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This paper deals with a dynamic adjustment process in which adjustment of a key variable input (labor) towards its desired level is modeled in a panel data context. The partial adjustment type model is extended to incorporate firm- and time-specific adjustment parameter. A flexible (translog)...
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This paper investigates the relative labor productivity level for total manufacturing in Germany, Sweden and the US for the period 1980-2001. The paper also presents estimates of labor productivity levels for 18 different manufacturing industries for the period 1993-2000. The results show that...
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harmed by currency depreciations. The evidence regarding the profitability and financial fragility ratios is consistent with … ones: in Asia firms become more fragile after the crisis and their profitability declines and leverage increases further … ; capital structure ; profitability ; financial fragility ; exchange rates …
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