Similar Search Results

Ten facts on declining business dynamism and lessons from endogenous growth theory

Akcigit, Ufuk; Ates, Sina T. - 2019

explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …

Persistent link: https://www.econbiz.de/10012104042

Robots and firms

Koch, Michael; Manuylov, Ilya; Smolka, Marcel - 2019

We study the implications of robot adoption at the level of individual firms using a rich panel data-set of Spanish manufacturing firms over a 27-year period (1990-2016). We focus on three central questions: (1) Which firms adopt robots? (2) What are the labor market effects of robot adoption at...

Persistent link: https://www.econbiz.de/10011997063

The dynamics of automation adoption : firm-level heterogeneity and aggregate employment effects

Bisio, Laura; Cuzzola, Angelo; Grazzi, Marco; … - 2023

We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian … of Italian importing firms and estimate the effects on adopters' outcomes within a difference-indifferences design … exploiting import lumpiness in product categories linked to automation and AI technologies. We find a positive average adoption …

Persistent link: https://www.econbiz.de/10014383690

Levelized product cost : concept and decision relevance

Reichelstein, Stefan; Rohlfing-Bastian, Anna - 2014

This paper examines a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the levelized product cost (LC). Per unit of output, the levelized...

Persistent link: https://www.econbiz.de/10010234531

An inquiry into the north-south management gap in China

Yong, Soo Keong; Sen, Partha; Cao, Jing - 2024

We identify a puzzling management practice gap in China. In the South, a one standard deviation increase in firms' management competency is associated with a 7.5 percent improvement in sales productivity and a 29.2 increase in profitability. But such associations are muted for firms located in...

Persistent link: https://www.econbiz.de/10014477795

Growing productivity without growing wages : the micro-level anatomy of the aggregate labor share decline

Kehrig, Matthias; Vincent, Nicolas - 2017 - First version: November 2015, this version: March 29, 2017

The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...

Persistent link: https://www.econbiz.de/10011646840

Productivity, price- and wage-markups : an empirical analysis of the Dutch manufacturing industry

Amoroso, Sara; Melenberg, Bertrand; Plasmans, Joseph E. J. - 2015

This paper examines the interaction between productivity growth, firms’ monopolistic market power, and workers’ wage bargaining power. Our study contributes to several strands of literatures. First, we examine a monopolistic framework which accounts for wage bargaining. In addition to the...

Persistent link: https://www.econbiz.de/10010496909

A model of heterogeneous firm matches in cross-border mergers & acquisitions

Brakman, Steven; Garretsen, Harry; Gerritse, Michiel; … - 2018 - This version: May 2018

In contrast to empirical evidence, recent theories of cross-border mergers and acquisitions (M&As) assume perfect knowledge transfers - from high to low productivity firms - between acquirer and target. Using the Melitz (2003) model of heterogeneous firms, we develop a matching model of...

Persistent link: https://www.econbiz.de/10011862878

Taxes, incorporation, and productivity

Barro, Robert J.; Wheaton, Brian - 2019

U.S. businesses can choose to be C-corporations or pass-through entities in the forms of S-corporations, partnerships (notably LLCs), and sole proprietorships. C-corporate status conveys benefits from perpetual legal identity, limited liability, potential for public trading of shares, and...

Persistent link: https://www.econbiz.de/10011966861

Demographic change and bank profitability : empirical evidence from German savings banks

Berlemann, Michael; Oestmann, Marco; Thum, Marcel - 2010

Most European economies will experience significant demographic changes in the decades ahead. Due to low birth rates, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking industry. A unique data set, which contains detailed...

Persistent link: https://www.econbiz.de/10003925219