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Productivity volatility and the misallocation of resources in developing economies
Asker, John; Collard-Wexler, Allan; De Loecker, Jan - C.E.P.R. Discussion Papers - 2011
total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5 … time-series volatility of productivity are also characterized by greater cross-sectional dispersion in productivity …. Volatility in TFP explains one quarter to one third of cross-country productivity dispersion. We document a similar relationship …
Persistent link: https://www.econbiz.de/10009150947
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R&D and Productivity: Estimating Production Functions when Productivity is Endogenous
Doraszelski, Ulrich; Jaumandreu, Jordi - C.E.P.R. Discussion Papers - 2008
We develop a simple estimator for production functions in the presence of endogenous productivity change that allows us … to retrieve productivity and its relationship with R\&D at the firm level. By endogenizing the productivity process we … as a generalization of the knowledge capital model (Griliches 1979) that has remained a cornerstone of the productivity …
Persistent link: https://www.econbiz.de/10005661740
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Managerial Practices and Students' Performance
Di Liberto, Adriana; Schivardi, Fabiano; Sulis, Giovanni - C.E.P.R. Discussion Papers - 2014
We study the effects of managerial practices in schools on students' outcomes. We measure managerial practices using the World Management Survey, a methodology that enables us to construct robust measures of management quality comparable across countries. We find substantial heterogeneity in...
Persistent link: https://www.econbiz.de/10011083846
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Why crises happen - nonstationary macroeconomics
Davidson, James; Meenagh, David; Minford, Patrick; … - C.E.P.R. Discussion Papers - 2010
A Real Business Cycle model of the UK is developed to account for the behaviour of UK nonstationary macro data. The model is tested by the method of indirect inference, bootstrapping the errors to generate 95% confidence limits for a VECM representation of the data; we find the model can explain...
Persistent link: https://www.econbiz.de/10008784696
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Organizational Economics with Cognitive Costs
Garicano, Luis; Prat, Andrea - C.E.P.R. Discussion Papers - 2011
Organizational economics has advanced along two parallel tracks, one concerned with motivating agents with diverging objectives, the other--less developed--with coordinating agents under cognitive limits. This survey focuses on the second strand and attempts to bring the two strands together....
Persistent link: https://www.econbiz.de/10009002388
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Corporate Control and Executive Selection
Lippi, Francesco; Schivardi, Fabiano - C.E.P.R. Discussion Papers - 2010
, reducing the executives' average ability and the firm productivity. We estimate the structural parameters of the model using a … their executives. These estimates are used to quantify the relevance of private returns and the related productivity gap …
Persistent link: https://www.econbiz.de/10008677237
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On the Road: Access to Transportation Infrastructure and Economic Growth in China
Banerjee, Abhijit; Duflo, Esther; Qian, Nancy - C.E.P.R. Discussion Papers - 2012
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities....
Persistent link: https://www.econbiz.de/10011083596
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A Price Theory of Vertical and Lateral Integration (Revised Version)
Legros, Patrick; Newman, Andrew - C.E.P.R. Discussion Papers - 2012
techno- logical shocks: productivity changes in some firms may induce ownership changes in others. If the enterprise managers …
Persistent link: https://www.econbiz.de/10011083920
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Do Prices Determine Vertical Integration? Evidence from Trade Policy
Alfaro, Laura; Conconi, Paola; Fadinger, Harald; … - C.E.P.R. Discussion Papers - 2012
industrial organization posit that integration, while costly, increases productivity. If true, it follows from firms' maximizing … resulting from enhanced productivity are too small to justify the cost, whereas at higher prices, the revenue benefits exceeds …
Persistent link: https://www.econbiz.de/10011084043
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Rational Inattention and Organizational Focus
Dessein, Wouter; Galeotti, Andrea; Santos, Tano - C.E.P.R. Discussion Papers - 2013
We examine the allocation of scarce attention in team production. Each team member is in charge of a specialized task, which must be adapted to a privately observed shock and coordinated with other tasks. Coordination requires that agents pay attention to each other, but attention is in limited...
Persistent link: https://www.econbiz.de/10011084079