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Accounting for the Evolution of China's Production and Trade Patterns
Huang, Hanwei; Ju, Jiandong; Yue, Vivian Z. - National Bureau of Economic Research - 2024
This paper studies the evolution of China's production and trade patterns during its integration into the global … economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using … that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity …
Persistent link: https://www.econbiz.de/10014544694
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Committing to Grow : Privatizations and Firm Dynamics in East Germany
Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - National Bureau of Economic Research - 2023
This paper investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with penalties for non-compliance. Using a dynamic model, we...
Persistent link: https://www.econbiz.de/10014337877
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Causal Interpretation of Structural IV Estimands
Andrews, Isaiah; Barahona, Nano; Gentzkow, Matthew Aaron; … - National Bureau of Economic Research - 2023
differentiated goods demand with endogenous prices and models of production with endogenous inputs …
Persistent link: https://www.econbiz.de/10014421224
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Are Supply Networks Efficiently Resilient?
Capponi, Agostino; Du, Chuan; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024
production capacity to hedge against supply and demand shocks. But the social benefits of such investments are not internalized …
Persistent link: https://www.econbiz.de/10014512075
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Misallocation in Firm Production : A Nonparametric Analysis Using Procurement Lotteries
Carrillo, Paul E.; Donaldson, Dave; Pomeranz, Dina; … - National Bureau of Economic Research - 2023
How costly is the misallocation of production that we might expect to result from distortions such as market power …
Persistent link: https://www.econbiz.de/10014322699
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Techies and Firm Level Productivity
Harrigan, James; Reshef, Ariell; Toubal, Farid - National Bureau of Economic Research - 2023
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first report new facts on the role of techies in the firm by using French administrative data and unique surveys. Techies are STEM-skill intensive and are associated with innovation,...
Persistent link: https://www.econbiz.de/10014322729
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Concentration, Market Power, and Misallocation : The Role of Endogenous Customer Acquisition
Afrouzi, Hassan; Drenik, Andres; Kim, Ryan - National Bureau of Economic Research - 2023
This paper explores how different margins of market share are related to markups. Using merged microdata on producers and consumers, we document that a firm's market share is mainly related to its number of customers, while its price-cost markup is associated only with its average sales per...
Persistent link: https://www.econbiz.de/10014322802
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Remote Work and City Structure
Monte, Ferdinando; Porcher, Charly; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023
CBD allows them to interact with other commuters, which enhances their productivity through a standard production …
Persistent link: https://www.econbiz.de/10014322881
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Learning, Sophistication, and the Returns to Advertising : Implications for Differences in Firm Performance
Tadelis, Steve; Hooton, Christopher; Manjeer, Utsav; … - National Bureau of Economic Research - 2023
Why do establishments exhibit wide variation in their productivity and profitability? Can variation in returns to advertising help answer this question? We present results from a large field experiment on Facebook and Instagram that documents variance in advertisers' ability to generate returns...
Persistent link: https://www.econbiz.de/10014250218
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Corporate Valuation : An Empirical Comparison of Discounting Methods
Hommel, Nicolas; Landier, Augustin; Thesmar, David - National Bureau of Economic Research - 2023
show that under standard assumptions about the production function, the value loss from using the CAPM can be sizable, of …
Persistent link: https://www.econbiz.de/10013537790