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Combining micro and macro data, we construct demand-side shocks, which we take to be exogenous for individual firms. We estimate a reduced-form model to describe how firms adjust their production, employment, capital stock, and inventories in response to such shocks. Then, we chose the...
Persistent link: https://www.econbiz.de/10011867639
How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
Over the past decade, research explaining cross country income differences has increasingly pointed to the dominant role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief that a country's ability to absorb and implement...
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Assessing the impacts of technical change in African agriculture / M. Smale -- Elements of the conceptual framework and sample survey design / M. Smale ... [et al.] -- Overview of the banana economy in the Lake Victoria region of Uganda and Tanzania / R. Kalyebara ... [et al.] -- Development and...
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This study examines the effects of mining productivity shocks on the formal-informal duality in manufacturing and … informality along both margins across sectors following mining shocks are heterogeneous. We also find that the lack of duality … between informal and formal firms across the development phases of mining is driven by increasing heterogeneity in …
Persistent link: https://www.econbiz.de/10014474512
The Philippines' Agriculture and Fisheries Modernization Act (AFMA) identifies one of the modernization objectives as "to encourage horizontal and vertical integration, consolidation, and expansion of agriculture and fisheries activities, group functions and other services through the...
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