Showing 1 - 10 of 8,939
The firm-level approach to intra-industry trade reveals that the variation in the number of exporters or exported varieties (extensive margin) accounts for a greater share of the changes in aggregate trade than the variation in the average exports per firm variety (intensive margin). This paper...
Persistent link: https://www.econbiz.de/10011130184
Persistent link: https://www.econbiz.de/10009021243
Computer-owners combine complementary goods to a computer-system. They exchange data with others and between different applications. These interdependencies lead to three different network effects, which are explained in the framework of Hotelling models. In the framework of a one-dimensional...
Persistent link: https://www.econbiz.de/10009277780
This paper addresses estimation and decomposition of productivity change, which is mostly identified as technical change under constant (unitary) returns to scale (CRS). If the CRS assumption is not made, productivity change is decomposed into technical change and scale effects.Furthermore, if...
Persistent link: https://www.econbiz.de/10005511935
This paper explores the dynamics of price-cost mark-ups using firm-level data, paying particular attention to the crisis period 2008-2011. To this end, we apply the econometric framework developed by Klette (1999) to a comprehensive sample of Spanish non-financial corporations in order to...
Persistent link: https://www.econbiz.de/10010862280
In 1991 India chose to open her economy and formulated the New Economic Policy (NEP). Under the structural adjustment and reform programmes, the NEP aimed at promoting growth by eliminating supply bottlenecks that hinder competitiveness, efficiency and dynamism in the economic system This study...
Persistent link: https://www.econbiz.de/10005619394
At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...
Persistent link: https://www.econbiz.de/10005822822
The production functions modelling is treated from econometric viewpoints. The class of the neo-classical production functions is described. Special attention is given to the so called CD and CES production functions. The estimates of the parameters from cross-sectional data are evaluated....
Persistent link: https://www.econbiz.de/10005258087
Convex output set is a common hypothesis in production theory and especially in empirical applications. This often seems to be taken for granted without any reference to returns to scale. However increasing returns to scale have implied a necessary and fundamental revision of general equilibrium...
Persistent link: https://www.econbiz.de/10005198488
Convex output set is common hypothesis in both production theory and empirical applications such as the Data Envelopment Analysis. It seems to be taken for granted without any reference to returns to scale. This paper presents simulations for joint Cobb-Douglas production functions. The output...
Persistent link: https://www.econbiz.de/10005198489