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values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10011394520
summarized to a first order by the current and expected future values of the Solow productivity residual in level and by the …
Persistent link: https://www.econbiz.de/10012463070
A positive correlation between productivity and export market participation has been well documented in producer micro … investment activities, particularly investments in R&D or new technology, that both raise productivity and increase the payoff to … set of interactions between R&D, exporting, and productivity. The self- selection of high productivity plants is the …
Persistent link: https://www.econbiz.de/10012463977
This paper examines two potential channels of knowledge acquisition that underlie firm productivity growth in the … effects of these investments on the firm's future total factor productivity. The empirical model consists of four equations … firm's future productivity trajectory while controlling for the potential selection bias introduced by endogenous firm exit …
Persistent link: https://www.econbiz.de/10012466897
We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...
Persistent link: https://www.econbiz.de/10012468688
, including the distribution of output and productivity across firms and the magnitude of entry and exit flows. It has been argued … market structure, more producer turnover, smaller within-industry productivity dispersion across producers, a smaller … percentage of plants operating at low productivity levels, and smaller productivity differentials between surviving and failing …
Persistent link: https://www.econbiz.de/10012469949
Measured productivity growth increased substantially during the second half of the 1990s. This paper examines whether … productivity growth does appear to arise from an increase in technological change. Cyclical utilization raised measured … productivity growth relative to technology growth in the first part of the expansion, but lowered it subsequently. Factor …
Persistent link: https://www.econbiz.de/10012470361
Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …
Persistent link: https://www.econbiz.de/10012470796
While there is widespread empirical evidence indicating exporting producers have higher productivity than nonexporters … methods, inputs, and product designs from their international contacts, and this learning results in higher productivity for … exporters relative to their more insulated domestic counterparts. Alternatively, the higher productivity of exporters may simply …
Persistent link: https://www.econbiz.de/10012472250
inefficient firms to exit. As a result, low cost entry and exit may help improve aggregate productivity by allowing for the rapid … the Taiwanese Census of Manufactures for 1981, 1986, and 1991, we measure differences in total factor productivity among … entering, exiting, and continuing firms, and quantify the contribution of firm turnover to industry productivity improvements …
Persistent link: https://www.econbiz.de/10012472577