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values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10013153299
This study proposes an alternative methodology for measuring environmentally sensitive productivity growth. The … combination, the conventional Malmquist-Luenberger productivity index is modified to give the alternative sequential … environmentally sensitive productivity index. This proposed index is employed in measuring productivity growth and its decomposed …
Persistent link: https://www.econbiz.de/10013159334
Total Factor Productivity (TFP), the empirical evidence on agglomeration externalities rests on measures obtained using firm … suggests that the revenue productivity advantage of denser areas is mainly driven by higher prices charged rather than …-level differences in productivity across space …
Persistent link: https://www.econbiz.de/10012834899
economies (and subsequently productivity) cannot be estimated independently of markups. We extend this basic framework to show … procedure will tend to overestimate exporting markups and underestimate their productivity. In addition, we provide an …-porter productivity …
Persistent link: https://www.econbiz.de/10012726824
total factor productivity. I examine plant-level data and show that some industries experience countercyclical reallocations … produce less of the total output, but during expansions they produce more. These reallocations cause overall productivity to … rise during recessions, and do not reflect the actual path of productivity of a representative firm over the course of the …
Persistent link: https://www.econbiz.de/10012729053
This paper, instrumented with six theorems, shows that differences between firms in labor productivity, capital …
Persistent link: https://www.econbiz.de/10012780246
We address two problems of traditional cost functions: the discontinuity caused by the production capacity (the marginal cost abruptly becomes infinite when production capacity is reached) and the production capacity is artificially exogenous. So, we introduce a smoothed form of marginal cost...
Persistent link: https://www.econbiz.de/10012955929
Economists typically model a plant's productivity as an exogenous characteristic, but the people who run and work at … manufacturing plants make choices, at a cost, that affect plant productivity. I develop a method to partially identify the … productivity distribution when such choices determine productivity. The method uses a monotone comparative static result I prove in …
Persistent link: https://www.econbiz.de/10012900680
differ both in productivity and in their cost of raising collateral. Firm-specific financial frictions, together with … productivity, therefore figure in the equilibrium expressions of prices and markups. We validate our theoretical results on a … balance-sheet data firm-specific measures of access to finance, total factor productivity and markups, and then use these …
Persistent link: https://www.econbiz.de/10012906422
Factor misallocation has been emphasized as one of the main sources of differences in aggregate TFP. This paper investigates the empirical dynamics of both capital and labor misallocation. Exploiting a balanced firm-level panel dataset covering manufacturing and services industries in several...
Persistent link: https://www.econbiz.de/10012909565