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establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation …
Persistent link: https://www.econbiz.de/10013154485
Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that enter in year t are less productive than incumbent...
Persistent link: https://www.econbiz.de/10012777270
extensive and the intensive margins and the connection between exporting dynamics and plant-level total factor productivity … and account for a small share of gross, industry-level changes in exports, employment, output, and productivity. The … distribution of exports are positively correlated with changes in total factor productivity. Our results suggest that plants face …
Persistent link: https://www.econbiz.de/10013324807
We study how workers' wages respond to TFP-driven innovations in firms' labor productivity. Using unique data with … highly reliable firm-level output prices and quantities in the manufacturing sector in Sweden, we are able to derive measures … of physical (as opposed to revenue) TFP to instrument labor productivity in the wage equations. We find that the reaction …
Persistent link: https://www.econbiz.de/10013124492
This paper studies the cross-border health and productivity effects of alcohol taxes. We estimate the effect of a large … cut in the Finnish alcohol tax on mortality, alcohol related illnesses and work absenteeism in Sweden. This tax cut led to … the Finnish border are compared to changes in other parts of northern Sweden. We use register data where micro level data …
Persistent link: https://www.econbiz.de/10013109431
This paper investigates how physical, organisational, institutional, cognitive, social, and ethnic proximities between inventors shape their collaboration decisions. Using a new panel of UK inventors and a novel identification strategy, this paper systematically explores the net effects of all...
Persistent link: https://www.econbiz.de/10013071741
We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …
Persistent link: https://www.econbiz.de/10012848978
productivity growth than other firms, including other host country suppliers of multinationals. These findings provide first …
Persistent link: https://www.econbiz.de/10013087413
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements …
Persistent link: https://www.econbiz.de/10013039087
innovation on firm survival and firm productivity, which constitute the two main channels through which innovation drives growth …-linearity and volatility in the gains from R&D/innovation, particularly in terms of its effects on firm survival and productivity … perspectives that inform the empirical models allow for heterogeneity in the effects of R&D/innovation on firm survival and …
Persistent link: https://www.econbiz.de/10012823863