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A detailed decomposition of the sources of the Total Factor Productivity (TFP) growth index within an output distance …
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We investigate productivity and cost pass-through of German manufacturing firms using administrative data from 2001 to … controlling for unobserved productivity shocks and unobserved input quality. Using our parameter estimates, we can compute total … factor productivity, markups and marginal costs. We find no effect of the EU ETS on firm productivity or profits for the …
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Organisation capital is one of the key intangible assets of firms, driving innovation and firm performance. Measuring this asset has been notoriously difficult, however. Differently to other intangible assets, firms do not build up organisation capital primarily by monetary investment but rather...
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This paper deals with the effects of publicly funded research on regional technological progress and economic growth. We adopt a system approach and investigate the effects on all regional input factors and output by means of a flexible spatial panel VAR (SpPVAR) model. This allows us to deal...
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, coupled with sluggish total factor productivity and investment trend growth, contributes to the decline. Our results highlight …
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We study the importance of intangible capital (R&D, software, patents) for the measurement of productivity using firm … of input choice and unobserved productivity shocks. We find a positive output elasticity for research and development (R … output production function reduces productivity dispersion (measured by the 90-10 decile range) on average by 3%, in some …
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