Showing 1 - 10 of 1,532
-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related …
Persistent link: https://www.econbiz.de/10014400197
It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule. This paper introduces in an otherwise standard real...
Persistent link: https://www.econbiz.de/10014394298
productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the … firms in the presence of distortions: (i) Both export and import expansion increase average firm productivity, but the …
Persistent link: https://www.econbiz.de/10012301837
Persistent link: https://www.econbiz.de/10010389578
We provide the first direct estimates of distribution expenses incurred by manufacturing plants and assess their importance for aggregate output. Using a novel measure from the Indian Annual Survey of Industries, we document three key facts: (1) distribution expenses are large - they amount to...
Persistent link: https://www.econbiz.de/10013170582
What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper …
Persistent link: https://www.econbiz.de/10012795165
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...
Persistent link: https://www.econbiz.de/10012154588
this paper, we investigate whether higher productivity causally leads to lower tax evasion. We first present stylized facts … emerging and developing economies. Our results suggests that productivity improvements by firms can lead to lower tax evasion …
Persistent link: https://www.econbiz.de/10012154898
productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …
Persistent link: https://www.econbiz.de/10014400236
productivity and that they impact the degree of R&D spillovers …
Persistent link: https://www.econbiz.de/10014400689