This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery … industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital … inputs as well as the determinants of productivity growth in the U.S. and Japanese electrical machinery industry. The …

We compute rates of growth in labor productivity during the 1973-80 period for samples of individual manufacturing … contribution of such expenditures to productivity growth was about the same in both countries. Hence, the rather large differences … on the observed rates of productivity growth between the two countries can not be accounted for by differences in either …

prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … run movements in total factor productivity and (ii) such stock prices innovations do not affect U.S. sectoral TFPs …

in our model are caused by declines in expected returns, increases in expected profitability, or increases in prior … uncertainty about average profitability. The model predicts that IPO waves are preceded by high market returns, followed by low …

have high industry-level dispersion of profitability have on average higher market-to-book ratios than firms in low … dispersion industries. This positive relation between market-to-book ratios and industry profitability dispersion is economically …

We explore how changes in ownership and managerial control affect the productivity and profitability of producers … gains in capacity utilization that raised both their productivity and profitability levels, consistent with acquiring owner … century, we find a more nuanced picture than the straightforward "higher productivity buys lower productivity" story commonly …

A positive productivity shock in the host country tends typically to increase the volume of the desired FDI flows to … the host country, through the standard marginal profitability effect. But, at the same time, such a shock may lower the … likelihood of making any new FDI flows by the source country, through a total profitability effect, derived from the a general …

) 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 …

negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by …This paper examines the impact of unionization on profit- ability, growth and productivity using time series data on … analysis is that information about union wage and productivity effects is not sufficient to permit prediction of the sign (or …