Showing 1 - 10 of 594
Almost two thirds of the cross-plant dispersion in marginal revenue products of capital occurs across plants within the same firm rather than between firms. Even though firms allocate invest- ment very differently across their plants, they do not equalize marginal revenue products across their...
Persistent link: https://www.econbiz.de/10011624203
, reduce their bank lending, lower their investment rate and labor productivity, and reduce their output and TFP growth by …
Persistent link: https://www.econbiz.de/10012120233
This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using … important reliance on technology. In particular, the paper focuses on the role of other firms' productivity as well as … productivity shifters in affecting own firm-level total factor productivity. In addition, this paper examines the possible …
Persistent link: https://www.econbiz.de/10010356360
This study provides a test for measurement of spatial competition in residential real estate markets. Several alternative spatial competition measures are tested. We employ a Bertrand oligopoly model with differentiated products and adopt a Spatial Autoregressive model using a two stage least...
Persistent link: https://www.econbiz.de/10015074587
analysis reveals a rising low-income country trade share around and after China's accession to the World Trade Organization … evidence for sequential sorting into different export-modes according to firm productivity: i) only the most productive firms …
Persistent link: https://www.econbiz.de/10010391833
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade … liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on … industry. Using firm level data from China, we document that wholesalers play no such role for direct importers. However, other …
Persistent link: https://www.econbiz.de/10012138753
Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …
Persistent link: https://www.econbiz.de/10012418448
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 19952006 to generate impulse responses of key macroeconomic variables to a monetary policy...
Persistent link: https://www.econbiz.de/10003872444
This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...
Persistent link: https://www.econbiz.de/10003624430
Persistent link: https://www.econbiz.de/10003711851