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Multiple-product firms and product switching

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - London School of Economics (LSE) - 2010

This paper examines the frequency, pervasiveness, and determinants of product switching by US manufacturing firms. We find that one-half of firms alter their mix of five-digit SIC products every five years, that product switching is correlated with both firm- and firm-product attributes, and...

Persistent link: https://www.econbiz.de/10010745219

Minimum wages and firm profitability

Draca, Mirko; Machin, Stephen; Van Reenen, John - London School of Economics (LSE) - 2006

reductions resulted in increases in firm exit, so our findings may be consistent with redistribution of quasi-rents towards low …

Persistent link: https://www.econbiz.de/10010746021

Falling trade costs, heterogeneous firms and industry dynamics

Bernard, Andrew B.; Bradford Jensen, J.; Schott, Peter K. - London School of Economics (LSE) - 2003

This paper examines the response of industries and firms to changes in trade costs. Several new firm-level models of international trade with heterogeneous firms predict that industry productivity will rise as trade costs fall due to the reallocation of activity across plants within an industry....

Persistent link: https://www.econbiz.de/10010746589

Does the underground economy hold back financial deepening? Evidence from the Italian credit market

Gobbi, Giorgio; Zizza, Roberta - London School of Economics (LSE) - 2007

labour on banks’ entry decisions in the local credit markets, now defined in terms of provinces. …

Persistent link: https://www.econbiz.de/10010744823

The remains of regulation: airlines' profits after liberalization

Marin, Pedro L. - London School of Economics (LSE) - 1995

This paper develops an empirical model of entry to analyze the effect of previous regulation on European airlines? post … perceived quality, leading to a situation in which they are less likely to enter a route, but also less likely to exit. …

Persistent link: https://www.econbiz.de/10010928653

Heterogeneous mark-ups, growth and endogenous misallocation

Peters, Michael - London School of Economics (LSE) - 2013

with firms’ innovation and entry decisions, which determine the economy’s growth rate. To study this link between … relationship between growth, misallocation and welfare. It stresses the importance of entry. An increase in entry reduces … misallocation by fostering competition. If entry also increases the economy-wide growth rate, static misallocation and growth are …

Persistent link: https://www.econbiz.de/10010884565

The asymmetric experience of positive and negative economic growth: global evidence using subjective well-being data

De Neve, Jan-Emmanuel; Ward, George W.; de Keulenaer, Femke - London School of Economics (LSE) - 2014

Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative economic growth are experienced, with losses having more than twice as much impact on...

Persistent link: https://www.econbiz.de/10011206863

Environmental policy and the economic downturn

Bowen, Alex; Stern, Nicholas - London School of Economics (LSE) - 2010

This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008-09 for environmental policies, focusing in particular on the example of action against climate change. The arguments for and...

Persistent link: https://www.econbiz.de/10010744909

U.S. labor market dynamics revisited

Yashiv, Eran - London School of Economics (LSE) - 2007

The picture of U.S. labor market dynamics is opaque. Empirical studies have yielded contradictory findings and debates have emerged regarding their implications. This paper aims at clarifying the picture, which is important for the understanding of the operation of the labor market, for the...

Persistent link: https://www.econbiz.de/10010745208

Resurrecting the participation margin

Ebell, Monique - London School of Economics (LSE) - 2008

This paper considers a real business cycle model with search frictions in the labor market and labor supply which is elastic along the extensive (participation) margin. Previous authors have found that such models generate counterfactually procyclical unemployment and a positively-sloped...

Persistent link: https://www.econbiz.de/10010745347