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COVID-19 is a persistent reallocation shock
Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; … - 2021
is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen …
Persistent link: https://www.econbiz.de/10012653491
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Economic growth through worker reallocation: The role of knowledge spillovers
Mäkynen, Eero - 2021
important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium …
Persistent link: https://www.econbiz.de/10013394370
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Worker matching and firm value
Moen, Espen R.; Yashiv, Eran - 2012
This paper studies the value of firms and their hiring and firing decisions in an environment where the productivity of the workers depends on how well they match with their co-workers and the firm acts as a coordinating device. Match quality derives from a production technology whereby workers...
Persistent link: https://www.econbiz.de/10010283961
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Cohesion Policy Meets Heterogeneous Firms
Fattorini, Loredana; Ghodsi, Mahdi; Rungi, Armando - 2018
In this paper, we empirically test the effects of the EU's 'cohesion policy' on the performance of 273,500 European manufacturing firms after combining regional policy data at NUTS 2 level with firm-level data. In a framework of heterogeneous firms and different absorptive capacity of regions,...
Persistent link: https://www.econbiz.de/10012099971
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Are Real Effects of Credit Supply Overestimated? Bias from Firms' Current Situation and Future Expectations
Kleemann, Michael; Wiegand, Manuel - 2014
This paper advocates for incorporating timely measures of firms' current situation and future expectations when disentangling real effects of credit supply from demand-side factors. Identification of supply-side effects in firm-level analyses often relies on balance sheet variables to control...
Persistent link: https://www.econbiz.de/10010500374
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Size-dependent regulations, firm size distribution, and reallocation
Gourio, François; Roys, Nicolas - 2013
In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be...
Persistent link: https://www.econbiz.de/10010352170
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Allocation and industry productivity: Accounting for firm turnover
Maliranta, Mika; Määttänen, Niku - 2013
Recent macroeconomic literature has stressed the importance of resource allocation between firms for aggregate productivity. An important issue, therefore, is how to measure allocative efficiency. We compare popular indicators of allocative efficiency, paying special attention to firm turnover....
Persistent link: https://www.econbiz.de/10012037564
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Capital reallocation and the cyclicality of aggregate productivity
Cooper, Russell W.; Schott, Immo - In: Quantitative Economics 14 (2023) 4, pp. 1337-1365
Capital reallocation between firms is procyclical and leads to variations in measured aggregate productivity. In this … paper, we ask how much of the cyclical variation in measured productivity is the consequence of capital reallocation. We … costs of reallocation. These shocks cause an endogenous cyclicality of measured aggregate productivity. Only a model driven …
Persistent link: https://www.econbiz.de/10014536991
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International Trade with Heterogeneous Firms: Theory and Evidence
Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino - 2021
International trade is dominated by a small number of very large firms. Models of trade with heterogeneous firms have been developed to study the causes and consequences of this observation. The canonical model of trade with heterogeneous firms shows that trade leads to between-firm...
Persistent link: https://www.econbiz.de/10012799723
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Banks, Credit Reallocation, and Creative Destruction
Keuschnigg, Christian; Kogler, Michael; Matt, Johannes - 2022
bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By …
Persistent link: https://www.econbiz.de/10013470351