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The Determinants of National Competitiveness

Delgado, Mercedes; Ketels, Christian; Porter, Michael E.; … - National Bureau of Economic Research (NBER) - 2012

We define foundational competitiveness as the expected level of output per working-age individual that is supported by the overall quality of a country as a place to do business. The focus on output per potential worker, a broader measure of national productivity than output per current worker,...

Persistent link: https://www.econbiz.de/10010950981

What Do We Learn From Schumpeterian Growth Theory?

Howitt, Peter; Aghion, Philippe; Akcigit, Ufuk - National Bureau of Economic Research (NBER) - 2013

Schumpeterian growth theory has "operationalized" Schumpeter''s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on...

Persistent link: https://www.econbiz.de/10010951386

Forecasting Profitability

Rosenzweig, Mark; Udry, Christopher - National Bureau of Economic Research (NBER) - 2013

We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...

Persistent link: https://www.econbiz.de/10010796654

How Do Electricity Shortages Affect Productivity? Evidence from India

Allcott, Hunt; Collard-Wexler, Allan; O'Connell, Stephen D. - National Bureau of Economic Research (NBER) - 2014

We estimate the effects of electricity shortages on Indian manufacturers, instrumenting with supply shifts from hydroelectric power availability and power plant construction. We estimate that India’s average reported level of shortages reduces the average plant’s revenues and producer...

Persistent link: https://www.econbiz.de/10011186513

Agricultural Decisions after Relaxing Credit and Risk Constraints

Karlan, Dean; Udry, Christopher; Osei, Robert Darko; … - National Bureau of Economic Research (NBER) - 2012

The investment decisions of small‐scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana...

Persistent link: https://www.econbiz.de/10010969291

Hoping to Win, Expected to Lose: Theory and Lessons on Micro Enterprise Development

Karlan, Dean; Udry, Christopher; Knight, Ryan - National Bureau of Economic Research (NBER) - 2012

Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...

Persistent link: https://www.econbiz.de/10010950711

Firm-level Evidence on Productivity Differentials, Turnover, and Exports in Taiwanese Manufacturing

Roberts, Mark J.; Aw, Bee Yan; Chen, Xiaomin - National Bureau of Economic Research (NBER) - 1997

show that low sunk entry and exit costs act to speed firm turnover by facilitating entry and increasing the pressure on … inefficient firms to exit. As a result, low cost entry and exit may help improve aggregate productivity by allowing for the rapid … entering, exiting, and continuing firms, and quantify the contribution of firm turnover to industry productivity improvements …

Persistent link: https://www.econbiz.de/10005777370

Productivity and the Welfare of Nations

Basu, Susanto; Schiantarelli, Fabio; Servén, Luis; … - National Bureau of Economic Research (NBER) - 2012

We show that the welfare of a country's infinitely-lived representative consumer is summarized, to a first order, by total factor productivity (TFP) and by the capital stock per capita. These variables suffice to calculate welfare changes within a country, as well as welfare differences across...

Persistent link: https://www.econbiz.de/10011227907

Productivity, Welfare and Reallocation: Theory and Firm-Level Evidence

Basu, Susanto; Schiantarelli, Fabio; Servén, Luis; … - National Bureau of Economic Research (NBER) - 2009

We prove that in a closed economy without distortionary taxation, the welfare of a representative consumer is summarized to a first order by the current and expected future values of the Solow productivity residual in level and by the initial endowment of capital. The equivalence holds if the...

Persistent link: https://www.econbiz.de/10008627155

Productivity Volatility and the Misallocation of Resources in Developing Economies

Asker, John; De Loecker, Jan K.; Collard-Wexler, Allan - National Bureau of Economic Research (NBER) - 2011

We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5,010 establishments in 33 developing countries from the World...

Persistent link: https://www.econbiz.de/10009147978

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