Structural change is an important driver of productivity growth at the aggregate level. While previous productivity decompositions account for the contributions of market entry and exit, they overlook continuing firms that switch from one industry to another. We develop an improved productivity...

We develop a quantitative framework in which income inequality arises endogenously in response to productivity shocks. The framework accommodates sectoral inputoutput linkages, arbitrary elasticities of factors and intermediates, and heterogeneous workers that endogenously choose to supply their...

The purpose of this study is to analyze the rates of R&D investments and taxes levied on profits of firms that can optimize the labor productivity of nations. Statistical evidence, based on OECD data, reveals that high rates of R&D intensity and tax on corporate profits do not maximize the labor...

In this paper, we offer a unique firm-level view of the empirical regularities underlying the evolution of the Lithuanian economy over the period of 2000–2014. Employing a novel dataset, we investigate key distributional moments of real and financial variables of Lithuanian firms. We focus in...

The aim of this paper is to develop and implement an analytical framework assessing whether better-quality inputs, via a rise of TFP, could compensate an ageing-induced slowing of economic growth. Here "better-quality" means more educated and older/more experienced workforces; and also...

We analyze the behavior of plant-level real wages and productivity in Turkish manufacturing after the transition to democracy in 1987 and test whether wages under democracy causes productivity. The Turkish experience provides almost an experimental case: real wages in manufacturing increased by...

While the output of a team is evident, the productivity of each team member is typically not readily identifiable. In this paper we consider the problem of measuring the productivity of team members. We propose a new concept of coworker productivity, which we refer to as eigenvalue productivity...

Besides to the usual Productivity indexes derived from the Labour (value-added) productivity ratio, public statistical bodies pay also some attention, to a lesser extent, to ‘multi-factor productivity’ (mfp) indexes at sector and country level, which are based in the TFP approach. The label...

This paper investigates the extent to which productivity growth is the result of firm turnover as output is shifted from one firm to another, driven by the competitive process. Turnover occurs as some firms gain market share and others lose it. Some of the resulting turnover is due to entry and...

In this paper we extend models of market equilibrium from binary occupational choices of people with different entrepreneurial ability, to the realistic case that entrepreneurs can decide whether they hire workers and become employers or whether they become own account self-employed. We find...