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Measuring Aggregate Productivity Growth Using Plant-Level Data
Petrin, Amil; Levinsohn, James A. - 2021
We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost of primary inputs. We show how to aggregate plant-level data to this measure and how to use plant-level data to decompose our measure into technical efficiency and reallocation...
Persistent link: https://www.econbiz.de/10013222069
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Export Dynamics in Colombia : Firm-Level Evidence
Eaton, Jonathan - 2007
Using transactions-level customs data from Colombia, we study firm-specific export patterns over the period 1996 … previous year. These new exporters tend to be extremely small in terms of their overall contribution to export revenues, and … most do not continue exporting in the following year. Hence export sales are dominated by a small number of very large and …
Persistent link: https://www.econbiz.de/10012775737
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Market Entry Costs, Producer Heterogeneity, and Export Dynamics
Das, Sanghamitra; Roberts, Mark J.; Tybout, James - 2021
As the exchange rate, foreign demand, production costs and export promotion policies evolve, manufacturing firms are … continually faced with two issues: Whether to be an exporter, and if so, how much to export. We develop a dynamic structural model … of export supply that characterizes these two decisions and estimate the model using plant-level panel data on Colombian …
Persistent link: https://www.econbiz.de/10013249348
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Corporate Taxes and Incentives and the Structure of Production : a Selected Survey
Bernstein, Jeffrey I. - 2010
In this paper we develop a general intertemporal model of production, emphasizing the role of present and expected future corporate income taxes, credits and allowances along with costly adjustment and variable utilization of the quasi-fixed factors. Three specific issues are considered: 1) the...
Persistent link: https://www.econbiz.de/10013140072
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The Importance of Education and Skill Development for Economic Growth in the Information Era
Hulten, Charles R. - 2017
The neoclassical growth accounting model used by the BLS to sort out the contributions of the various sources of growth in the U.S. economy accords a relatively small role to education. This result seems at variance with the revolution in information technology and the emergence of the...
Persistent link: https://www.econbiz.de/10012940803
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The Incidence and Efficiency Costs of Corporate Taxation When Corporate and Noncorporate Firms Produce the Same Good
Gravelle, Jane - 2010
This year marks the twenty-fifth anniversary of Arnold Harberger's celebrated model of the corporation income tax. While the model has been enormously useful as an analytical device for studying two sector economies, its usefulness for understanding the incidence and excess burden of the...
Persistent link: https://www.econbiz.de/10012760229
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On the Theory of Productive Saving
Ehrlich, Isaac - 2010
The central thesis of this paper is that the management of portfolios incorporating a variety of investment assets does require the use of time and other scarce resources in searching for, collecting, interpreting, and applying relevant information. Accordingly, the returns on these assets would...
Persistent link: https://www.econbiz.de/10012763226
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Rethinking Production Under Uncertainty
Cochrane, John H. - 2019
Conventional models of production under uncertainty specify that output is produced in fixed proportions across states of nature. I investigate a representation of technology that allows firms to transform output from one state to another. I allow the firm to choose the distribution of its...
Persistent link: https://www.econbiz.de/10012858030
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The Learning Curve and Optimal Production Under Uncertainty
Majd, Saman; Pindyck, Robert S. - 2021
This paper examines the implications of the learning curve in a world of uncertainty. We consider a competitive firm whose costs decline with cumulative output. Because the price of the firm's output evolves stochastically, future production and cumulative output are unknown, and are contingent...
Persistent link: https://www.econbiz.de/10013216125
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Markup Behavior in Durable and Nondurable Manufacturing : A Production Theory Approach
Morrison Paul, Catherine J. - 2021
In this paper I provide a production theory-based framework for measuring markups of price over marginal coat, and the effects of cost and demand characteristics on these markups. Price to marginal coat ratios are measured for various Canadian manufacturing industries, and the impacts of...
Persistent link: https://www.econbiz.de/10013219311