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Hoping to Win, Expected to Lose: Theory and Lessons on Micro Enterprise Development
Karlan, Dean; Udry, Christopher; Knight, Ryan - National Bureau of Economic Research (NBER) - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10010950711
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A Comment on Nishimura, Nakajima, and Kiyota's "Does the natural selection mechanism still work in severe recessions? Examination of the Japanese economy in the 1990s"
Horioka, Charles Yuji; Okada, Tae - National Bureau of Economic Research (NBER) - 2007
Nishimura et al. (2005) analyze the entry/exit behavior of Japanese firms during the 1990s and find that relatively efficient firms exited while relatively inefficient firms survived during the banking-crisis period of 1996-97. They conclude that the natural selection mechanism (NSM) apparently...
Persistent link: https://www.econbiz.de/10005084454
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Slow Recoveries
Bergoeing, Raphael; Loayzaw, Norman; Repetto, Andrea - National Bureau of Economic Research (NBER) - 2004
Economies respond differently to aggregate shocks that reduce output. While some countries rapidly recover their pre-crisis trend, others stagnate. Recent studies provide empirical support for a link between aggregate growth and plant dynamics through its effect on productivity: the entry and...
Persistent link: https://www.econbiz.de/10005085138
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The Impact of Trade on Organization and Productivity
Rossi-Hansberg, Esteban; Caliendo, Lorenzo - National Bureau of Economic Research (NBER) - 2011
A firm's productivity depends on how production is organized given the level of demand for its product. To capture this …
Persistent link: https://www.econbiz.de/10009251507
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Uncovering Some Causal Relationships between Productivity Growth and the Structure of Economic Fluctuations: A Tentative Survey
Aghion, Philippe; Saint-Paul, Gilles - National Bureau of Economic Research (NBER) - 1993
externalities, productivity growth and direct production activities are complements. An expansion therefore has a positive long …-by-doing', productivity growth and production activities are substitutes. The opportunity cost of some productivity improving activities falls …
Persistent link: https://www.econbiz.de/10005714057
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International Differences in Lean Production, Productivity and Employee Attitudes
Helper, Susan; Kleiner, Morris M. - National Bureau of Economic Research (NBER) - 2007
The study examines US-European productivity and worker attitude differences, focusing on changes in incentive structures. We analyze productivity and worker attitudes in five plants in the UK and US belonging to the same multinational producer of automotive sensors and actuators. We examine the...
Persistent link: https://www.econbiz.de/10005774713
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Wages, Unemployment and Inequality with Heterogeneous Firms and Workers
Helpman, Elhanan; Redding, Stephen James; Itskhoki, Oleg - National Bureau of Economic Research (NBER) - 2008
In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors as a function of structural parameters. We find...
Persistent link: https://www.econbiz.de/10005774821
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Innovation and Welfare: Results from Joint Estimation of Production and Demand Functions
Jaumandreu, Jordi; MAIRESSE, Jacques - National Bureau of Economic Research (NBER) - 2010
This paper develops a simple framework to estimate the parameters of the production function together with the …
Persistent link: https://www.econbiz.de/10008540043
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Agricultural Decisions after Relaxing Credit and Risk Constraints
Karlan, Dean; Udry, Christopher; Osei, Robert Darko; … - National Bureau of Economic Research (NBER) - 2012
leads to significantly larger agricultural investment and riskier production choices in agriculture. The binding constraint … to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face … insurance are consistent with the presence of important basis risk associated with the index insurance, with imperfect trust …
Persistent link: https://www.econbiz.de/10010969291
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Exporting and Plant-Level Efficiency Gains: It's in the Measure
Marin, Alvaro Garcia; Voigtländer, Nico - National Bureau of Economic Research (NBER) - 2013
While there is strong evidence for productivity-driven selection into exporting, previous research has mostly failed to identify export-related efficiency gains within plants. This non-result is derived from revenue productivity (TFPR), thus also reflecting pricing decisions of exporters. Using...
Persistent link: https://www.econbiz.de/10010969319