Showing 1 - 10 of 14,196
We investigate labor productivity dynamics amongst British businesses in the wake of the credit crisis of 2007/8. The external restructuring of firms (i.e. changes in market share, firm entry and exit) contributed to a fall in productivity growth relative to trend amongst small businesses in...
Persistent link: https://www.econbiz.de/10011126561
finds that within-firm productivity growth tends to be procyclical and emphasises the importance of the reallocation of … resource reallocation between firms and sectors. To assess the importance of this to aggregate productivity growth we apply the … method used by Baily, Bartelsman and Haltiwanger. We find that reallocation between firms (in terms of both the movement of …
Persistent link: https://www.econbiz.de/10010839035
This paper discusses the impact of newly created firms on industry productivity growth. Our central hypothesis is that there are two potential effects of new firms on productivity growth: a direct effect, as entrants may be relatively more productive than established firms; and an indirect...
Persistent link: https://www.econbiz.de/10008727694
manufacturing sector, while reallocation effect explains a large proportion of growth in service sector. Exporters in Portugal, like …
Persistent link: https://www.econbiz.de/10010834026
To what extent has input reallocation contributed to aggregate productivity growth in the banking sectors of Europe and … share, in particular in the US. The pattern of reallocation is markedly different between the geographical regions: European … productivity has grown by reallocating inputs through the first half of the sample period, at the same time when reallocation …
Persistent link: https://www.econbiz.de/10011196683
We analyze comprehensive manufacturing firm data to measure the contribution of inter-firm employment reallocation to … decomposition technique to better reflect the role of firm entry, we find that reallocation rates and productivity contributions are … observed in market economies. Early in transition, faster reform is associated with larger contributions from reallocation, but …
Persistent link: https://www.econbiz.de/10005187373
distortions and frictions. On average, we find that aggregate reallocation made a larger contribution than aggregate technical … efficiency growth. Our estimates of the contribution of reallocation range from 1:7% to2:1% per year, while our estimates of the … total reallocation, pointing to an important role for technical efficiency in macroeconomic fluctuations. Aggregate …
Persistent link: https://www.econbiz.de/10008579082
We analyze comprehensive manufacturing firm data to measure the contribution of inter-firm employment reallocation to … decomposition technique to better reflect the role of firm entry, we find that reallocation rates and productivity contributions are … observed in market economies. Early in transition, more reform is associated with larger contributions from reallocation, but …
Persistent link: https://www.econbiz.de/10005116778
sector during this period of declining share in U.S. GDP. We find that aggregate reallocation made a larger contribution to … growth than aggregate technical efficiency. Our estimates of the contribution of reallocation range from 1.7% to 2.1% per … 100% larger than that of aggregate total reallocation, pointing to an important role for technical efficiency in …
Persistent link: https://www.econbiz.de/10008642097
In this paper, we examine international transmission of the negative credit supply shock, which originated in the euro area and the US. We use the multi-country global vector autoregression (GVAR) approach with trade and bilateral banking exposures as weights, and identify five structural shocks...
Persistent link: https://www.econbiz.de/10010944595