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empirical finding.Three elaborations to the basic production frontier framework are developed and used to interpret the accident-productivity …
Persistent link: https://www.econbiz.de/10012477724
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … reallocations and plant-level technical efficiency changes while allowing in the estimation for 459 different production … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector …
Persistent link: https://www.econbiz.de/10012461957
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10012462858
to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most …This paper aims to examine the productivity change of the Japanese economy using the data pertaining to the 47 … prefectures during the period 1981-2000. The decomposition analysis of the Hicks-Moorsteen-Bjurek productivity index is conducted …
Persistent link: https://www.econbiz.de/10012467310
for capital. We find a negative cross-country correlation between the efficiency of unskilled labor and the efficiencies … this frontier, increases in the efficiency of unskilled labor are obtained at the cost of declines in the efficiency of …
Persistent link: https://www.econbiz.de/10012470833
find that a 0.01 increase in the import share leads to a 1.05% gain in technical efficiency. This elasticity translates …
Persistent link: https://www.econbiz.de/10012455045
We study how innovation and technology diffusion interact to endogenously determine the productivity distribution and … productivity distribution. With finite support, the aggregate growth rate cannot exceed the maximum growth rate of innovators …
Persistent link: https://www.econbiz.de/10012455586
We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient recapitalization program injects capital against preferred stock plus warrants and conditions implementation on sufficient bank participation....
Persistent link: https://www.econbiz.de/10012463719
We study the impact of firm level choices of ICT, R&D, exporting and importing on the evolution of productivity and its … "techies". We develop a methodology for estimating firm level productivity that allows us to measure both Hicks-neutral and … from 2009 to 2013. We find that techies and importing of intermediate inputs raise skill-biased productivity, while imports …
Persistent link: https://www.econbiz.de/10012480946
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10012461916