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factor productivity over the period 1991-2004. The findings give some support to the notion of complementarity between … education is important for the firm's capabilities to absorb external R&D. However, external R&D is generally found to have a … negative effect on productivity and internal R&D is only significant when not including interaction terms between internal R …
Persistent link: https://www.econbiz.de/10013208587
This paper examines the productivity effects of privately and publicly funded R&D, both performed in the private sector …. In doing so, it ascertains whether there are differences in the direct effects on an industry's total factor productivity … productivity effect, but with diminishing returns. Publicly funded R&D shows signs of increasing returns to scale, but the total …
Persistent link: https://www.econbiz.de/10013208588
We adopt the Jackknife Model Averaging (JMA) technique to conduct a meta-regression analysis of 925 renminbi (RMB) misalignment estimates generated by 69 studies. The JMA method accounts for model selection and sampling uncertainties, and allows for non-nested model specifications and...
Persistent link: https://www.econbiz.de/10012271922
This essay assesses the relationship between farm size and productivity. Both parametric and nonparametric methods are …
Persistent link: https://www.econbiz.de/10010266601
paper also investigates the impact of land fragmentation on productivity and labor input per acre, and finds a positive …
Persistent link: https://www.econbiz.de/10010266606
India's dramatic trade liberalization starting from 1991 on market efficiency and productivity growth using Indian … manufacturing firm data. We find that the effects of liberalization do follow a smooth transition process instead of previously … from the shrinking of market size experienced no change or falling total factor productivity (TFP) growth; whereas leather …
Persistent link: https://www.econbiz.de/10011558469
construct productivity indicators by using firm-level data, with special focus to construction of total factor productivity (TFP …Productivity, the efficiency by which firms convert inputs into output is central concept in growth related discussions …. This research is focused on analyzing productivity on a sample of Macedonian firms. The goal is twofold - first, to …
Persistent link: https://www.econbiz.de/10012109772
risk. Dispersion in MPK depends on (i) heterogeneity in firm-level risk premia and (ii) the price of risk, and thus is … component in firm-level MPK. Risk-based MPK dispersion, although not prima facie inefficient, lowers long-run aggregate … productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …
Persistent link: https://www.econbiz.de/10012653032
We study the role of firm heterogeneity in affecting business cycle dynamics and optimal stabilization policy. Firms … differ in their degree of cyclicality, and hence, exposure to aggregate risk, leading to firm-specific risk premia that … influence resource allocations. The heterogeneous firm economy can be recast in a representative firm formulation, but where …
Persistent link: https://www.econbiz.de/10012653034
Using a matching approach, we compare the productivity trajectories of future exporters and matched and unmatched non …-exporters. Future exporters have higher productivity than do unmatched non-exporters before entry into the export market, which … indicates self-selection into exports. More interestingly, we also find a productivity increase among future exporters relative …
Persistent link: https://www.econbiz.de/10012654351