Showing 81 - 90 of 3,116
Comparing median outcomes to gauge treatment effectiveness is widespread practice in clinical and other investigations. While common, such difference-in-median characterizations of effectiveness are but one way to summarize how outcome distributions compare. This paper explores properties of...
Persistent link: https://www.econbiz.de/10013221966
-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
Productivity is a key determinant of the sustainability of the public finances. While the initial impact of Covid-19 on … labor productivity growth shows a surprisingly positive impact, the impact on total factor productivity (TFP) is less clear … medium term. These numbers comprise a large reduction in ‘within-firm’ productivity as intermediate costs increased due to …
Persistent link: https://www.econbiz.de/10013221960
factor productivity, and the decline in labor force participation. Both factors reflect powerful adverse forces that are …
Persistent link: https://www.econbiz.de/10012953502
Compared with its nineteenth century competitors, Australian GDP per worker grew exceptionally fast, about twice that of the US and three times that of Britain. This paper asks whether the fast growth performance produced rising inequality. Using a novel data set we offer new evidence supporting...
Persistent link: https://www.econbiz.de/10012955952
The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...
Persistent link: https://www.econbiz.de/10013019498
Existing models of structural change typically assume that all of investment is produced in manufacturing. This assumption is strongly counterfactual: in the postwar US, the share of services value added in investment expenditure has been steadily growing and it now exceeds 0.5. We build a new...
Persistent link: https://www.econbiz.de/10012919875
firms for the impact of changes in the economic environment on the dynamics of aggregate productivity in the short, medium … positive implications for the transitional dynamics of aggregate productivity and their welfare implications in terms of two … link between a decline in the entry rate of new firms and a slowdown in the growth of aggregate productivity given that …
Persistent link: https://www.econbiz.de/10012907122
compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are … the inventions that propelled U.S. productivity growth in the first half of the 20th century, and the next EU-10 stage for … 1972-95 as imitating the U.S. outcome for 1950-72. We show that both the pace of aggregate productivity growth during 1972 …
Persistent link: https://www.econbiz.de/10012889492
Standard measures of productivity display enormous dispersion across farms in Africa. Crop yields and input intensities … account for a large fraction – as much as ninety percent -- of the dispersion in measured productivity. In contrast to some … previous estimates, we suggest that the potential for efficiency gains through reallocation of land across farms and farmers …
Persistent link: https://www.econbiz.de/10012895000