Showing 1 - 10 of 6,263
Persistent link: https://www.econbiz.de/10001353848
We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974-75 crisis. We use three consistent panel data samples of large firms for1970-79, and rely...
Persistent link: https://www.econbiz.de/10012477531
In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard (S,s) bands, firms' optimal adjustment policies are probabilistic, with a probability of adjusting (adjustment...
Persistent link: https://www.econbiz.de/10012474020
Numerous studies on production and cost, the sources of productivity and studies on endogenous growth have recognized the pivotal role of the physical capital stock. Also there is a clear recognition by economists and policy makers that knowledge capital approximated by R&D capital is crucial...
Persistent link: https://www.econbiz.de/10012474349
In this paper we report results of an exploratory empirical effort examining relationships between investments in high-tech information technology capital and the distribution of employment, both by occupation and by level of educational attainment. Our data cover the two-digit U.S....
Persistent link: https://www.econbiz.de/10012474970
This paper develops a method for joint estimation of both the degree of internal returns to scale and the extent of …-digit level. Overall, we find that only three of the twenty industry categories show any evidence of internal increasing returns …industry and internal to the U.S.. According to our preferred estimates, if all manufacturing industries simultaneously …
Persistent link: https://www.econbiz.de/10012476015
The competitive shock to the U.S. manufacturing sector spurred by rising China import competition could either catalyze or stifle innovation. Using three distinct sources of variation to identify rising trade exposure, we provide a causal analysis of the effect of surging import competition on...
Persistent link: https://www.econbiz.de/10012455801
Between 1990 and 2008, air pollution emissions from U.S. manufacturing fell by 60 percent despite a substantial increase in manufacturing output. We show that these emissions reductions are primarily driven by within-product changes in emissions intensity rather than changes in output or in the...
Persistent link: https://www.econbiz.de/10012457787