Showing 1 - 10 of 8,013
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10012461916
We provide a general non-parametric formula for aggregating microeconomic shocks in general equilibrium economies with distortions such as taxes, markups, frictions to resource reallocation, and nominal rigidities. We show that the macroeconomic impact of a shock can be boiled down into two...
Persistent link: https://www.econbiz.de/10012453706
Economy-wide institutional deficiencies causing factor misallocation have been emphasized as essential determinants of aggregate TFP differences. This paper argues that production flexibility at the micro-level is an economic characteristic that should be given priority in TFP aggregation...
Persistent link: https://www.econbiz.de/10012453743
differences for tax policies between free and controlled migration, and the role of productivity gap …
Persistent link: https://www.econbiz.de/10012462431
Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations between persistent periods of robust growth and persistent periods of relative stagnation. These medium frequency movements, further, appear to bear some relation to the high...
Persistent link: https://www.econbiz.de/10012468709
and patents. We document key empirical facts on inventors' productivity over the life cycle, inventors' research teams … better inventors are very strongly correlated with higher subsequent productivity. These facts motivate the main ingredients …
Persistent link: https://www.econbiz.de/10012453248
We study the impact of firm level choices of ICT, R&D, exporting and importing on the evolution of productivity and its … "techies". We develop a methodology for estimating firm level productivity that allows us to measure both Hicks-neutral and … from 2009 to 2013. We find that techies and importing of intermediate inputs raise skill-biased productivity, while imports …
Persistent link: https://www.econbiz.de/10012480946
This paper examines the determinants of productivity in Japanese manufacturing industries, looking particularly at the … impact of product market competition on productivity. Using a newly available panel data on around ten thousand firms in …-cost margin, enhances productivity growth, controlling for a broad range of industrial and firm-specific characteristics. Moreover …
Persistent link: https://www.econbiz.de/10012467138
This paper studies the effects of trade liberalization on the evolution of firm productivity. The productivity of each … nominal tariffs on firms' productivity levels is identified. After controlling for the endogeneity of nominal tariffs, the … estimated coefficient for tariffs in the productivity equation turns out to be negative. Second, a measure of tariffs on inputs …
Persistent link: https://www.econbiz.de/10012468149
productivity, using the annual plant-level panel data on Korean manufacturing sector during the period of 1990 to 1998. The two key … questions examined are whether exporting improves productivity (learning) and/or whether more productive plants export (self …-sectional correlation between exporting and total factor productivity is accounted for by both selection and learning effects. These results …
Persistent link: https://www.econbiz.de/10012468486