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Vives, Xavier - C.E.P.R. Discussion Papers - 2004

I analyse the effects of competition on R&D effort (in a non-tournament context) and obtain robust results that hold for a variety of market structures, including markets with and without barriers to entry and markets characterized by either price or quantity competition. The approach...

Persistent link: https://www.econbiz.de/10005791300

The Territorial Dynamics Of Innovation In China And India

Crescenzi, Riccardo; Rodriguez-Pose, Andres; Storper, … - C.E.P.R. Discussion Papers - 2012

This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … between the provinces and states within both countries are quite different. In China, the concentration of innovation is …. Innovative areas in China, rather than generate knowledge spillovers, seem to produce strong backwash effects. In India, by …

Persistent link: https://www.econbiz.de/10011083752

Scale and Skill in Active Management

Pástor, Luboš; Stambaugh, Robert F.; Taylor, Lucian - C.E.P.R. Discussion Papers - 2014

We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of decreasing returns at the industry level: As the size of the active mutual fund industry increases, a fund's ability to outperform passive benchmarks declines. At the fund level,...

Persistent link: https://www.econbiz.de/10011083369

Cyclical Productivity in Europe and the United States, Evaluating the Evidence on Returns to Scale and Input Utilization

Inklaar, Robert - C.E.P.R. Discussion Papers - 2006

This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries (France, Germany and the Netherlands). Industry-specific demand-side instruments are used to examine the prevalence of non-constant returns to scale and unmeasured input...

Persistent link: https://www.econbiz.de/10005791211

Foreign Ownership, Returns to Scale and Productivity: Evidence from UK Manufacturing Establishments

Girma, Sourafel; Görg, Holger - C.E.P.R. Discussion Papers - 2002

This paper calculates returns to scale and productivity growth in UK manufacturing establishments in the electronics and food industries. Our results show that foreign establishments tend to have lower returns to scale than their domestic counterparts. We also examine the effect of the...

Persistent link: https://www.econbiz.de/10005791647

Capital Utilization and Returns to Scale

Burnside, Craig; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1995

This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labour productivity and the degree of returns to scale. We organize our investigation around five questions that we study using a measure of capital services based on...

Persistent link: https://www.econbiz.de/10005792104

On the Size of the Active Management Industry

Pástor, Luboš; Stambaugh, Robert F. - C.E.P.R. Discussion Papers - 2010

We analyze the equilibrium size of the active management industry and the role of historical data---how investors use it to decide how much to invest in the industry, and how researchers use it to judge whether the industry's size is reasonable. As the industry's size increases, every manager's...

Persistent link: https://www.econbiz.de/10008468523

Cross-Section Estimation of the Matching Function: Evidence from England and Wales

Coles, Melvyn G; Smith, Eric - C.E.P.R. Discussion Papers - 1994

This paper analyses how the levels of unemployment and vacancies affect the rate at which unemployed workers find employment -- the worker-firm `matching function'. In particular we test the robustness of previous empirical work by checking whether we obtain the same estimated function using...

Persistent link: https://www.econbiz.de/10005124473

Twin Peaks in Regional Unemployment and Returns to Scale in Job-Matching in the Czech Republic

Profit, Stefan - C.E.P.R. Discussion Papers - 1999

The regional distribution of unemployment rates in the Czech Republic during the transition period is shown to be characterised by twin peaks, i.e. a high and a low unemployment equilibrium. The emergence of strong regional disparities at the beginning of the 1990s can, at least partially, be...

Persistent link: https://www.econbiz.de/10005497916

Estimates of the Returns to Scale for US Manufacturing

Altug, Sumru G.; Filiztekin, Alpay - C.E.P.R. Discussion Papers - 1999

This paper estimates the degree of the returns to scale for 2-digit U.S. manufacturing industries from the output-based primal and price-based dual equations implied by firms' cost-minimization problems. It seeks to reconcile the cyclical behavior of the primal and dual productivity residuals by...

Persistent link: https://www.econbiz.de/10005067478

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