Showing 1 - 10 of 21
-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led …
Persistent link: https://www.econbiz.de/10013038317
We present a heterogeneous-firm model in which management ability increases both production efficiency and product quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First, better...
Persistent link: https://www.econbiz.de/10012916617
Productivity is a key determinant of the sustainability of the public finances. While the initial impact of Covid-19 on … labor productivity growth shows a surprisingly positive impact, the impact on total factor productivity (TFP) is less clear … medium term. These numbers comprise a large reduction in ‘within-firm’ productivity as intermediate costs increased due to …
Persistent link: https://www.econbiz.de/10013221960
The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …
Persistent link: https://www.econbiz.de/10013240940
We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …
Persistent link: https://www.econbiz.de/10013116932
We propose uncertainty shocks as a new shock that drives business cycles. First, we demonstrate that microeconomic uncertainty is robustly countercyclical, rising sharply during recessions, particularly during the Great Recession of 2007-2009. Second, we quantify the impact of time-varying...
Persistent link: https://www.econbiz.de/10013065796
I speculate that technological spillover effects may have become more important over time as IT penetrated the U.S. economy. The rationale is that IT may speed up the process of knowledge transfer and make these knowledge spillovers more effective. Using US input-output tables for years 1958,...
Persistent link: https://www.econbiz.de/10013068477
productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such … literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity … regulation. The largest section analyses the impact of HRM on productivity emphasizing issues of methodology, data and results …
Persistent link: https://www.econbiz.de/10013069842
Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has...
Persistent link: https://www.econbiz.de/10013054045
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …. The model provides a good fit to the dynamics of firm entry and exit, output and R&D. Taxing the continued operation of … incumbents can lead to sizable gains (of the order of 1.4% improvement in welfare) by encouraging exit of less productive firms …
Persistent link: https://www.econbiz.de/10013064072