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This paper assesses the empirical relevance of "dynamic" factors in industrialization in developing countries. Using data from a sample of 91 firms, rates of growth of output per unit of input are calculated. It is shown that there is little basis, at least with regard to Turkish experience, to...
Persistent link: https://www.econbiz.de/10012478603
We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost … and sunk costs, and market power. We compare our measure of aggregate productivity growth to several competing variants … that are based only on a single plant-level factor of technical efficiency. We show that theory suggests our measure may …
Persistent link: https://www.econbiz.de/10012466784
allow for investment in physical capital and aggregate fluctuations. In the aftermath of a positive productivity shock, the … common productivity component reverts to its unconditional mean, the new entrants that survive become more productive over …
Persistent link: https://www.econbiz.de/10012459446
Persistent link: https://www.econbiz.de/10013336444
Persistent link: https://www.econbiz.de/10000748760
In this paper we provide an integrative treatment of the welfare effects of trade and industrial policy under oligopoly, and characterize qualitatively the form that optimal intervention takes under a variety of assumptions about the number of firms, their conjectures about the response of their...
Persistent link: https://www.econbiz.de/10012477861
Does national market size matter for industrial structure? This has been suggested by theoretical work on home market' effects, as in Krugman (1980, 1995). In this paper, I show that what previously was regarded as an assumption of convenience - transport costs only for the differentiated goods...
Persistent link: https://www.econbiz.de/10012472738
This paper considers why non-monetary means of exchange, such as barter and the reciprocation of favors, are chosen by firms despite the usual benefits of monetary transactions. We consider the chosen means of exchange when both monetary and non-monetary exchange mechanisms are available. We...
Persistent link: https://www.econbiz.de/10012473069
Measures of long term trends in world export prices of manufactured goods and in the terms of trade between manufactured goods and primary products are sensitive to the choice of country weights and of base periods and, most important of all, the treatment of quality change. Later base periods...
Persistent link: https://www.econbiz.de/10012474261
Almost all of the large literature on international trade with imperfect competition assumes exogenous market structures. The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model....
Persistent link: https://www.econbiz.de/10012475752