In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...

Larger Indian firms selling inputs to other firms tend to have more customers, tend to be used more intensively by their customers, and tend to have larger customers. Motivated by these regularities, I propose a novel empirical model of trade featuring endogenous formation of input-output...

This paper analyses the impact of a tradable production quota on firm entry and exit in the agricultural industry. We develop a dynamic stochastic equilibrium framework considering that a release of production capacity by exiting firms affects the investment options for entrants. Firms'...

Using both regression analysis and an unsupervised graphical model approach (never applied before to this issue), we confirm the rejection of the Gibrat's law when our firm-level data are considered over the entire investigated period, while the opposite is true when we allow for market...

Using both regression analysis and an unsupervised graphical model approach (never applied before to this issue), we confirm the rejection of the Gibrat's law when our firm-level data are considered over the entire investigated period, while the opposite is true when we allow for market...

This paper examines the formation and accumulation of skills and technological capabilities in the Mozambican manufacturing sector. To this effect, it deploys Sanjaya Lall's technology capabilities conceptual and methodological framework to examine these issues for the Mozambican metalworking...

The empirical analysis of the micro links between trade and knowledge diffusion allows us to distinguish among the key predictions of the theoretical literature on endogenous growth. This literature postulates that total factor productivity (TFP) is higher when trade gives access to a wider or...

William J. Baumol has been one of the most influential economists in the last fifty years. Pioneering work in the theory of money, foremost research in the theory of competition, industrial organization and technological change, notable analyses in the theory of externalities and environment,...

The premise of this paper is that economic progress is made possible through discoveries, learning, and creation of skills or knowledge, rather than by accumulation of capital. It is argued that science is a systematic inquiry that is categorically different from pre-scientific stage of useful...

We investigate the behaviour of three flexible forms of the cost Function: the Translog, which is the most used in empirical analyses, Generalized Leontief and Symmetric Generalized McFadden, which both have also become popular. Their performances are evaluated by their abilities (i) to respect...