Showing 1 - 10 of 1,069
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012104132
determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …
Persistent link: https://www.econbiz.de/10011399314
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
This paper quantifies the origins of firm size heterogeneity when firms are interconnected in a production network. Using the universe of buyer-supplier relationships in Belgium, the paper develops a set of stylized facts that motivate a model in which firms buy inputs from upstream suppliers...
Persistent link: https://www.econbiz.de/10011956292
Persistent link: https://www.econbiz.de/10003623797
This paper provides a direct test of how fixed export costs and productivity jointly determine firm-level export …, while those with higher productivity export more. These outcomes are the foundation of the widely-used sorting mechanism in … the trade models with firm heterogeneity. A particular and novel finding is that high-productivity nonexporters face …
Persistent link: https://www.econbiz.de/10010256719
adverse consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that … data predicts 10 percent lower aggregate labor productivity in East Germany. …
Persistent link: https://www.econbiz.de/10013201697
In 2011, the EU-South Korea Free Trade Agreement (EUKFTA) entered into force. With its focus on non-tariff barriers (NTBs), it is a leading example of a deep new generation agreement. Using detailed French customs data for the period 2000 to 2016, we investigate how exporters of different size...
Persistent link: https://www.econbiz.de/10012489630
countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity …. Nonetheless, previous empirical studies often fail to account for productivity effects, and their results may overstate the role … controlling for productivity effects. Indeed, when market competition and productivity effects are both accounted for, trade …
Persistent link: https://www.econbiz.de/10009489291
In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...
Persistent link: https://www.econbiz.de/10012104042