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This study investigates the relationship between production efficiency in financial intermediation and financial system size. The study predicts and tests for the existence of ""systemic scale economies"" (SSEs), whereby value-maximizing intermediaries operating in large systems are expected to...
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We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the …
Persistent link: https://www.econbiz.de/10012487176
Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000- 2015. Second, the markup...
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This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we … distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs …. Lower output tariffs can produce productivity gains by inducing tougher import competition whereas cheaper imported inputs …
Persistent link: https://www.econbiz.de/10014400616
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and … growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the five …
Persistent link: https://www.econbiz.de/10014394381
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This paper examines the variation in life cycle growth across the universe of Mexican firms. We establish two stylized facts to motivate our analysis: first, we show that firm size matters for development by illustrating a close correlation with state-level per capita incomes. Second, we show...
Persistent link: https://www.econbiz.de/10012102218