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Sequentiality versus simultaneity: Interrelated factor demand
Asphjell, Magne Krogstad; Letterie, Wilko; Nilsen, … - 2010
A structural model is developed and estimated by a maximum likelihood routine to investigate interrelated factor demand subject to nonconvex adjustment costs. The dataset concerns Norwegian plants operating in manufacturing industries and it covers the period 1993-2005. The estimates indicate...
Persistent link: https://www.econbiz.de/10010278762
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Sequentiality versus Simultaneity: Interrelated Factor Demand
Asphjell, Magne Krogstad; Letterie, Wilko; Nilsen, … - Institute for the Study of Labor (IZA) - 2010
A structural model is developed and estimated by a maximum likelihood routine to investigate interrelated factor demand subject to nonconvex adjustment costs. The dataset concerns Norwegian plants operating in manufacturing industries and it covers the period 1993-2005. The estimates indicate...
Persistent link: https://www.econbiz.de/10008765234
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Credit Constraints as a Barrier to the Entryand Post-Entry Growth of Firms
Aghion, Philippe; Fally, Thibault; Scarpetta, Stefano - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Advanced market economies are characterized by a continuous process of creativedestruction. Market forces and technological developments play a major role in shaping thisprocess, but institutional and policy settings also influence firms´ decision to enter, to expandif successful and to exit if...
Persistent link: https://www.econbiz.de/10005861084
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Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms
Scarpetta, Stefano; Aghion, Philippe; Fally, Thibault - Institute for the Study of Labor (IZA) - 2007
Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to...
Persistent link: https://www.econbiz.de/10005233782
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Capital prices and Eurozone competitiveness differentials
Askenazy, Philippe - 2013
Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour … costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and … companies can be also observed in some countries. Higher prices impede firm competitiveness in at least two ways: a) investments …
Persistent link: https://www.econbiz.de/10010293218
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Capital Prices and Eurozone Competitiveness Differentials
Askenazy, Philippe - Institute for the Study of Labor (IZA) - 2013
Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour … costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and … companies can be also observed in some countries. Higher prices impede firm competitiveness in at least two ways: a) investments …
Persistent link: https://www.econbiz.de/10010627845
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On the Relationship between Public and Private Investment in the Euro Area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While private and public capital stocks are cointegrated, the...
Persistent link: https://www.econbiz.de/10010333352
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Capital Accumulation and Growth : A New Look at the Empirical Evidence
Schiantarelli, Fabio; Leblebicioglu, Asli; Bond, Steve - 2004
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker, not only temporarily, but also in the steady state. These results are found using pooled annual data for a large panel of countries, using pooled data for non-overlapping...
Persistent link: https://www.econbiz.de/10010261921
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Dynamics of Labour and Capital Adjustment : A Comparison of Germany and the Netherlands
Polder, Michael; Verick, Sher - 2004
In this paper we investigate the dynamic adjustment of labour and capital in German and Dutch firms. The Dutch labour market is characterised by greater flexibility in wages and work arrangements in comparison to Germany. These institutional differences imply that employment dynamics in the two...
Persistent link: https://www.econbiz.de/10010261963
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Technical change and total factor productivity growth for Chinese provinces: a panel data analysis
Shiu, Alice; Heshmati, Almas - 2006
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic variances has been used for the estimation of...
Persistent link: https://www.econbiz.de/10010267745