Showing 1 - 10 of 2,979
Persistent link: https://www.econbiz.de/10011696470
This paper studies how firms contribute to the productivity growth of an industry over their lifecycle. We present a … decomposition method that allows us to condition the components of productivity growth on the age of production units. We find … effect is tightly related to the negative initial productivity effect of entry. We also find some evidence that productivity …
Persistent link: https://www.econbiz.de/10010326885
In many industries, firms usually have two choices when expanding into new markets: They can either build a new plant (greenfield entry) or they can acquire an existing incumbent. In the U.S. cement industry, the comparative advantage (e.g., TFP or size) of entrants versus incumbents and...
Persistent link: https://www.econbiz.de/10010333032
Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that enter in year t are less productive than incumbent...
Persistent link: https://www.econbiz.de/10010263814
It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can … be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable … growth in total factor productivity. …
Persistent link: https://www.econbiz.de/10010267353
extensive and the intensive margins and the connection between exporting dynamics and plant-level total factor productivity … and account for a small share of gross, industry-level changes in exports, employment, output, and productivity. The … distribution of exports are positively correlated with changes in total factor productivity. Our results suggest that plants face …
Persistent link: https://www.econbiz.de/10010269312
establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …
Persistent link: https://www.econbiz.de/10010269435
developed economies have superior productivity levels than non-exporters and firms exporting to less developed countries …. Moreover, they seem to experience higher productivity growth rates in the post-entry period, suggesting learning …-by-exporting effects. However, applying matching methodology to formally evaluate the causal effects of export market entry on productivity …
Persistent link: https://www.econbiz.de/10011506661
In this paper we are going to analyze the dynamics of barriers to entry at the international level. In our model economic development takes place and continues in the long run due to the emergence of new sectors, which can compensate for the diminishing ability of mature sectors to create...
Persistent link: https://www.econbiz.de/10010298845
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...
Persistent link: https://www.econbiz.de/10010267763