industries to which the hypothesis is relevant, markups change in the direction predicted by the theory. These changes are …

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 …

The purpose of this paper is to treat scale economies, profit-maximizing markups, economic profitability, capacity … utilization and productivity growth within an integrated structural model, and to assess their interactions empirically using … annual two-digit U.S. manufacturing data. Attention is focused on error biases in measuring productivity using traditional …

We consider a tractable model of heterogeneous production units that features endogenous entry and productivity … standard factor misallocation framework, policy distortions featuring a positive productivity elasticity of distortions imply … larger reductions in output through smaller investments in establishment productivity. A calibrated version of the model …

The present study is the second is a series of three papers devoted to issues in the measurement of productivity and … productivity growth. The contributions of the present paper are three. First, it introduces a new approach to measuring industrial … productivity based on income-side data that are published by the Bureau of Economic Analysis (BEA). The data are internally …

change. This provides a bridge between the productivity literature and the welfare-related literature that tends to reason in … terms of net product functions: although the relevant income measure is net of depreciation, productivity is measured based … on gross output. We show that net product, net income, net expenditure and productivity change are complements, not …

In this paper we employ index number theory in addressing the problem of adjusting real national income and real … domestic product for changes in a country's terms of trade. More specifically, using recent developments in the theory of … business sector;(ii) productivity growth or technical change; (iii) the effects on domestic real output of changes in the terms …