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Production function estimation with multi-destination firms

Barrows, Geoffrey; Ollivier, Hélène; Reshef, Ariell - 2023

We develop a procedure to estimate production functions, elasticities of demand, and productivity when firms …

Persistent link: https://www.econbiz.de/10014384034

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

Panel data estimates of the production function and product and labor market imperfections

Dobbelaere, Sabien; Mairesse, Jacques - 2010

Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This...

Persistent link: https://www.econbiz.de/10011377461

Forecasting aggregate productivity using information from firm-level data

Bartelsman, Eric J.; Wolf, Zoltán - 2009

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …

Persistent link: https://www.econbiz.de/10011378362

On the substitution of private and public capital in production

An, Zidong; Kangur, Alvar; Papageorgiou, Chris - 2019

Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...

Persistent link: https://www.econbiz.de/10012154588

More publicly funded research, more knowledge spillovers, more economic growth? : an empirical analysis for German regions

Eberle, Jonathan; Brenner, Thomas; Mitze, Timo - 2018

This paper deals with the effects of publicly funded research on regional technological progress and economic growth. We adopt a system approach and investigate the effects on all regional input factors and output by means of a flexible spatial panel VAR (SpPVAR) model. This allows us to deal...

Persistent link: https://www.econbiz.de/10011794063

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