contribution of the number of firm-products, their average attributes (quality and efficiency) and heterogeneity around the mean …

This paper develops and applies a test of the property rights theory of the firm in the context of global input …), 552-80, to derive a new prediction regarding how the productivity of a firm affects its choice between vertical … robust firm-level evidence from Spain showing that, in line with our prediction, the effect of productivity works more …

the 1980s. C-corporate form is subject to a time varying tax wedge, which offsets the productivity benefits. In a … (productivity), the share of total output generated by C-corporations, and the sensitivity of this share to the tax wedge. This … in the tax wedge since 1968 has expanded economy-wide productivity by about 4% …

Corporate versus pass-through status trades off productivity benefits (related to perpetual identity, limited liability … productivity (TFP) and corporate shares of economic activity, implies that, for 1958-2013, the declining wedge and gap between … corporate and pass-through productivity contributed 0.37% per year out of the total TFP growth rate of 1.09% per year. From 1994 …