Showing 1 - 10 of 68
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/10005700577
This paper explores the link between exports and total factor productivity (TFP) for Brazilian manufacturing firms over … the period 2000-2008, both under the assumption of an exogenous or an endogenous law of motion for productivity. The … law of motion for productivity, which reinforces the importance of accounting for firm export status to study the …
Persistent link: https://www.econbiz.de/10011263003
The standard indicators used to compare cross-country innovation are in the Global Competitiveness Report (GCR). But there are problems with aggregation and response bias with these largely self-reported measures (Hollanders and van Cruysen, 2008). We propose a theory-based metric using Data...
Persistent link: https://www.econbiz.de/10010886857
question whether this has led to productivity gains within firms. I address this question by combining industry-level data on … offshoring and domestic outsourcing with a firm panel. I find that offshoring of non-core activities has led to productivity … gains whereas offshoring of core activities and domestic outsourcing have had no such effects. The estimated productivity …
Persistent link: https://www.econbiz.de/10010886967
Learning-by-exporting proponents argue that exporting increases productivity by exposing producers to new technologies … new knowledge, exporting to less developed markets should not generate as much productivity growth as exporting to … highest productivity premium and that the ability to benefit from exporting in general and exporting to advanced markets in …
Persistent link: https://www.econbiz.de/10010886992
This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and...
Persistent link: https://www.econbiz.de/10011263001
This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over eighty quarters it is...
Persistent link: https://www.econbiz.de/10005083405
Persistent link: https://www.econbiz.de/10009276152
If firms were animals rather than economic entities, a behavioral scientist trying to describe their traits would observe that firms tend to be found in herds and usually migrate towards the biggest watering holes. This paper surveys the literature on the questions why firms grow stronger with...
Persistent link: https://www.econbiz.de/10009276542
on domestic productivity. The domestic R&D capital stock plays an active role in Western Europe while in the Eastern part … transition countries seem to gain more in terms of productivity from the international diffusion process than their Western …
Persistent link: https://www.econbiz.de/10005755110