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We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation through a cost-push channel and raised inflation...
Persistent link: https://www.econbiz.de/10014421216
consequences of changing firm concentration: productivity, distortions, selection into exporting, scale economies, and … firms is attributable to higher productivity growth rather than differential distortions. Exceptional performance of the top …
Persistent link: https://www.econbiz.de/10014635611
We use a unique high-frequency micro-dataset to estimate the slope of the primitive form of the New Keynesian Phillips curve, which features marginal cost as the relevant real activity variable. Our dataset encompasses product-level prices, costs, and output within the Belgian manufacturing...
Persistent link: https://www.econbiz.de/10014322770
wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across … productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising … dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low …
Persistent link: https://www.econbiz.de/10012471311
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and … it ignores the additional capital formation made possible by an increase in productivity and therefore understates … productivity's true importance. Our estimates suggest that the understatement may be quite large, and that one might better ask if …
Persistent link: https://www.econbiz.de/10012471341
productivity of the targeted industries and regions grew significantly faster than those of non-targeted ones. While the plant …-level total factor productivity also grew faster in targeted industries and regions, the misallocation of resources within them … got significantly worse, especially among the entrants, so that the total factor productivity at the industry-region level …
Persistent link: https://www.econbiz.de/10012629472
In principle, firms in developing countries benefit from the fact that advanced technologies and products have already been developed in industrialized countries and can simply be adopted, a process often referred to as industrial upgrading. But for many firms this advantage remains elusive....
Persistent link: https://www.econbiz.de/10012696370
This paper provides an overview of recent trends in the U.S. basic industries. It first documents the dramatic fall in their shares of domestic employment and global production. It then considers explanations for these industries' relative -- and, in some instances, absolute -- decline. Those...
Persistent link: https://www.econbiz.de/10012476880
We compute rates of growth in labor productivity during the 1973-80 period for samples of individual manufacturing … contribution of such expenditures to productivity growth was about the same in both countries. Hence, the rather large differences … on the observed rates of productivity growth between the two countries can not be accounted for by differences in either …
Persistent link: https://www.econbiz.de/10012477298