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-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the …
Persistent link: https://www.econbiz.de/10013230828
factor productivity and output per worker. Our theory also suggests that productivity differences should be highest in medium … these tasks are designed to be used by skilled workers, productivity in the LDCs will be low. Even when all countries have … equal access to new technologies, this mismatch between skills and technology can lead to sizable differences in total …
Persistent link: https://www.econbiz.de/10013232716
While there is widespread empirical evidence indicating exporting producers have higher productivity than nonexporters … methods, inputs, and product designs from their international contacts, and this learning results in higher productivity for … exporters relative to their more insulated domestic counterparts. Alternatively, the higher productivity of exporters may simply …
Persistent link: https://www.econbiz.de/10013225131
productivity growth, higher markups in product markets, and spending declines resulting from tighter lending standards at financial …
Persistent link: https://www.econbiz.de/10012992651
) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the … productivity measures. If prices reflect idiosyncratic demand or market power shifts, high "productivity" businesses may not be … selection and productivity growth using data from industries where we observe producer-level quantities and prices separately …
Persistent link: https://www.econbiz.de/10013249707
annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement … productivity show the importance of allowing for differences based on plant technology. In a model incorporating technology …Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using …
Persistent link: https://www.econbiz.de/10013243926
We study how international trade affects manufacturing employment and the relative wage of unskilled workers when goods and services are traded with different intensities. Manufacturing trade reduces manufacturing prices worldwide, which reduces manufacturing employment if manufactures and...
Persistent link: https://www.econbiz.de/10012954463
Short run gravity is a geometric weighted average of long run gravity and bilateral capacity. The model features (i) joint trade costs endogenous to bilateral volumes, (ii) long run gravity as a limiting case of efficient investment in bilateral capacities, (iii) a structural ratio of short run...
Persistent link: https://www.econbiz.de/10012955434
We investigate the role of industry specialization in horizontal cross-border mergers and acquisitions. We find that acquirers from more specialized industries in a country are more likely to buy foreign targets in countries that are less specialized in these same industries. The role of...
Persistent link: https://www.econbiz.de/10012978843
Does national market size matter for industrial structure? This has been suggested by theoretical work on home market' effects, as in Krugman (1980, 1995). In this paper, I show that what previously was regarded as an assumption of convenience - transport costs only for the differentiated goods...
Persistent link: https://www.econbiz.de/10013216856