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I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...
Persistent link: https://www.econbiz.de/10014243755
function, total factor productivity, price markups over marginal costs, output prices, output quantities, a demand system, and …
Persistent link: https://www.econbiz.de/10013315013
productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …
Persistent link: https://www.econbiz.de/10013314751
We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …
Persistent link: https://www.econbiz.de/10014348039
This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After …
Persistent link: https://www.econbiz.de/10012867873
economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower …
Persistent link: https://www.econbiz.de/10010291502
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade … liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on … industry. Using firm level data from China, we document that wholesalers play no such role for direct importers. However, other …
Persistent link: https://www.econbiz.de/10012857766
matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese … firms position themselves in global production lines and how this evolves with productivity and performance over the firm … production stages conducted in China over the 1992-2014 period, both in the aggregate and within firms over time. Firms span more …
Persistent link: https://www.econbiz.de/10012501399
Political connections between firms and autocratic regimes are not secret and often even publicly displayed in many developing economies. We argue that tying a firm's available rent to a regime's survival acts as a credible commitment forcing entrepreneurs to support the government and to exert...
Persistent link: https://www.econbiz.de/10013317003
We construct a novel data set to show that, between 2003-2020, up to one-fifth of America’s largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of “universal” and...
Persistent link: https://www.econbiz.de/10014077008