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Managing trade : evidence from China and the US

Bloom, Nicholas; Manova, Kalina; Van Reenen, John; Sun, … - 2018

We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …

Persistent link: https://www.econbiz.de/10011864551

Public debt and total factor productivity

Kaas, Leo - 2014

This paper explores the role of public debt and fiscal deficits on factor productivity in an economy with credit market frictions and heterogeneous firms. When credit market conditions are sufficiently weak, low interest rates permit the government to run Ponzi schemes so that permanent primary...

Persistent link: https://www.econbiz.de/10010465165

A comprehensive analysis of production efficiency : a tax reform perspective

Jacquet, Laurence; Lehmann, Etienne - 2024

Policies that impact the production sector, such as intermediate goods taxation (e.g. taxing robots) and trade liberalization create winners and losers. When do we need to integrate pre-distribution concerns in the design of these production policies? Should we consider the endogenous changes of...

Persistent link: https://www.econbiz.de/10014543834

Global sourcing decisions and firm productivity : evidence from Spain

Kohler, Wilhelm; Smolka, Marcel - 2009

We investigate the link between productivity of firms and their sourcing behavior. Following Antràs & Helpman (2004) we distinguish between domestic and foreign sourcing, as well as between outsourcing and vertical integration. A firm's choice is driven by a hold-up problem caused by lack of...

Persistent link: https://www.econbiz.de/10003923683

Trade and the environment : the role of firm heterogeneity

Kreickemeier, Udo; Richter, Philipp M. - 2012

This paper derives a new effect of trade liberalisation on the quality of the environment. We show that in the presence of heterogeneous firms the aggregate volume of emissions is influenced not only by the long-established scale effect, but also by a reallocation effect resulting from an...

Persistent link: https://www.econbiz.de/10009570712

Tariffs, trade and productivity : a quantitative evaluation of heterogeneous firm models

Breinlich, Holger; Cuñat, Alejandro - 2013

We examine the quantitative predictions of heterogeneous firm models à la Melitz (2003) in the context of the Canada - US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across a range of standard models and compare them to the...

Persistent link: https://www.econbiz.de/10009773860

Should tax policy favor high- or low-productivity firms?

Langenmayr, Dominika; Haufler, Andreas; Bauer, … - 2012

Heterogeneous firm productivity seems to provide an argument for governments to pursue 'pick-the-winner' strategies by subsidizing highly productive firms more, or taxing them less, than their less productive counterparts. We appraise this argument by studying the optimal choice of effective tax...

Persistent link: https://www.econbiz.de/10009687201

Ehrlich, Maximilian von; Seidel, Tobias - 2012

In contrast to what several papers have argued recently, we show that firm heterogeneity fosters agglomeration of economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower propensity to export. This renders the home market more...

Persistent link: https://www.econbiz.de/10009687249

Electricity and firm productivity : a general-equilibrium approach

Fried, Stephie; Lagakos, David - 2021

Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical studies find modest short-run effects of outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general-equilibrium effects of power...

Persistent link: https://www.econbiz.de/10012745254

Firm heterogeneity, capital misallocation and optimal monetary policy

González, Beatriz; Nuño, Galo; Thaler, Dominik; … - 2021

We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a...

Persistent link: https://www.econbiz.de/10012697125

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