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Cobb Douglas production function parameters are not identified from cross-section variation when inputs are perfectly flexible and chosen optimally, and input prices are common to all firms. We consider the role of adjustment costs for inputs in identifying these parameters in this context. The...
Persistent link: https://www.econbiz.de/10011152497
This paper proposes a "Flexible Disequilibrium Model" (FDM) which allows for a flexible specification of technology and of firm-level heterogeneity in technical and allocative efficiency levels. FDM is implemented on a G-5 banking dataset covering the period 1989-1996. Significant scale...
Persistent link: https://www.econbiz.de/10005047831
not due to a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10011152503
a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10011152506
'transmission bias' in firm-level studies, which arises from firms' reaction to unobservable productivity realisations when making …
Persistent link: https://www.econbiz.de/10008725685
The labour productivity differentials between manufacturing firms in Ghana and South Korea exceed those implied by … and South Korea.  There is no significant difference in total factor productivity across the countries once we allow for … in the shape of the relationship between productivity and human capital across countries is crucial for understanding the …
Persistent link: https://www.econbiz.de/10011004209
Interconnections among financial institutions create potential channels for contagionand amplification of shocks to the financial system. Contagion occurs when a shock tothe assets of a single firm causes other firms to default through the network of obligations.We say that contagion is weak if...
Persistent link: https://www.econbiz.de/10010605250
industry which depends on fundamentals. In industries with fewer competitors than the critical level, there is productivity …. Above this critical number of competitors, efficient firms price to drive the high cost firms from the market: productivity … of these results are in close keeping with, and provide an explanation for empirical results showing productivity …
Persistent link: https://www.econbiz.de/10004977849
producers in terms of productivity.  They also tend to be larger, more capital intensive and more involved in international … trade.  Further, the findings indicate that foreign ownership leads to significant productivity improvements in the acquired … acquired plants exhibit a 13.5 percent higher productivity than the control group.  The rise in productivity is a result of …
Persistent link: https://www.econbiz.de/10004999234
The paper analyses the effects of the 1990 Brazilian trade liberalization on the total factor productivity, market …
Persistent link: https://www.econbiz.de/10005051080