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this paper analyses plant entry and productivity turnovers across Colombia's petrochemical industry for the 1974 … plants. entry flows increased steadily within plastics and boosted after trade liberalization. Total factor productivity … growth decomposition shows that the incumbent effect dominates the turnover effect. Econometric results suggest that barriers …
Persistent link: https://www.econbiz.de/10005138906
This paper decomposes the regional effects of resource misallocation on aggregate total factor productivity (TFP), as a variant of the Hsieh and Klenow (2009a) model. Using establishment level data from the 2004 Mexican Economic Census, I calculate the potential regional TFP gains in...
Persistent link: https://www.econbiz.de/10010681106
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10010869049
How do new firms contribute to industry productivity growth at the time of entry and then subsequently over their …
Persistent link: https://www.econbiz.de/10010869351
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
Following Hsieh and Klenow (2009) this paper studies productivity dispersion in Colombian industrial establishments using the Colombian Annual Manufacturing Survey (AMS) from 1982 to 1998. We consider how much a hypothetical removal of firm-level distortions would increase manufacturing...
Persistent link: https://www.econbiz.de/10014507157
In this paper, we apply the aggregate production function to approximate the path of potential output and decompose it into its determinants. Based on the decomposition we evaluate the supply side performance from a macroeconomic perspective. We use a time-varying NAIRU to derive the amount of...
Persistent link: https://www.econbiz.de/10005036556
The paper analyses scale efficiency in European pork production. The analysis shows significant differences in the exploitation of economies of scale among EU member states. In particular, old member states exhibit increasing returns to scale whereas most new member states show either constant...
Persistent link: https://www.econbiz.de/10012149392
Applying a Stochastic Production Frontier to sector-level data within manufacturing sector in India, this paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of technical progress (TP) and Technical Efficiency Change (TEC). The...
Persistent link: https://www.econbiz.de/10011212974
The evolution of total factor productivity (TFP) is a key determinant of long-run economic growth of a country. In this paper we analyze the contributions from technological change at the industry level to an economy’s aggregate growth performance. Our derivation of economywide TFP growth...
Persistent link: https://www.econbiz.de/10011015339