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Oil Prices, Profits, and Recessions: An Inquiry Using Terrorism as an Instrumental Variable
Chen, Natalie; Graham, Liam; Oswald, Andrew - C.E.P.R. Discussion Papers - 2008
effects upon profitability. We test for weak instruments and check sub-sample robustness. Our findings seem to lend support to …
Persistent link: https://www.econbiz.de/10005498032
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Minimum Wages and Firm Profitability
Draca, Mirko; Machin, Steve; Van Reenen, John - C.E.P.R. Discussion Papers - 2006
other aspects of firm behaviour. In this paper we consider the impact of minimum wages on firm profitability by exploiting … firm profitability was significantly reduced (and wages significantly raised) by the minimum wage introduction. This … residential care homes, and a second on firms across all sectors). Interestingly, we find no evidence that the profitability …
Persistent link: https://www.econbiz.de/10005124436
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Why Firms Form Research Joint Ventures: Theory and Evidence
Röller, Lars-Hendrik; Siebert, Ralph; Tombak, Mihkel - C.E.P.R. Discussion Papers - 1997
The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product market complementarities and firm heterogeneity. We analyse a model of RJVs with asymmetric firms...
Persistent link: https://www.econbiz.de/10005662169
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Entry Mistakes
Cabral, Luís M B - C.E.P.R. Discussion Papers - 1997
Frequently, aspiring entrants have only limited information about their potential rivals’ entry decisions. As a result, the outcome of the entry game may be that more firms enter than the market can sustain; or, at least, that unnecessary entry investments are made. We refer to these outcomes...
Persistent link: https://www.econbiz.de/10005662244
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Restructuring And Productivity Growth In UK Manufacturing
Disney, Richard F; Haskel, Jonathan; Heden, Ylva - C.E.P.R. Discussion Papers - 2000
We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the relative importance of 'internal' restructuring (such as new technology and organizational change) and 'external' restructuring...
Persistent link: https://www.econbiz.de/10005666830
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Skills, human capital and the plant productivity gap: UK evidence from matched plant, worker and workforce data
Haskel, Jonathan; Hawkes, Denise; Pereira, Sonia - C.E.P.R. Discussion Papers - 2005
Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more productive firms hire more skilled workers: in 2000, plants at the top decile of the TFP distribution (controlling for their four-digit industry) hired workers with, on average, around...
Persistent link: https://www.econbiz.de/10005497762
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When are Supply and Demand Determined Recursively Rather than Simultaneously? Another look at the Fulton Fish Market Data
Graddy, Kathryn; Kennedy, Peter E - C.E.P.R. Discussion Papers - 2007
When a supply and demand model is recursive, with errors uncorrelated across the two equations, ordinary least squares (OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night’s catch, so this would appear to be a good example of a...
Persistent link: https://www.econbiz.de/10005504667
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A Note on Detecting Learning by Exporting
De Loecker, Jan - C.E.P.R. Discussion Papers - 2010
Learning by exporting refers to the mechanism whereby firms improve their performance (productivity) after entering export markets. Although this mechanism is often mentioned in policy documents, a significant share of econometric studies has not found evidence for this hypothesis. This paper...
Persistent link: https://www.econbiz.de/10008784762
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Openness and Industrial Response in a Wal-Mart World: A Case Study of Mexican Soaps, Detergents and Surfactant Producers
Javorcik, Beata; Keller, Wolfgang; Tybout, James R - C.E.P.R. Discussion Papers - 2006
This paper uses a case study approach to explore the effects of NAFTA and GATT membership on innovation and trade in the Mexican soaps, detergents and surfactants (SDS) industry. Several basic findings emerge. First, the most fundamental effect of NAFTA and the GATT on the SDS industry was to...
Persistent link: https://www.econbiz.de/10005661768
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Payment Evasion
Buehler, Stefan; Halbheer, Daniel; Lechner, Michael - C.E.P.R. Discussion Papers - 2015
This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...
Persistent link: https://www.econbiz.de/10011276378