Showing 1 - 10 of 7,564
Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models … aggregate productivity changes into several terms, each of which has an economic interpretation. However, many of these terms …
Persistent link: https://www.econbiz.de/10012473485
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
In this paper, we exploit establishment-level data to examine the relationship between microeconomic productivity … dynamics and aggregate productivity growth. After synthesizing the evidence from recent studies, we conduct our own analysis … establishments plays a significant role in accounting for aggregate productivity growth; (ii) for the selected service industries …
Persistent link: https://www.econbiz.de/10012472010
This paper studies quarterly employment flows of approximately 10,000 large U.S. manufacturing establishments during 1972:1-1980:4.After estimating the extent of short run microeconomic substitution between employment and hours per worker (hours-week), we construct measures of the path of the...
Persistent link: https://www.econbiz.de/10012473851
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10011394520
effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning …
Persistent link: https://www.econbiz.de/10012471292
, productivity is higher. The probabilistic matching model of Diamond, Mortensen, and others provides a way to make the idea of …
Persistent link: https://www.econbiz.de/10012471607
such models in analyzing the production structure, the determinants of variable and quasi-fixed factors, and productivity … growth. The paper also discusses the traditional approach to productivity analysis based on the Divisia index number …
Persistent link: https://www.econbiz.de/10012471717
sector ownership has no independent impact on productivity growth. The finding that ownership per se does not matter, but …
Persistent link: https://www.econbiz.de/10012471757
countries matters for productivity, because a country that imports primarily from technological leaders receives more technology … trade patterns in determining technology flows that affect productivity by using industry level data for machinery goods … imports and productivity in eight OECD countries between 1970-91. First evidence that these countries benefit more from …
Persistent link: https://www.econbiz.de/10012471810