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We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … that are implicit in previous firm-level productivity estimation approaches. We use Belgian firms production data to … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other …
Persistent link: https://www.econbiz.de/10011417711
Persistent link: https://www.econbiz.de/10012487167
We revisit UK's poor productivity performance since the Great Recession by means of both a suitable theoretical … framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes … over time, and distinguish between quantity total factor productivity (TFP-Q), i.e., the capacity to turn inputs into more …
Persistent link: https://www.econbiz.de/10012387534
Persistent link: https://www.econbiz.de/10012385231
We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices … facts, demand dispersion has unambiguously negative effects on output via a "wait and see" channel. Productivity dispersion … and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than …
Persistent link: https://www.econbiz.de/10013256973
Persistent link: https://www.econbiz.de/10011716059
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
The purpose of this chapter is to review dental economics in three major areas: (i) demand for and utilisation of … dental care, (ii) productivity, technical efficiency and economies of scale in dental care production, and finally (iii …
Persistent link: https://www.econbiz.de/10014024181
We examine the impact of Articial Intelligence (AI) on productivity in the context of taxi drivers. The AI we study … assists drivers with finding customers by suggesting routes along which the demand is predicted to be high. We find that AI … improves drivers' productivity by shortening the cruising time, and such gain is accrued only to low-skilled drivers, narrowing …
Persistent link: https://www.econbiz.de/10013433210
We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more … than productivity dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect …
Persistent link: https://www.econbiz.de/10013488861