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China has achieved impressive growth over the last three decades. However, there has been debate over the sources of the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level (Rawski and Perkins, 2008; Bosworth and Collins, 2008) suggest an...
Persistent link: https://www.econbiz.de/10010269571
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10010269431
Network (CompNet). The new database provides information on the distribution of labour productivity, TFP, ULC or size of firms …, within each industry, but also their joint analysis with the productivity of the firm provides critical insights to both … productivity developments and its drivers. For instance, by using covariances between productivity and employment the paper shows …
Persistent link: https://www.econbiz.de/10011605809
database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly ….g. productivity and size. The database comprises so far 11 countries, with information for 58 sectors over the period 1995-2011. The … preliminary results. Among them, it shows that there is large heterogeneity in terms of firm productivity or size within narrowly …
Persistent link: https://www.econbiz.de/10011506773
Persistent link: https://www.econbiz.de/10013342548
Collective consumption decisions taken by the members of a household may prove inefficient. The impact of such inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when household decisions are inefficient, namely when household...
Persistent link: https://www.econbiz.de/10010292768
This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights, contracts, or licenses that involve ensuing payoff uncertainty for the winning bidder. The distribution of the random payoff is common knowledge, except that bidders have private...
Persistent link: https://www.econbiz.de/10010325804
allocation of capital. …
Persistent link: https://www.econbiz.de/10010296826
,tend to rise faster than the prices of material goods. Central to his model is the disparityin labour productivity growth … disease of services retains its explanatory power and relevance today. It refutescriticisms that productivity growth in …
Persistent link: https://www.econbiz.de/10014459453
Misallocation of labour and capital can greatly reduce aggregate productivity. In this study, we use tax administrative … government incentives affect the allocation (or misallocation) of capital and labour across firms, and we quantify the extent to … which alleviating these policy-induced distortions would improve productivity for the manufacturing sector in South Africa …
Persistent link: https://www.econbiz.de/10012146535