Showing 1 - 10 of 170
This paper calculates returns to scale and productivity growth in UK manufacturing establishments in the electronics … productivity growth. We use a matching and difference-in-differences methodology which allows us to construct a reasonable … counterfactual and to determine the post-acquisition changes in RTS and productivity that can be attributed to the incidence of …
Persistent link: https://www.econbiz.de/10005791647
This paper provides a microeconomic model of matching which implies that the standard, reduced form approach, is misspecified. A simple model is analysed (with help-wanted/employment-needed advertising) where the matching rate depends not only on the stocks of unemployed and vacancies in the...
Persistent link: https://www.econbiz.de/10005662102
Based on evidence about industrial organization and market structure, this paper develops a CGE model with increasing returns to scale (IRTS) in selected industrial sectors in order to estimate the welfare gains Korea would achieve from abolishing the import restraints (tariffs and equivalent...
Persistent link: https://www.econbiz.de/10005662390
This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries … explain procyclical productivity. However, this correction still leaves one in three U.S. industries with procyclical … productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries. …
Persistent link: https://www.econbiz.de/10005791211
in labour productivity and the degree of returns to scale. We organize our investigation around five questions that we …
Persistent link: https://www.econbiz.de/10005792104
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
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
behavior of the primal and dual productivity residuals by allowing for nonconstant returns to scale and imperfect competition …. Likewise, the presence of the quasi-fixity of capital helps to reconcile the behavior of the primal and dual productivity …
Persistent link: https://www.econbiz.de/10005067478
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
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