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We provide industry-level estimates of the elasticity of substitution (σ) between capital and labor in the US economy. We also estimate rates of factor-augmentation. Aggregate estimates are produced using the same data. Our empirical model comes from the first-order conditions associated with a...
Persistent link: https://www.econbiz.de/10013115989
market share from one group to another is associated with productivity gain as the less productive lose share and the more … productive gain market share. This paper examines the extent to which productivity has been enhanced by firm turnover over the … slowdown in productivity growth that was experienced by the manufacturing sector …
Persistent link: https://www.econbiz.de/10014076257
The paper attempts to analyze the spillover effect of Foreign Direct Investment (FDI) across Indian manufacturing industries. Foreign presence by way of FDI brings new channels of technology spillover to the domestic industrial firms in the form of enhanced efficiency and diffusion of knowledge...
Persistent link: https://www.econbiz.de/10013109871
effects of international co-operative R&D on short term productivity gains among European manufacturing firms and to clarify … symmetric Research Joint Ventures (RJVs) increase productivity to a greater extent than RJVs between asymmetric firms. The …
Persistent link: https://www.econbiz.de/10014155776
Persistent link: https://www.econbiz.de/10010429822
Persistent link: https://www.econbiz.de/10012418313
This study investigates: (i) the effect of foreign direct investment (FDI) on total factor productivity (TFP) and …
Persistent link: https://www.econbiz.de/10012798944
the real product wage and labor productivity at the industry level. I use two datasets of manufacturing industries: the EU … consistent with distributive theories whereby real wages keep apace of labor productivity growth, giving rise to long …
Persistent link: https://www.econbiz.de/10010362594
- internal R&D and external R&D acquisition - on productivity in the manufacturing and service industries. The sample comprises a … from lower to higher conditional quantiles. First, the effect of the marginal effect of internal R&D on productivity in … both sectors decreased as we moved up to higher productivity levels. Second, the marginal effect of external R …
Persistent link: https://www.econbiz.de/10011524141
We study the implications of microeconomic heterogeneity for aggregate technology, showing that the aggregate elasticity of substitution between capital and labor can be expressed as a simple function of plant level structural parameters and sufficient statistics for plant heterogeneity. This...
Persistent link: https://www.econbiz.de/10013096560