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Foreign Ownership, Returns to Scale and Productivity: Evidence from UK Manufacturing Establishments

Girma, Sourafel; Görg, Holger - C.E.P.R. Discussion Papers - 2002

This paper calculates returns to scale and productivity growth in UK manufacturing establishments in the electronics … productivity growth. We use a matching and difference-in-differences methodology which allows us to construct a reasonable … counterfactual and to determine the post-acquisition changes in RTS and productivity that can be attributed to the incidence of …

Persistent link: https://www.econbiz.de/10005791647

Do Oil Price Increases Cause Higher Food Prices?

Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2013

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers...

Persistent link: https://www.econbiz.de/10011084483

Scale and Skill in Active Management

Pástor, Luboš; Stambaugh, Robert F.; Taylor, Lucian - C.E.P.R. Discussion Papers - 2014

We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of decreasing returns at the industry level: As the size of the active mutual fund industry increases, a fund's ability to outperform passive benchmarks declines. At the fund level,...

Persistent link: https://www.econbiz.de/10011083369

Cyclical Productivity in Europe and the United States, Evaluating the Evidence on Returns to Scale and Input Utilization

Inklaar, Robert - C.E.P.R. Discussion Papers - 2006

This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries … explain procyclical productivity. However, this correction still leaves one in three U.S. industries with procyclical … productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries. …

Persistent link: https://www.econbiz.de/10005791211

Capital Utilization and Returns to Scale

Burnside, Craig; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1995

in labour productivity and the degree of returns to scale. We organize our investigation around five questions that we …

Persistent link: https://www.econbiz.de/10005792104

On the Size of the Active Management Industry

Pástor, Luboš; Stambaugh, Robert F. - C.E.P.R. Discussion Papers - 2010

We analyze the equilibrium size of the active management industry and the role of historical data---how investors use it to decide how much to invest in the industry, and how researchers use it to judge whether the industry's size is reasonable. As the industry's size increases, every manager's...

Persistent link: https://www.econbiz.de/10008468523

Cross-Section Estimation of the Matching Function: Evidence from England and Wales

Coles, Melvyn G; Smith, Eric - C.E.P.R. Discussion Papers - 1994

This paper analyses how the levels of unemployment and vacancies affect the rate at which unemployed workers find employment -- the worker-firm `matching function'. In particular we test the robustness of previous empirical work by checking whether we obtain the same estimated function using...

Persistent link: https://www.econbiz.de/10005124473

Twin Peaks in Regional Unemployment and Returns to Scale in Job-Matching in the Czech Republic

Profit, Stefan - C.E.P.R. Discussion Papers - 1999

The regional distribution of unemployment rates in the Czech Republic during the transition period is shown to be characterised by twin peaks, i.e. a high and a low unemployment equilibrium. The emergence of strong regional disparities at the beginning of the 1990s can, at least partially, be...

Persistent link: https://www.econbiz.de/10005497916

Estimates of the Returns to Scale for US Manufacturing

Altug, Sumru G.; Filiztekin, Alpay - C.E.P.R. Discussion Papers - 1999

behavior of the primal and dual productivity residuals by allowing for nonconstant returns to scale and imperfect competition …. Likewise, the presence of the quasi-fixity of capital helps to reconcile the behavior of the primal and dual productivity …

Persistent link: https://www.econbiz.de/10005067478

Understanding the Matching Function: The Role of Newspapers and Job Agencies

Coles, Melvyn G - C.E.P.R. Discussion Papers - 1994

This paper provides a microeconomic model of matching which implies that the standard, reduced form approach, is misspecified. A simple model is analysed (with help-wanted/employment-needed advertising) where the matching rate depends not only on the stocks of unemployed and vacancies in the...

Persistent link: https://www.econbiz.de/10005662102

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