Showing 1 - 10 of 1,247
increased competition from demand shocks in export markets - and the induced product mix reallocations - induce productivity … changes within the firm. We then empirically test for this connection between the demand shocks and the productivity of multi …-product firms exporting to those destinations. We find that the effect of those demand shocks on productivity are substantial - and …
Persistent link: https://www.econbiz.de/10012456244
Despite the historic prevalence of industrial policy and its current popularity, few empirical studies directly evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel the country's shipbuilding industry to the largest...
Persistent link: https://www.econbiz.de/10012480022
We study the role of exchange rates in industrial policy. We construct an open-economy macroeconomic framework with production externalities and show that the desirability of these policies critically depends on the dynamic patterns of externalities. When they are stronger in earlier stages of...
Persistent link: https://www.econbiz.de/10014544799
Industrial policies (IPs) include such varying practices as production subsidies, export subsidies, and import protection, and are commonly used by countries to promote targeted sectors. However, such policies can have significant impacts on sectors other than those targeted by the IPs,...
Persistent link: https://www.econbiz.de/10012459971
industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We …
Persistent link: https://www.econbiz.de/10012460611
productivity of the targeted industries and regions grew significantly faster than those of non-targeted ones. While the plant …-level total factor productivity also grew faster in targeted industries and regions, the misallocation of resources within them … got significantly worse, especially among the entrants, so that the total factor productivity at the industry-region level …
Persistent link: https://www.econbiz.de/10012629472
measure the impact of participation on the ex-post research productivity of the firm. We are able to find evidence that … frequent participation in these consortia has a positive impact on research expenditure and research productivity. These … firms' research productivity. Furthermore, we find evidence that part of this impact arises from the increased knowledge …
Persistent link: https://www.econbiz.de/10012472748
trade protection reduced growth rates of labor productivity and total factor productivity, while industrial policies, such … as tax incentives and subsidized credit, were not correlated with total factor productivity growth in the promoted … sectors. The evidence, thus, implies that less government intervention in trade is linked to higher productivity growth …
Persistent link: https://www.econbiz.de/10012473829
This paper provides an overview of recent trends in the U.S. basic industries. It first documents the dramatic fall in their shares of domestic employment and global production. It then considers explanations for these industries' relative -- and, in some instances, absolute -- decline. Those...
Persistent link: https://www.econbiz.de/10012476880
may then force managers to improve the productivity of the firm in order to ensure survival. While this hypothesis has … competition shocks. We find that import competition leads to productivity increases in family-managed firms that are initially … unproductive. Productivity improvements are driven by family management as opposed to family ownership or non-managing family …
Persistent link: https://www.econbiz.de/10012479494