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We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10013136032
This paper investigates the role of policies and institutions for aggregate labour market dynamics during the recent financial crisis using firm-level data. First, it provides comparable estimates on firm-level labor adjustment by country, industry and firm size. Second, using variance...
Persistent link: https://www.econbiz.de/10013081802
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm …-country differences in key economic outcomes, such as productivity or output per capita, to differences in policies and institutions that … determinants of productivity at the firm-level and the evolution of the distribution of productivity across firms within each …
Persistent link: https://www.econbiz.de/10013153504
productivity. In particular, we find that doubling agricultural credits generates around 4-5 percent increase in agricultural … productivity. We use two different agricultural production measures: (i) the agricultural component of GDP and (ii) agricultural … labor productivity. Employing a combination of panel-data and instrumental- variable methods, we show that agricultural …
Persistent link: https://www.econbiz.de/10012842059
first comprehensive evidence on the relationship between productivity and size of the export market for Germany, a leading … actor on the world market for manufactured goods. It documents that firms that export to countries inside the euro-zone are …
Persistent link: https://www.econbiz.de/10013317178
, R&D investments, and productivity across 12 OECD economies and 17 manufacturing and service industries. Much of the … positive relationship between those cognitive skills and the labour productivity in a country-sector combination. The part of … the cross-country cross-sector variation in labour productivity that can be explained by human capital is remarkably large …
Persistent link: https://www.econbiz.de/10012966051
We study the importance of linguistic diversity in the workplace for workplace productivity. While cultural diversity … might improve productivity through new ideas and innovation, linguistic diversity might increase communication costs and … thereby reduce productivity. We apply a new measure of languages' linguistic proximity to Norwegian linked employer …
Persistent link: https://www.econbiz.de/10012862465
We analyse how changes in international trade integration affect productivity and the functional income distribution … integration increases productivity. Second, we show that international tradeintegration is associated with higher labour shares in …
Persistent link: https://www.econbiz.de/10014355913
We examine the relationship between wealth and health through prominent growth indicators and cognitive ability. Cognitive ability is represented by nutritional status. The proxy variable for nutritional status is BMI. We use the reduced form equation in the cubic specification of time...
Persistent link: https://www.econbiz.de/10013324576
productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. This paper provides a comprehensive analysis … of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that …
Persistent link: https://www.econbiz.de/10013325040