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Research Summary: Firm size has long been recognized as a source of competitive advantage. However, the disruptions … arising from the knowledge-based global economy are decoupling the link between firm size and profitability. We demonstrate in … disconnect in the relationships between firm size, growth, and financial performance across multiple industries with a long …
Persistent link: https://www.econbiz.de/10012824120
Real value-added per employee in U.S. manufacturing fell between 2010 and 2016. Manufacturing accounted for over half … aggregate value-added. While productivity growth fell in almost all three-digit manufacturing industries, almost 40% of the fall … in aggregate manufacturing productivity growth reflected a slower decline of the deflator for computers and electronic …
Persistent link: https://www.econbiz.de/10014116390
differences is countries'TFP growth rates with about twice the size in the US. According to robust econometricanalysis there have …
Persistent link: https://www.econbiz.de/10010312069
This paper explores the evolution of the average wage of employees over the life-cycle of a manufacturing plant. The …
Persistent link: https://www.econbiz.de/10010221105
Though U.S. manufacturing output recovered more slowly from the Great Recession than historical experience would have … predicted, manufacturing employment, which peaked in 1979, grew between 2010 and 2017. This was the second-longest period of … computer industry are explored, and the value of looking within multi-industry aggregates like manufacturing is illustrated …
Persistent link: https://www.econbiz.de/10011942348
economic activity and of future expected demand on the dynamics of the price mark-up over marginal cost in US manufacturing …
Persistent link: https://www.econbiz.de/10003931422
A typical (roughly) two-digit industry in the United States appears to have constant or slightly decreasing returns to scale. Three puzzles emerge, however. First, estimates often rise at higher levels of aggregation. Second, apparent decreasing returns contradicts evidence of only small...
Persistent link: https://www.econbiz.de/10014031071
Union membership in the United States displayed a ∩-shaped pattern over the 20th century, while income inequality sketched a ∪. A model of unions is developed to analyze these facts. There is a distribution of productivity across firms in the economy. Firms hire capital, plus skilled and...
Persistent link: https://www.econbiz.de/10013008125
This paper investigates the effects of changes in market structure on residential service quality in local U.S. broadband markets. Our analysis focuses on identifying causal effects on quality from entry (or exit) by firms using both legacy and non-legacy broadband network technologies.We...
Persistent link: https://www.econbiz.de/10013217286
We study changes in markups across 72 product markets from 2006 to 2018. A growing literature has documented a rise in markups over time using a production function approach; we instead employ the standard microeconomic method, which is to estimate demand and then invert firms' first-order...
Persistent link: https://www.econbiz.de/10014287331