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Production Function Estimation Using Subjective Expectations Data
Norris Keiller, Agnes; Paula, Áureo de; Van Reenen, John - National Bureau of Economic Research - 2024
Standard methods for estimating production functions in the Olley and Pakes (1996) tradition require assumptions on input choices. We introduce a new method that exploits (increasingly available) data on a firm's expectations of its future output and inputs that allows us to obtain consistent...
Persistent link: https://www.econbiz.de/10014635688
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Minimum wages and firm profitability
Draca, Mirko (contributor); Machin, Stephen (contributor);  … - 2006
Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially employment), there is hardly any evidence on their impact on firm performance. This is surprising: minimum wages appear to have a significant impact on wages, but only a limited...
Persistent link: https://www.econbiz.de/10003253452
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Minimum Wages and Firm Profitability
Draca, Mirko - 2013
Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially employment), there is hardly any evidence on their impact on firm performance. This is surprising: minimum wages appear to have a significant impact on wages, but only a limited...
Persistent link: https://www.econbiz.de/10012754418
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Management as a technology?
Bloom, Nicholas; Sadun, Raffaella; Van Reenen, John - 2016
Are some management practices akin to a technology that can explain company and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the...
Persistent link: https://www.econbiz.de/10011486495
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Turbulence, Firm Decentralization and Growth in Bad Times
Aghion, Philippe - 2017
What is the optimal form of firm organization during "bad times"? Using two large micro datasets on firm decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central Headquarters to local plant managers prior to the Great...
Persistent link: https://www.econbiz.de/10012957505
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Turbulence, firm decentralization and growth in bad times
Aghion, Philippe; Bloom, Nicholas; Lucking, Brian; … - 2017
What is the optimal form of firm organization during "bad times"? Using two large micro datasets on firm decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central Headquarters to local plant managers prior to the Great...
Persistent link: https://www.econbiz.de/10011641565
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Minimum wages and firm profitability
Draca, Mirko; Machin, Stephen; Van Reenen, John - 2006
Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially employment), there is hardly any evidence on their impact on firm performance. This is surprising: minimum wages appear to have a significant impact on wages, but only a limited...
Persistent link: https://www.econbiz.de/10010267300
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Are family-friendly workplace practices a valuable firm resource?
Bloom, Nicholas; Kretschmer, Tobias; Van Reenen, John - In: Strategic management journal 32 (2011) 4, pp. 343-367
Persistent link: https://www.econbiz.de/10008934693
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Carbon taxes, path dependency and directed technical change : evidence from the auto industry
Aghion, Philippe; Dechezleprêtre, Antoine; Hémous, David - 2012
Persistent link: https://www.econbiz.de/10009705835
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Carbon taxes, path dependency and directed technical change : evidence from the auto industry
Aghion, Philippe; Dechezleprêtre, Antoine; Hémous, David - 2012
innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …
Persistent link: https://www.econbiz.de/10009687266