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The manufacturing sector is an important source of productivity growth and exports. Manufacturing firms are generally more productive than firms in the agricultural or services sectors and are an important source of job creation. Little is known about the productivity performance of the sector...
Persistent link: https://www.econbiz.de/10011477321
Applications tend to ignore that measured TFP reflects the variation of output that cannot be explained by changes in inputs. Such a change is not necessarily technological, so measured TFP differences across firms are an amalgam of technological, efficiency and other differences in attributes,...
Persistent link: https://www.econbiz.de/10003757275
This paper revisits the relationship between competition and total factor productivity by analyzing how the type and the degree of product and labor market imperfections affect different moments of total factor productivity distributions. Following the methodology developed in Dobbelaere and...
Persistent link: https://www.econbiz.de/10011588327
The factor X in the RPI-X regulation aims to adjust price or revenue allowances to changes in total factor productivity and input prices. A cost Malmquist index can be applied to determine the efficient cost change (ECC). However, regulators typically do not have the necessary data on input...
Persistent link: https://www.econbiz.de/10012022610
This paper analyzes the productivity development in the German public theater sector for the seasons 1991/1992-2005/2006. Using a stochastic distance frontier approach that allows to decompose total factor productivity change into different sources we examine (a) whether Baumol’s cost-disease...
Persistent link: https://www.econbiz.de/10003968709
This paper estimates economic returns to physical capital and inherent ability among Indonesian fishermen using a natural experiment. By exploiting the quasi-random variation in the length of fishing boats generated by an aid program among survivors of the 2004 Indian Ocean tsunami, it is found...
Persistent link: https://www.econbiz.de/10012972910
Our paper studies the impacts of the Dieselgate scandal on the required rate of return on equity investments into VW, Daimler, and BMW. The object of investigation is the beta coefficient that determines the risk premium in the Capital Asset Pricing Model (CAPM). Our research takes a deep dive...
Persistent link: https://www.econbiz.de/10012588920
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...
Persistent link: https://www.econbiz.de/10009782148
entry and exit as well as survival analysis of new firms. Also decompositions of productivity change into components … consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms is carried out. Our … results, derived from a novel database of the population of Estonian firms, show that firm turnover has been rather high in …
Persistent link: https://www.econbiz.de/10013319118
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic variances has been used for the estimation of...
Persistent link: https://www.econbiz.de/10003323158