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Forecasting Aggregate Productivity using Information from Firm-Level Data
Bartelsman, Eric J.; Wolf, Zoltan - 2009
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
Persistent link: https://www.econbiz.de/10010325710
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What's Spurious, What's Real? Measuring the Productivity Impacts of ICT at the Firm-Level
Hempell, Thomas - 2002
In order to assess the productivity effects of information and communication technologies (ICT), regressions based on …?GMM estimator yields evidence for significant productivity effects of ICT which are substantially smaller though than those …
Persistent link: https://www.econbiz.de/10010297959
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Can random coefficient Cobb-Douglas production functions be aggregated to similar macro functions?
Biørn, Erik; Skjerpen, Terje; Wangen, Knut R. - 2004
Parametric aggregation of heterogeneous micro production technologies is discussed. A four-factor Cobb-Douglas function with normally distributed firm specific coefficients and with log-normal inputs (which agrees well with the available data) is speciffied. Since, if the number of micro units...
Persistent link: https://www.econbiz.de/10010284475
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A simple decomposition of the variance of output growth across countries
Reicher, Christopher Phillip - 2011
variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe …
Persistent link: https://www.econbiz.de/10010274432
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Adaptation and the cost of rising temperature for the U.S. economy
Gourio, François; Fries, Charles - 2020
How costly will rising temperature due to climate change be for the U.S. economy? Recent research has used the well-identified response of output to weather to estimate this cost. But agents may adapt to the new climate. We propose a methodology to infer adaptation technology from the...
Persistent link: https://www.econbiz.de/10012429414
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Human capital risk and the firmsize wage premium
Leung, Danny; Ueberfeldt, Alexander - 2008
Why do employed persons in large firms earn more than employed persons in small firms, even after controlling for observable characteristics? Complementary to previous results, this paper proposes a mechanism that gives an answer to this question. In the model, individuals accumulate human...
Persistent link: https://www.econbiz.de/10010279870
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Panel data estimates of the production function and product and labor market imperfections
Dobbelaere, Sabien; Mairesse, Jacques - 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/10011604828
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Panel data estimates of the production function and product and labor market imperfections
Dobbelaere, Sabien; Mairesse, Jacques - 2010
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10010274657
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Driving factors of growth in Hungary - a decomposition exercise
Kátay, Gábor; Wolf, Zoltán - 2008
Applications tend to ignore that measured TFP reflects the variation of output that cannot be explained by changes in inputs. Such a change is not necessarily technological, so measured TFP differences across firms are an amalgam of technological, efficiency and other differences in attributes,...
Persistent link: https://www.econbiz.de/10010322437
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Panel Data Estimates of the Production Function and Product and Labor Market Imperfections
Dobbelaere, Sabien; Mairesse, Jacques - 2009
Embedding the efficient bargaining model into the R. 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...
Persistent link: https://www.econbiz.de/10010325978