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The Macroeconomics of Intensive Agriculture
Boppart, Timo; Kiernan, Patrick; Krusell, Per; … - National Bureau of Economic Research - 2023
Developing countries employ a very large share of their workforce in agriculture, a sector in which their labor … productivity is particularly low. We take a macroeconomic approach to analyze the role of agriculture in development. We construct … dramatically relative to labor prices; concurrently, capital and intermediate input use in agriculture increases by a factor of 300 …
Persistent link: https://www.econbiz.de/10014250119
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Entry, Exit, Firm Dynamics, and Aggregate Fluctuations
Clementi, Gian Luca - 2013
Do firm entry and exit play a major role in shaping aggregate dynamics? Our answer is yes. Entry and exit propagate the effects of aggregate shocks. In turn, this results in greater persistence and unconditional variation of aggregate time-series. These are features of the equilibrium allocation...
Persistent link: https://www.econbiz.de/10012459446
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Technology Adoption Under Uncertainty : Take-Up and Subsequent Investment in Zambia
Jack, B. Kelsey - 2015
Many technology adoption decisions are made under uncertainty about the costs or benefits of subsequent investments in the technology after the initial take-up. As new information is realized, agents may prefer to abandon a technology that appeared profitable at the time of take-up. Low rates of...
Persistent link: https://www.econbiz.de/10012457254
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Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice
Gaynor, Martin - 1987
with theoretical work on internal theory of the firm, which predicts that productivity compensation schemes will work well … production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency …
Persistent link: https://www.econbiz.de/10012476899
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Does EdTech Substitute for Traditional Learning? Experimental Estimates of the Educational Production Function
Bettinger, Eric - 2020
Experimental studies rarely consider the shape and nature of the education production function, which is useful for deriving optimal levels of input substitution in increasingly resource constrained environments. Because of the rapid expansion of EdTech as a substitute for traditional learning...
Persistent link: https://www.econbiz.de/10012481924
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Some Unpleasant Markup Arithmetic : Production Function Elasticities and their Estimation from Production Data
Bond, Steve - 2020
The ratio estimator of a firm's markup is the ratio of the output elasticity of a variable input to that input's cost share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator. Concerning identification: (i) if the revenue...
Persistent link: https://www.econbiz.de/10012481959
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Markups and firm-level export status
De Loecker, Jan - 2009
Estimating markups has a long tradition in industrial organization and international trade. Economists and policy makers are interested in measuring the effect of various competition and trade policies on market power, typically measured by markups. The empirical methods that were developed in...
Persistent link: https://www.econbiz.de/10012463451
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Panel Data Estimates Of The Production Function And Product And Labor Market Imperfections
Dobbelaere, Sabien - 2008
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10012464671
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Using Investment Data to Assess the Importance of Price Mismeasurement
Comin, Diego - 2004
This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb-Douglas production function, output price mismeasurement...
Persistent link: https://www.econbiz.de/10012468065
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The Shape of Production Function and the Direction of Technical Change
Jones, Charles I. - 2004
This paper views the standard production function in macroeconomics as a reduced form and derives its properties from microfoundations. The shape of this production function is governed by the distribution of ideas. If that distribution is Pareto, then two results obtain: the global production...
Persistent link: https://www.econbiz.de/10012468236