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We investigate the role of workers’ and managerial experience as a determinant of firm innovation and productivity in a sample of Italian manufacturing firms. A high share of temporary – thus un-experienced - workers is associated to low innovation and productivity. The effect of managerial...
Persistent link: https://www.econbiz.de/10008583733
This paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be costlessly adjusted, and the later model that includes...
Persistent link: https://www.econbiz.de/10005181397
Production function estimation with micro-data shows that a persistent unobserved variable varies within firm or plant … over time but resists treatment and may cause biases. This paper presents an estimation model of the firm under endogenous …-effects estimation and remedying commonly suspected biases. Whereas productivity change is measured consistently, scale economies are not …
Persistent link: https://www.econbiz.de/10005405869
Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production steps....
Persistent link: https://www.econbiz.de/10005196266
different estimation techniques that have been tackling the endogeneity issues concerning the simultaneity, the omitted output …
Persistent link: https://www.econbiz.de/10011210785
Persistent link: https://www.econbiz.de/10001659807
Persistent link: https://www.econbiz.de/10001630164
Processes of transition to democracy and country break up stand out as ideal experiments to estimate the impact of wide … psycho-social environments, which improve with democracy. We analyzed a unique dataset containing individual heights in the … Czech Republic and Slovakia to measure the retrospective well-being effects of the two transitions to liberal democracy and …
Persistent link: https://www.econbiz.de/10011148854
We study the political economy of the environment in autocratic, weak and strong democracies when individuals can either mitigate the health consequences of domestic pollution privately or reduce pollution collectively through public policy. The setting is that of a small open economy in which...
Persistent link: https://www.econbiz.de/10008727301
Paternalism is an attempt to influence individuals’ decisions for their own benefit, even if there are no third parties involved. This seems to contradict normative individualism, which provides the general orientation to our modern democracies. Soft or libertarian paternalism accepts the...
Persistent link: https://www.econbiz.de/10010752158