Showing 1 - 10 of 1,248
This paper builds a theory of the distribution of TFP across countries. The theory is based on the hypothesis that TFP improvements in a given country follow a Nelson-Phelps specification: they derive from past investments in the country itself and, through a spillover term, from past...
Persistent link: https://www.econbiz.de/10013138084
This paper examines the impact of government-sponsored venture capitalists (GVCs) on the success of enterprises. Using international enterprise-level data, we identify a surprising non-monotonicity in the effect of GVC on the likelihood of exit via initial public offerings (IPOs) or third party...
Persistent link: https://www.econbiz.de/10013069031
We document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country differences cannot be explained by observed human capital. We conjecture that the sources of within-country and...
Persistent link: https://www.econbiz.de/10013152224
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm …-country differences in key economic outcomes, such as productivity or output per capita, to differences in policies and institutions that … determinants of productivity at the firm level and the evolution of the distribution of productivity across firms within each …
Persistent link: https://www.econbiz.de/10013155018
Throughout the postwar era until 1995 labor productivity grew faster in Europe than in the United States. Since 1995 …, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe's productivity growth … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment …
Persistent link: https://www.econbiz.de/10012772452
Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing …
Persistent link: https://www.econbiz.de/10012759917
How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe …
Persistent link: https://www.econbiz.de/10012760709
William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of … and price increases, take a rising share of national output, and slow aggregate productivity growth. Using industry data … have tended to lower overall productivity growth as the share of stagnant sectors has risen over the second half of the …
Persistent link: https://www.econbiz.de/10012761577
Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has...
Persistent link: https://www.econbiz.de/10013054045
Why is agricultural productivity so low in poor countries relative to the rest of the world? Is it due to geography or … constrained economic choices? We assess the quantitative role of geography and land quality for agricultural productivity … geographic regions, we find that low agricultural productivity in poor countries is not due to poor land endowments. If countries …
Persistent link: https://www.econbiz.de/10012920893