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We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for...
Persistent link: https://www.econbiz.de/10012760197
This paper presents estimates of the productivity and factor bias effects of interindustry Ramp;D spillovers for five …
Persistent link: https://www.econbiz.de/10012760211
This paper presents a productivity argument for investing in disadvantaged young children. For such investment, there …
Persistent link: https://www.econbiz.de/10012760216
This paper investigates whether the minimum wage leads to inefficient job rationing. By not allowing wages to clear the labor market, the minimum wage could cause workers with low reservation wages to be rationed out while equally skilled workers with higher reservation wages are employed. This...
Persistent link: https://www.econbiz.de/10012760219
, we examine how the productivity of these firms is influenced by their internal wage dispersion. To do so, we use a large … dispersion has a positive and significant effect on firm productivity. This result is robust to controls for individual and firm …
Persistent link: https://www.econbiz.de/10012760303
integrated. These patterns are consistent, however, with an alternative efficiency-based mechanism. Namely, higher productivity … evidence that integrated producers' productivity advantage is tied to improved logistics coordination afforded by large local … local concrete operations have similarly high productivity levels …
Persistent link: https://www.econbiz.de/10012760386
Theory predicts that mandated employment protections may reduce productivity by distorting production choices. Firms … of which should affect productivity. These theoretical predictions have rarely been tested. We use the adoption of … and productivity. Drawing on establishment-level data from the Annual Survey of Manufacturers and the Longitudinal …
Persistent link: https://www.econbiz.de/10012760431
urban locations is endogenous and linked to productivity differences between the two locations and survival probabilities …
Persistent link: https://www.econbiz.de/10012760436
-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at … business cycles in emerging markets and, importantly, assigns a negligible role to nonstationary productivity shocks …
Persistent link: https://www.econbiz.de/10012760602
Aggregate and sectoral comovement are central features of business cycle data. Therefore, the ability to generate comovement is a natural litmus test for macroeconomic models. But it is a test that most existing models fail. In this paper we propose a unified model that generates both aggregate...
Persistent link: https://www.econbiz.de/10012760629