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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
substantial heterogeneity (both across sectors and time) in rates of growth of value-added, hours worked, labour productivity and … Total Factor Productivity during the sample period. The decline in constant price value-added in aggregate manufacturing …
Persistent link: https://www.econbiz.de/10005661254
This chapter reviews the literature on the theory of relational incentive contracts.  It motivates the discussion by the classic applications of relational contracts to the GM-Fisher Body relationship and the relationships between Japanese automobile manufacturers and their subcontractors.  It...
Persistent link: https://www.econbiz.de/10008671389