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This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
Persistent link: https://www.econbiz.de/10011378362
This note identifies profit shifting in response to cross-countrydifferences in corporate tax rates as a source of productivitymismeasurement. To quantify the magnitude of mismeasurement, theprofit-shifting effect is isolated from other possible effects ofcorporatetax rates changes on real...
Persistent link: https://www.econbiz.de/10011304391
home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs … suggests that the effect of offshoring manufacturing and services on total factor productivity (TFP) is positive and larger … than the effect of R&D on productivity. …
Persistent link: https://www.econbiz.de/10011373831
exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970 … considerably to aggregate manufacturing energy-productivity growth and, hence, to decoupling, while in other countries they partly … manufacturing labour-productivity developments. Furthermore, we find labour-productivity growth to be higher on average than energy-productivity …
Persistent link: https://www.econbiz.de/10011334858
Measuring the dispersion of productivity or efficiency across firms in a market or industry is rife with methodological … to increase dispersion. This chapter presents a guide to measurement of dispersion and provides empirical evidence from a …
Persistent link: https://www.econbiz.de/10011622903
Persistent link: https://www.econbiz.de/10003774506
To gain insights in the current status of the economy, macroeconomic time series are often decomposed into trend, cycle and irregular components. This can be done by nonparametric band-pass filtering methods in the frequency domain or by model-based decompositions based on autoregressive moving...
Persistent link: https://www.econbiz.de/10011346480
We adopt an unobserved components time series model to extract financial cycles for the United States and the five largest euro area countries over the period 1970 to 2014. We find that credit, the credit-to-GDP ratio and house prices have medium-term cycles which share a few common statistical...
Persistent link: https://www.econbiz.de/10011456728
changing over time. Model-based procedures for the measurement of business cycles should therefore allow model parameters to … model specifications for the parameters are therefore not required. Parameter estimation is carried out in the frequency …
Persistent link: https://www.econbiz.de/10011350381
In response to technological change, U.S. corporations have been investing more in intangible capital. This transformation is empirically associated with lower leverage and greater cash holdings, and commonly explained as a precautionary response to reduced debt capacity. We model how firms'...
Persistent link: https://www.econbiz.de/10011556238