Showing 1 - 10 of 303
This paper examines the role of competition in productivity perfromance in Britain over the period from the late … 1930s to the 1970s undermined productivity growth but since the 1970s stronger competition has been a key ingredient in … ending relative economic decline. The productivity implications of the retreat from competition resulted in large part from …
Persistent link: https://www.econbiz.de/10009024927
in the industry's productivity. Second, increased competition, due to the expansion of minimills, drove a substantial …We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older …
Persistent link: https://www.econbiz.de/10011083447
Persistent link: https://www.econbiz.de/10004971346
In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …
Persistent link: https://www.econbiz.de/10008468548
Persistent link: https://www.econbiz.de/10004992943
-level productivity, profitability, Tobin’s Q, sales growth and survival rates. Management practices also display significant cross … competition is weak and/or when (b) family-owned firms pass management control down to the eldest sons (primo geniture). European … firms report lower levels of competition, while French and British firms also report substantially higher levels of primo …
Persistent link: https://www.econbiz.de/10005661978
We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …
Persistent link: https://www.econbiz.de/10005667140
This paper explores the implications of public investment for macroeconomic performance within a simple two-period policymaking model. We show that under the balanced-budget rule, the contribution of public investment to future output plays a key role in determining its effects on macroeconomic...
Persistent link: https://www.econbiz.de/10005791555
We analyse the importance of ERM membership for macroeconomic performance by comparing the behaviour of real output growth and inflation of members and non-members of the ERM. Taking the traditional aggregate supply and demand model as the basis for the analysis, we propose and implement an...
Persistent link: https://www.econbiz.de/10005792086
Recent theories on the origins of crises put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So, are lending booms dangerous? In this Paper, we investigate this question empirically using a broad sample of...
Persistent link: https://www.econbiz.de/10005136756