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Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2021

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

Deep dynamics

Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2018

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

Heterogeneous Technology And Panel Data : The Case of The Agricultural Production Function

Mundlak, Yair - 2008

measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where … augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate … that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth …

Persistent link: https://www.econbiz.de/10010521223