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State Capitalism vs. Private Enterprise
Ljungqvist, Alexander - 2015
We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …
Persistent link: https://www.econbiz.de/10012457736
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Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice
Gaynor, Martin - 1987
arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability … or responsiveness to financial incentives. In the frontier literature productive efficiency is assumed to be exogenously …
Persistent link: https://www.econbiz.de/10012476899
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Capital-Labor-Energy Substitution in Nested CES Production Functions for China
Shen, Keting - 2013
reports estimates of substitution elasticities for normalized nested CES aggregate production functions for China with … substitution elasticity between capital and labor for China is below unity. When human capital adjusted labor is used as input …
Persistent link: https://www.econbiz.de/10012459557
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Corruption in Chinese Privatizations
Fisman, Raymond - 2014
aggregate ownership transfers improve profitability, though not in cases where the transfers themselves were corrupted …
Persistent link: https://www.econbiz.de/10012458575
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Estimating Production Functions Using Inputs to Control for Unobservables
Levinsohn, James - 2000
We introduce a new method for conditioning out serially correlated unobserved shocks to the production technology by building ideas first developed in Olley and Pakes (1996). Olley and Pakes show how to use investment to control for correlation between input levels and the unobserved...
Persistent link: https://www.econbiz.de/10012470924
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Revisiting Capital-Skill Complementarity, Inequality, and Labor Share
Ohanian, Lee E.; Orak, Musa; Shen, Shihan - National Bureau of Economic Research - 2021
This paper revisits capital-skill complementarity and inequality, as in Krusell, Ohanian, Rios-Rull and Violante (KORV, 2000). Using their methodology, we study how well the KORV model accounts for more recent data, including the large changes in labor's share of income that were not present in...
Persistent link: https://www.econbiz.de/10012510626
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The Microeconomic Foundations of Aggregate Production Functions
Baqaee, David - 2018
Aggregate production functions are reduced-form relationships that emerge endogenously from input-output interactions between heterogeneous producers and factors in general equilibrium. We provide a general methodology for analyzing such aggregate production functions by deriving their first-...
Persistent link: https://www.econbiz.de/10012480944
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Does EdTech Substitute for Traditional Learning? Experimental Estimates of the Educational Production Function
Bettinger, Eric - 2020
Experimental studies rarely consider the shape and nature of the education production function, which is useful for deriving optimal levels of input substitution in increasingly resource constrained environments. Because of the rapid expansion of EdTech as a substitute for traditional learning...
Persistent link: https://www.econbiz.de/10012481924
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Some Unpleasant Markup Arithmetic : Production Function Elasticities and their Estimation from Production Data
Bond, Steve - 2020
The ratio estimator of a firm's markup is the ratio of the output elasticity of a variable input to that input's cost share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator. Concerning identification: (i) if the revenue...
Persistent link: https://www.econbiz.de/10012481959
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O-Ring Production Networks
Demir, Banu; Fieler, Ana Cecilia; Xu, Daniel Yi; Yang, … - National Bureau of Economic Research - 2021
We study a production network where quality choices are interconnected across firms. High-quality firms are skill intensive and trade more with other high-quality firms. Using data from Turkish firms, we document strong assortative matching of skills in the production network. A firm-specific...
Persistent link: https://www.econbiz.de/10012482649