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While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...
Persistent link: https://www.econbiz.de/10012984746
This paper assesses the quantitative importance of including sectoral heterogeneity in computing the gains from trade. Our framework draws from Caliendo and Parro (2015) and has sectoral heterogeneity along five dimensions, including the elasticity of trade to trade costs. We estimate the...
Persistent link: https://www.econbiz.de/10013307825
The correlation between productivity and competition is an oft–observed but ill–understood result. Some suggest that … there is a treatment effect of competition on measured productivity, e.g. through a reduction of managerial slack. Others … argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals …
Persistent link: https://www.econbiz.de/10012872303
The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the...
Persistent link: https://www.econbiz.de/10013252312
autarkies" to a nationally integrated market. I demonstrate that the results of increased competition were" what industrial …
Persistent link: https://www.econbiz.de/10013233735
, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …
Persistent link: https://www.econbiz.de/10013137012
improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which … the effects of upstream competition vary with distance to frontier on a panel of 15 OECD countries and 20 sectors over … to the productivity frontier …
Persistent link: https://www.econbiz.de/10013136026
through learning by doing. These models imply that increased specialization accelerates productivity growth by more fully … realizing dynamic economies of scale. In order to test the hypothesis that specialization increases productivity growth in LDCs … countries, the index of specialization is positively and significantly correlated with manufacturing productivity growth. We …
Persistent link: https://www.econbiz.de/10013114979
This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity … through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression …-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted …
Persistent link: https://www.econbiz.de/10013046151
estimated with greater precision. The most empirically successful models include productivity measures, government spend- ing …
Persistent link: https://www.econbiz.de/10013248247