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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
The literature has pointed to different causes to explain the productivity gap between Europe and United States in the … last decades. This paper tests the hypothesis that the lower European productivity performance in comparison with the US …&D investment into productivity gains. The proposed microeconometric estimates are based on a unique longitudinal database covering …
Persistent link: https://www.econbiz.de/10013127961
specification of TFP is based on a "neo-Schumpeterian" empirical specification in which productivity improvements depend on growth … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both … to reduce the productivity performance of firms. The negative effect is particularly strong on firms characterised by an …
Persistent link: https://www.econbiz.de/10013129907
understand the link between institutions and an economy's productivity distribution …
Persistent link: https://www.econbiz.de/10013129918
This paper analyzes whether part-time employment is beneficial for firm productivity in the service sector. Using a … productivity, we estimate a production function including heterogeneous employment shares based on work hours. We find that a … larger part-time employment share leads to greater firm productivity. Additional data on the timing of labor demand show that …
Persistent link: https://www.econbiz.de/10013131420
productivity and a risky technology with productivity subject to sizeable shocks. Strict EPL makes the risky technology relatively … less attractive because it is more costly to shed workers upon receiving a low productivity draw. We calibrate the model … mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995 …
Persistent link: https://www.econbiz.de/10013133623
improve the business conditions in one country have negative productivity and welfare effects on the trading partner. Second …
Persistent link: https://www.econbiz.de/10013134819
, especially for males and in the physical sciences in the U.S. A higher rate of growth of non-farm productivity encouraged PhD …
Persistent link: https://www.econbiz.de/10013134990
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013138258
and productivity hold in the years before the export start, which indicates self-selection into exporting of more …
Persistent link: https://www.econbiz.de/10013138673