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Productivity, Welfare and Reallocation: Theory and Firm-Level Evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - Institute for the Study of Labor (IZA) - 2009
We prove that the change in welfare of a representative consumer is summarized by the current and expected future … while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …
Persistent link: https://www.econbiz.de/10008514853
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The Radical Innovation Investment Decision Refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …
Persistent link: https://www.econbiz.de/10010791525
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Innovation, Employment and Skills in Advanced and Developing Countries: A Survey of the Literature
Vivarelli, Marco - Institute for the Study of Labor (IZA) - 2012
This paper critically discusses the theoretical and empirical literature on the quantitative and qualitative employment impact of technological change, compares the relative explanatory power of the competing theories, and explains in detail the macro and micro evidence on the issue, with...
Persistent link: https://www.econbiz.de/10009646305
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Industrialization Lessons from BRICS: A Comparative Analysis
Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10010884080
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Do Institutions, Ownership, Exporting and Competition Explain Firm Performance? Evidence from 26 Transition Countries
Commander, Simon; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2007
We analyze a large stratified random sample of firms that provide us with measures of performance and each firm’s top manager’s perception of the severity of business environment constraints faced by his/her firm. Unlike most existing studies that rely on external and aggregated proxy...
Persistent link: https://www.econbiz.de/10005822639
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Institutions and Economic Performance: What Can Be Explained?
Commander, Simon; Nikoloski, Zlatko - Institute for the Study of Labor (IZA) - 2010
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms. We look at three 'levels' of institutions and associated...
Persistent link: https://www.econbiz.de/10008684814
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Corporate Efficiency, Credit Status and Investment
Quader, Manzur; Taylor, Karl - Institute for the Study of Labor (IZA) - 2014
Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...
Persistent link: https://www.econbiz.de/10010790512
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Top Team Diversity and Business Performance: Latent Class Analysis for Firms and Cities
Nathan, Max - Institute for the Study of Labor (IZA) - 2014
A growing number of studies find linkages between workforce diversity and business performance, but key aspects of this relationship remain unclear. First, within the firm, the role of 'top team' demography on firm outcomes is surprisingly little understood. Second, urban location may amplify...
Persistent link: https://www.econbiz.de/10010959751
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Do Business Groups Help or Hinder Technological Progress in Emerging Markets? Evidence from India
Bhaumik, Sumon K.; Zhou, Ying - Institute for the Study of Labor (IZA) - 2014
Business groups, which are ubiquitous in emerging market economies, balance the advantages of characteristics such as internal capital markets with the disadvantages such as inefficient internal distribution of resources and suppression of technological and other forms of innovativeness. In this...
Persistent link: https://www.econbiz.de/10010884118
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Wages, Employment, and Capital in Capitalist and Worker-Owned Firms
Pencavel, John; Pistaferri, Luigi; Schivardi, Fabiano - Institute for the Study of Labor (IZA) - 2006
Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a matched employer-worker panel data set from Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms. These differences are related to orthodox...
Persistent link: https://www.econbiz.de/10005233888