Showing 1 - 10 of 1,816
This article examines the role of the interaction between product market and labor market imperfections in determining total factor productivity growth (TFPG). Embedding Dobbelaere and Mairesse's (2009) generalization of Hall's (1990) approach, allowing for the possibility that wages are...
Persistent link: https://www.econbiz.de/10003974678
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10009691623
regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …
Persistent link: https://www.econbiz.de/10011547934
Aggregated output in industrialized countries has become less volatile over the past decades. Whether this Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that...
Persistent link: https://www.econbiz.de/10003720335
develops a theoretical model that studies how firms optimally split knowledge between their headquarters and their production … plants if communication costs impede the access of production plants to headquarter knowledge. The paper assumes that the …-multinationals. This helps explain why multinational firms pay higher wages to their production workers than non-multinational firms, and …
Persistent link: https://www.econbiz.de/10011281300
How do geographic frictions affect firm organization? We show theoretically and empirically that geographic frictions increase the use of middle managers in multi-establishment firms. In our model, we assume that the time of the CEO of a firm is a resource of limited supply that is shared among...
Persistent link: https://www.econbiz.de/10011955563
We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true …
Persistent link: https://www.econbiz.de/10014556632
Persistent link: https://www.econbiz.de/10003623797
From a theoretical perspective, the output gap is probably the most comprehensive and convincing concept to describe the cyclical position of an economy. Unfortunately, for practical purposes, the concept depends on the determination of potential output, which is an inherently unobservable...
Persistent link: https://www.econbiz.de/10008797779
This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using a rich panel data-set of 25,360 firms observed over the period 2004-2007. This industry is characterized by its important reliance on technology. In particular, the paper...
Persistent link: https://www.econbiz.de/10010356360