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We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country...
Persistent link: https://www.econbiz.de/10010368243
exporting and productivity shows that exporters on average are more efficient than nonexporters. If that is the case we may also …
Persistent link: https://www.econbiz.de/10010265418
factor productivity in a large sample of Italian firms. By splitting the full sample on the basis of the ex-ante likelihood … shocks, provided they affect all firms randomly. Both market power and total factor productivity are estimated by applying …" firms a positive transitory shock to productivity growth rates is observed immediately after the announcement of the reform …
Persistent link: https://www.econbiz.de/10011608385
We examine the relationship between digitalization and productivity, the factors that influence this relationship, and … how digitalization’s effect on productivity could change firm behaviour. …
Persistent link: https://www.econbiz.de/10014541814
phenomenon of Big Data, we propose a theoretical assessment of its potential effects on productivity growth. Our study highlights … profitability gives digital firms the incentive to produce information likely to improve firm-level productivity and consumer … welfare. Finally, we conclude that the productivity effect of Big Data at the macroeconomic level is conditional on both the …
Persistent link: https://www.econbiz.de/10011920263
We use data on wages and rents in different U.S. cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
Persistent link: https://www.econbiz.de/10011324913
productivity. …
Persistent link: https://www.econbiz.de/10011324967
, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this …
Persistent link: https://www.econbiz.de/10010277014
Changes in exchange rates have become a prominent issue in Germany and Japan - due to the enormous appreciation of the Deutschmark and the Yen. Conventional wisdom suggests that economic activity will be negatively affected if a currency is going through a phase of appreciation. The paper...
Persistent link: https://www.econbiz.de/10010275390
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10011506815