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Deep dynamics
Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2021
How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
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Nonparametric identification of production function, total factor productivity, and markup from revenue data
Kasahara, Hiroyuki; Sugita, Yoichi - 2020
Commonly used methods of production function estimation assume that a firm's output quantity can be observed as data …
Persistent link: https://www.econbiz.de/10012308513
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Estimating production functions when productivity change is endogenous
Muendler, Marc-Andreas - 2004
Production function estimation with micro-data shows that a persistent unobserved variable varies within firm or plant … over time but resists treatment and may cause biases. This paper presents an estimation model of the firm under endogenous …-effects estimation and remedying commonly suspected biases. Whereas productivity change is measured consistently, scale economies are not …
Persistent link: https://www.econbiz.de/10011402611
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Production function estimation with multi-destination firms
Barrows, Geoffrey; Ollivier, Hélène; Reshef, Ariell - 2023
. Alternative estimation procedures yield unrealistic estimates of returns to scale, demand elasticities, or both. …
Persistent link: https://www.econbiz.de/10014384034
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The short-term effects of school consolidation on student achievement : evidence of disruption?
Beuchert-Pedersen, Louise Voldby; Humlum, Maria Knoth; … - 2016
We exploit variation stemming from school consolidations in Denmark from 2010-2011 to analyze the impact on student achievement as measured by test scores. For each student we observe enrollment and test scores one year prior to school consolidation and up to four years after. We find that...
Persistent link: https://www.econbiz.de/10011536276
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Top of the class : the importance of ordinal rank
Murphy, Richard; Weinhardt, Felix - 2014 - This version: 10 May 2014
This paper examines the long-run impact of ordinal rank during primary school on productivity using comprehensive English administrative data. Identification is obtained from variation in test score distributions across cohorts and subjects, such that the same score relative to the class mean...
Persistent link: https://www.econbiz.de/10010358274
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Production technologies in stochastic continuous time models
Wälde, Klaus - 2009
Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a...
Persistent link: https://www.econbiz.de/10003897386
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The internationalisation of R&D and the knowledge production function
García-Vega, María; Hofmann, Patricia; Kneller, Richard - 2012
This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...
Persistent link: https://www.econbiz.de/10009503803
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On human capital formation with exit options : comment and new results
Poutvaara, Panu (contributor) - 2006
Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which...
Persistent link: https://www.econbiz.de/10003300958
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Nonlinear production, abatement, pollution and materials balance reconsidered
Pethig, Rüdiger (contributor) - 2005
In the environmental economics literature the standard approach of modeling nonlinear production and abatement processes is to treat waste emissions "simply as another factor of production" (Cropper and Oates 1992). That approach doesn't map the materials flow involved completely and hides,...
Persistent link: https://www.econbiz.de/10003201710