Showing 1 - 10 of 6,936
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
We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient recapitalization program injects capital against preferred stock plus warrants and conditions implementation on sufficient bank participation....
Persistent link: https://www.econbiz.de/10013160157
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10013070230
to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most …This paper aims to examine the productivity change of the Japanese economy using the data pertaining to the 47 … prefectures during the period 1981-2000. The decomposition analysis of the Hicks-Moorsteen-Bjurek productivity index is conducted …
Persistent link: https://www.econbiz.de/10013249572
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
How important are bureaucrats for the productivity of the state? And to what extent do the tradeoffs between different …
Persistent link: https://www.econbiz.de/10012957383
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … reallocations and plant-level technical efficiency changes while allowing in the estimation for 459 different production … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector …
Persistent link: https://www.econbiz.de/10013131308
We study how innovation and technology diffusion interact to endogenously determine the shape of the productivity …
Persistent link: https://www.econbiz.de/10012964404
for capital. We find a negative cross-country correlation between the efficiency of unskilled labor and the efficiencies … this frontier, increases in the efficiency of unskilled labor are obtained at the cost of declines in the efficiency of …
Persistent link: https://www.econbiz.de/10013248398