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The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting … that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we … examine the extent to which regulations affecting product, labour and credit markets influence productivity, via their effect …
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Measures of institutional quality are strong predictors of cross-country differences in income and productivity. The … efficient allocation of production factors across firms. In this study, we measure the effect of bureaucracy, labor regulations …
Persistent link: https://www.econbiz.de/10012900823
inter-related sources of labour productivity weakness: the survival of “zombie” firms (firms that would typically exit in a … misallocation and the increasing survival of low productivity firms have contributed to the productivity slowdown. …
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firms have to learn their productivity. We match our model with the salient features of the data and show that our model …
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total factor productivity (TFP) is endogenous and depends on the resource allocation. The model uncovers a novel tradeoff … productive allocation of resources and so depressed TFP and output. …
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We develop a generalized production framework with endogenous production techniques that serve to organize raw factor inputs in an efficient manner. We establish a positive relationship between production flexibility and cost efficiency. By allowing firms to differ in technology scales, capital...
Persistent link: https://www.econbiz.de/10013043157
We study the productivity effect of the German national minimum wage combining administrative firm datasets. We analyze … reallocation, and short- versus long-run effects. We document higher firm productivity even net of output price increases …. Productivity gains are persistent in manufacturing and service sectors. The minimum wage also increased manufacturing productivity …
Persistent link: https://www.econbiz.de/10014517664