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both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10013129215
productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … explores complementarity in information acquisition. Because information about future productivity has a high fixed cost of … production and a low marginal cost of replication, sectors can share the cost to forecast their sector-specific productivity …
Persistent link: https://www.econbiz.de/10012778290
Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with … to be more vertically integrated. To quantify the impact of these distortions on aggregate productivity, we construct a … that enforcement frictions lower aggregate productivity to an extent that is relevant on the macro scale …
Persistent link: https://www.econbiz.de/10012912175
This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to 1827. These estimates are used to assess the vulnerability of the antebellum iron industry to foreign competition and the role of the tariff in fostering the industry's early...
Persistent link: https://www.econbiz.de/10012775911
Over the course of the nineteenth century manufacturing in the United States shifted from artisan shop to factory … building of extensive railroad network. Using a newly created data set of manufacturing establishments linked to county level … data on rail access from 1850-70, we ask whether the coming of the railroad increased establishment size in manufacturing …
Persistent link: https://www.econbiz.de/10012769675
The adoption and diffusion of inputs in the production network is at the heart of technological progress. What determines which inputs are initially considered and eventually adopted by innovators? We examine the evolution of input linkages from a network perspective, starting from a stylized...
Persistent link: https://www.econbiz.de/10013055829
Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covariance matrix of hourly output and revenues across all wind and solar locations in the state. Annual...
Persistent link: https://www.econbiz.de/10012985578
Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
Persistent link: https://www.econbiz.de/10012992631
Understanding inventory movements is central to an understanding of business cycles. This paper presents an empirical study of the behavior of inventories in the automobile industry. It finds that inventory behavior is well explained by the assumption of intertemporal optimization with rational...
Persistent link: https://www.econbiz.de/10013224209
This paper examines how devaluations affect the relative costs of labor and capital and therefore influence production, profitability, investment, and stock returns for firms in the 'crisis' country as well as competitors in the rest of the world. After developing these ideas in a small,...
Persistent link: https://www.econbiz.de/10013211638