect individual city sizes? Do they contribute to the productivity advantage of large cities and the nature …
Persistent link: https://www.econbiz.de/10009322503
productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and …
Persistent link: https://www.econbiz.de/10009385757
The paper presents new stylized facts on the direction of capital flows. We find (i) international capital flows net of government debt and/or official aid are positively correlated with growth; (ii) sovereign debt flows are negatively correlated with growth only if debt is financed by another...
Persistent link: https://www.econbiz.de/10009364326
The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...
Persistent link: https://www.econbiz.de/10009364327
We investigate the roles of productivity and the specificity of inputs for the international sourcing strategy of firms … transaction. The dataset also provides information to estimate the firms' productivity and their intensity in relationship …
Persistent link: https://www.econbiz.de/10009365648