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Applications tend to ignore that measured TFP reflects the variation of output that cannot be explained by changes in inputs. Such a change is not necessarily technological, so measured TFP differences across firms are an amalgam of technological, efficiency and other differences in attributes,...
Persistent link: https://www.econbiz.de/10010322437
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...
Persistent link: https://www.econbiz.de/10010325710
Recent dynamic models of firm entry and exit emphasise the relationship between a firm's productivity and the decision … to enter or exit. If firm turnover is driven by productivity differentials then the reallocation of resources across … documents the extent of firm turnover in both the domestic and export markets, uses index numbers to measure differences in …
Persistent link: https://www.econbiz.de/10011608342
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...
Persistent link: https://www.econbiz.de/10011378362
This paper aims to measure the gross output loss due to misallocation of resources in Mexico during 2008-2018 and to study what determines this resource misallocation. To do so, I use an extension of Hsieh and Klenow (2009) and Mexican Economic Censuses. Alternatively, I estimate resource...
Persistent link: https://www.econbiz.de/10014390552
The manufacturing sector is an important source of productivity growth and exports. Manufacturing firms are generally more productive than firms in the agricultural or services sectors and are an important source of job creation. Little is known about the productivity performance of the sector...
Persistent link: https://www.econbiz.de/10011477321
Following Hsieh and Klenow (2009), this paper studies productivity dispersions in Colombian industrial establishments using the Colombian Annual Manufacturing Survey (AMS) from 1982 to 1998. The United States is used as a benchmark to estimate the reallocation of capital and labor to equalize...
Persistent link: https://www.econbiz.de/10010247128
In this paper we provide firm-level evidence on the role of resource misallocation for total factor productivity development in Austria. We apply the indirect approach of measuring misallocation via the dispersion in marginal products within narrowly defined industries of Hsieh and Klenow (2009)...
Persistent link: https://www.econbiz.de/10014279479
effect is tightly related to the negative initial productivity effect of entry. We also find some evidence that productivity …
Persistent link: https://www.econbiz.de/10010326885
Persistent link: https://www.econbiz.de/10012065032