Showing 1 - 10 of 21
our measure into technical efficiency and reallocation components. This requires us to confront the "non …
Persistent link: https://www.econbiz.de/10012466784
Do firm entry and exit play a major role in shaping aggregate dynamics? Our answer is yes. Entry and exit propagate the effects of aggregate shocks. In turn, this results in greater persistence and unconditional variation of aggregate time-series. These are features of the equilibrium allocation...
Persistent link: https://www.econbiz.de/10012459446
I develop a new theory of marketing costs and introduce it into a model of trade with product differentiation and firm …
Persistent link: https://www.econbiz.de/10012464433
More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10012462086
This is a comprehensive study of measurement and substantive issues that arise in determining the rate of multi factor productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment are provided by two government agencies and...
Persistent link: https://www.econbiz.de/10012475182
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 …-95 for the EU-10 as well as its industrial composition matched very closely the growth record of the U.S. in the previous …
Persistent link: https://www.econbiz.de/10012479654
. Using industry-level data from EU KLEMS, we find that most of the 1995-2005 U.S. productivity growth revival was driven by … the U.S. and the EU-10 suffered a growth slowdown, indicating that the benefits of the ICT revolution were temporary … aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is …
Persistent link: https://www.econbiz.de/10012481620
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with and learning from others. This paper uses a new large-scale panel dataset on European inventors matched to their employers and patents. We document key empirical facts on...
Persistent link: https://www.econbiz.de/10012453248
as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent …. Alternatively, removing barriers between industries and countries would raise EU GDP by at least 25 percent. Firm characteristics …
Persistent link: https://www.econbiz.de/10012453270
The paper models the host country stylistically as a member of the core of an economic union (i.e., a core EU welfare …. The source country is modeled as an accession country to an economic union (i.e., through the EU enlargement treaty), with …
Persistent link: https://www.econbiz.de/10012462431