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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
important in explaining welfare losses from revenue productivity dispersion …
Persistent link: https://www.econbiz.de/10012481767
impact on post-entry size, survival, and productivity of startups. Consistent with our organizational capital hypothesis …
Persistent link: https://www.econbiz.de/10012482633
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
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/10012463159
We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark … the impact of productivity, and other market fundamentals, on plant exit. A dynamic simulation that compares the … distribution of productivity with and without the trade reform shows that improvements in market selection from trade reform help …
Persistent link: https://www.econbiz.de/10012463713
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
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
In this paper, we derive and estimate relationships governing variable utilization of capital and labor for a firm solving a dynamic cost-minimization problem. Our method allows for (i) imperfect competition, (ii) increasing returns to scale, (iii) unobserved changes in utilization, (iv)...
Persistent link: https://www.econbiz.de/10012472909