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Employment and productivity growth in service and manufacturing sectors in France, Germany and the US
Wachter, Till von - 2001
Persistent link: https://www.econbiz.de/10001599423
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The aggregate consequences of default risk : evidence from firm-level data
Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2020
This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the … productivity fall between 2008 and 2009, and persisted for smaller (although not larger) firms. …
Persistent link: https://www.econbiz.de/10012241111
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Does finance bolster superstar companies? : banks, venture capital, and firm size in local U.S. markets
Popov, Alexander - 2009
We study the relative effect of venture capital and bank finance on large manufacturing firms in local U.S. markets. Theory predicts that with venture capital, the firm size distribution should become more stretched-out to the right, but it’s ambiguous on the effect of banks on large firms....
Persistent link: https://www.econbiz.de/10003969261
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Imports and profitability in the euro area manufacturing sector : the role of emerging market economies
Peltonen, Tuomas A.; Skala, Martin; Rivera, Alvaro Santos; … - 2008
The paper analyses the impact of import penetration on firms' profitability in 15 manufacturing industries in 10 euro area countries during 1995-2004, focusing on the role of emerging market economies. Our results indicate that import competition from emerging market economies has had an overall...
Persistent link: https://www.econbiz.de/10003782669
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Firm heterogeneity, capital misallocation and optimal monetary policy
González, Beatriz; Nuño, Galo; Thaler, Dominik; … - 2024
This paper analyzes the link between monetary policy and capital misallocation in a New Keynesian model with heterogeneous firms and financial frictions. In the model, firms with a high return to capital increase their investment more strongly in response to a monetary policy expansion, thus...
Persistent link: https://www.econbiz.de/10014484281
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Panel data estimates of the production function and product and labor market imperfections
Dobbelaere, Sabien (contributor);  … - 2007
Embedding the efficient bargaining model into the Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This article...
Persistent link: https://www.econbiz.de/10003507115
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Evolution and sources of manufacturing productivity growth : evidence from a panel of European countries
Giannangeli, Silvia (contributor);  … - 2008
The study aims at describing productivity growth in the manufacturing sector for a selected panel of five European … countries using firm-level data. The paper explores the empirical regularities of firm productivity distribution across … countries. In particular, we assess the degree of persistence of firm relative productivity and consider its effect on aggregate …
Persistent link: https://www.econbiz.de/10003782661
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Firm heterogeneity and aggregate business services exports : micro evidence from Belgium, France, Germany and Spain
Ariu, Andrea; Biewen, Elena; Blank, Sven; Gaulier, Guillaume - 2017
This paper uses detailed micro data on service exports at the firm-destination-service level to analyse the role of firm heterogeneity in shaping aggregate service exports in Belgium, France, Germany and Spain from 2003 to 2007. We decompose the level and the growth of aggregate service exports...
Persistent link: https://www.econbiz.de/10011719944
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Stylised features of price setting behaviour in Portugal
Dias, Mónica; Dias, Daniel; Neves, Pedro D. - 2004
This paper identifies the empirical stylized features of price setting behaviour in Portugal using the micro-datasets underlying the consumer and the producer price indexes. The main conclusions are the following: 1 in every 4 prices change each month; there is a considerable degree of...
Persistent link: https://www.econbiz.de/10009636702
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Price rigidity
Baudry, Laurent; Le Bihan, Hervé; Sevestre, Patrick; … - 2004
Based upon a large fraction of the price records used for computing the French CPI, we document consumer price rigidity in France. We first provide a methodological discussion of issues involved in estimating average price duration with micro-data. The average duration of prices in the sectors...
Persistent link: https://www.econbiz.de/10009639438