This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The … mysterious doubling in the ratio of output to capital input when the postwar era is compared with 1870-1929. Measurement … the measurement of capital. A new MFP series taking account of all these adjustments grows more slowly throughout, and the …

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …

This paper examines the role of competition in productivity perfromance in Britain over the period from the late … 1930s to the 1970s undermined productivity growth but since the 1970s stronger competition has been a key ingredient in … ending relative economic decline. The productivity implications of the retreat from competition resulted in large part from …

in the industry's productivity. Second, increased competition, due to the expansion of minimills, drove a substantial …We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older …

-level productivity, profitability, Tobin’s Q, sales growth and survival rates. Management practices also display significant cross … competition is weak and/or when (b) family-owned firms pass management control down to the eldest sons (primo geniture). European … firms report lower levels of competition, while French and British firms also report substantially higher levels of primo …

errors of returns under serial correlation. The repeat sales methodology is generally used to construct an index of prices or …

number unemployed in various trade unions and it has a number of well known flaws. The index is weighted by membership of … sectors based on proxies for employment. These are weighted according to labour force shares but the index still excludes … deviation than the Board of Trade index. The wide swings in unemployment during the 1870s are confirmed but the amplitude of …

In this article, we review the literature on the measurement of trade costs in international trade with a special …