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Analysis of firm-level panel data from three sub-Saharan African economies shows that exporting manufacturers have a total factor productivity premium of 11-28 percent. The data do not allow testing of whether these premiums are caused by selection of more efficient producers into exporting or...
Persistent link: https://www.econbiz.de/10013317891
This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing measurement error or transitory income shocks and an...
Persistent link: https://www.econbiz.de/10013086320
We examine the association between capital inflows and industry growth in a sample of 22 emerging market economies from 1998 to 2010. We expect more external finance dependent industries in countries that host more capital inflows to grow disproportionately faster. This is indeed the case in the...
Persistent link: https://www.econbiz.de/10012962170
We examine the extent to which declining manufacturing employment may havecontributed to increasing inequality in …, high income inequality playeda large role. This is because manufacturing job loss typically implies a move to the …
Persistent link: https://www.econbiz.de/10012860990
The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the … labor costs have had a positive impact on U.S. manufacturing production. While we find it unlikely for manufacturing to … become a main engine of growth in the United States, we find that U.S. manufacturing exports could provide nonnegligible …
Persistent link: https://www.econbiz.de/10013057733
rate, external and domestic demand, and structural changes on firms' profitability in Colombia's manufacturing sector … imported inputs as Colombian manufacturing firms become more domestically oriented. At the same time, some structural changes … weak performance of Colombia's manufacturing sector in recent years. This paper examines the effects of the real exchange …
Persistent link: https://www.econbiz.de/10013021774
manufacturing sectors across 64 countries. A robust finding is that bureaucratic and costly entry regulations tend to hamper … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …
Persistent link: https://www.econbiz.de/10012918554
Nonviable 'zombie' firms have become a key concern in China. Using novel firm-level industrial survey data, this paper … vulnerabilities and low productivity. As a group, zombie firms and SOEs account for an outsized share of corporate debt, contribute to … much of the rise in debt, and face weak fundamentals. Empirical results also show that resolving these weak firms can …
Persistent link: https://www.econbiz.de/10012929944
. At middle incomes energy and income move in lockstep. The decline in the manufacturing share of value added, globally … manufacturing sector has reduced (increased) US (China) energy demand by 4.1 (10.7) percent between 1990 and 2017 …
Persistent link: https://www.econbiz.de/10013252030
from different countries. We investigate the validity of this assumption by estimating manufacturing export equations for …
Persistent link: https://www.econbiz.de/10013212031