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Multifactor productivity (MFP) growth is an imperative economic engine. MFP dynamism across five advanced and seven … global financial crisis. The greater the productivity effect of intangible assets is, the higher a country’s per … frontier. Moreover, older firms exhibit slower MFP growth than their peers, whilst the positive effects of firm size on MFP …
Persistent link: https://www.econbiz.de/10015213279
This paper formally proves that if inefficiency ($u$) is modelled through the variance of $u$ which is a function of $z$ then marginal effects of $z$ on technical inefficiency ($TI$) and technical efficiency ($TE$) have opposite signs. This is true in the typical setup with normally distributed...
Persistent link: https://www.econbiz.de/10015218342
In this study, we review the studies on the relation between firms’ efficiency or profitability and their exit …. Although we take it for granted that inefficient or unprofitable firms are more likely to exit, which we call the natural …
Persistent link: https://www.econbiz.de/10015223864
labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … capital and labor towards inefficient firms. I establish that the rise in real estate value during the US housing boom relaxes … firms’ financial constraints. Companies borrow additional funds to invest, hire labor, and increase output. However, firms …
Persistent link: https://www.econbiz.de/10015234899
for about 95 out of every 100 European business services firms, this factor weighs heavily for the overall productivity …The paper investigates whether the poor productivity performance of the European business services industry is related … productivity frontier and so obtain the distance of firms to the productivity frontier, using detailed industry-level panel data …
Persistent link: https://www.econbiz.de/10015234900
subject fail to resolve the issue, because they insist on analyzing barriers to entry in the context of identical firms in …
Persistent link: https://www.econbiz.de/10015235639
characteristics, and study how it affects a firm’s ability to generate new knowledge. Using administrative and national survey data on … individuals and businesses, we first estimate absorptive capacity measures for New Zealand firms. We then show that the share of … employees with international experience and the average skill level of employees have a positive impact on a firm’s learning …
Persistent link: https://www.econbiz.de/10015236020
This paper investigates the existence and the degree of economies of diversification for small-scaled, renewable-fuelled cogeneration systems using 2014 cross-sectional data from 67 Austrian biogas plants. In addition, cost efficiency of those biogas plants is estimated with a non-parametric...
Persistent link: https://www.econbiz.de/10015256811
small and medium sized enterprises with 7900 observations extracted from the “Survey of small and medium scale manufacturing … enterprises in Viet Nam” in 2005, 2007, and 2009. …
Persistent link: https://www.econbiz.de/10015257741
favored in the literature. Using our methodology, we obtain robust productivity estimates for manufacturing firms from twenty … eight industries in China during the 1999-2006 period to take a close look at China's exporter productivity puzzle, whereby …Motivated by the longstanding interest of economists in understanding the nexus between firm productivity and export …
Persistent link: https://www.econbiz.de/10015266227