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Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...
Persistent link: https://www.econbiz.de/10013070743
profit-deviating preferences from the state-defined regulatory status of nonprofit production. We argue that this separation … is crucial in providing predictions about the underlying forces which allow the coexistence of nonprofit and for-profit … separating choice of nonprofit status from profit-deviating preferences, the paper provides predictions about the forces which …
Persistent link: https://www.econbiz.de/10013224865
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 … negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by …
Persistent link: https://www.econbiz.de/10013212600
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 …
Persistent link: https://www.econbiz.de/10013244088
new enterprises. After these reforms, however, it has taken a number of years before output and productivity have begun to … result, it takes time before the benefits of reform show up in increases in measured output and productivity. To establish a … that it takes 5-7 years until measured output and productivity begin to grow rapidly following reform. This finding …
Persistent link: https://www.econbiz.de/10013313235
percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At … average wholesale prices the value of this increased efficiency is approximately $2.5 billion annually and implies an annual …
Persistent link: https://www.econbiz.de/10013121046
empirical finding.Three elaborations to the basic production frontier framework are developed and used to interpret the accident-productivity …
Persistent link: https://www.econbiz.de/10013236836
sector ownership has no independent impact on productivity growth. The finding that ownership per se does not matter, but …
Persistent link: https://www.econbiz.de/10013210597
-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups …
Persistent link: https://www.econbiz.de/10012980667
This paper analyzes the possibility and the consequences of rational bubbles in a dy- namic economy where financially constrained firms demand and supply liquidity. Bub- bles are more likely to emerge, the scarcer the supply of outside liquidity and the more limited the pledgeability of...
Persistent link: https://www.econbiz.de/10013130781