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use a model of monopolistic competition with Cobb-Douglas production and a dataset of Italian manufacturing firms …, suggesting the existence of adjustment frictions. Finally, the degree of under-response is much larger for TFP shocks. This … show that they hamper firms' responses to TFP shocks but not to demand shocks. …
Persistent link: https://www.econbiz.de/10011083518
Frequently, aspiring entrants have only limited information about their potential rivals’ entry decisions. As a result, the outcome of the entry game may be that more firms enter than the market can sustain; or, at least, that unnecessary entry investments are made. We refer to these outcomes...
Persistent link: https://www.econbiz.de/10005662244
This paper uses a case study approach to explore the effects of NAFTA and GATT membership on innovation and trade in the Mexican soaps, detergents and surfactants (SDS) industry. Several basic findings emerge. First, the most fundamental effect of NAFTA and the GATT on the SDS industry was to...
Persistent link: https://www.econbiz.de/10005661768
Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more … productive firms hire more skilled workers: in 2000, plants at the top decile of the TFP distribution (controlling for their four … and (ii) in an accounting sense the skills gap between the firms in the top and bottom deciles of the TFP distribution …
Persistent link: https://www.econbiz.de/10005497762
In this paper we re-examine empirically the Structure-Conduct-Performance relationship between concentration and profitability using new data on Russia that allow us to overcome the endogeneity problem of market structure and expand on the traditional analysis in several ways. The analysis...
Persistent link: https://www.econbiz.de/10005124424
&D-intensive manufacturing industries, while it caused a significant rise in concentration in these industries. In the short run profitability …
Persistent link: https://www.econbiz.de/10005666839
We discuss the restructuring of the textile and clothing industry in two East European countries. The paper compares the industry there with that in Portugal. Even though this study is only concerned with one particular industry, it reveals how wide and intensive the problems of transition are....
Persistent link: https://www.econbiz.de/10005136480
This paper builds on earlier evidence showing that, while most countries exhibit little evidence of unconditional income convergence, countries that trade heavily with one another tend to exhibit a much higher incidence of convergence. Two alternative explanations for the trade-related...
Persistent link: https://www.econbiz.de/10005791990
Productivity (TFP) at the firm level on a panel of Spanish firms covering the period between 1991 and 2002. We use two alternative … approaches. In the first, we estimate TFP using the Olley-Pakes semi-parametric method and apply a diff-in-diff estimator with a … control group constructed by propensity-score matching. In the second, direct method, we estimate TFP with imported inputs as …
Persistent link: https://www.econbiz.de/10004972170
The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...
Persistent link: https://www.econbiz.de/10005124261