Purpose of the article: The paper focuses on the potentials and benefits controlling provides for companies in the transition period towards industry 4.0. Operative production controlling provides data that shall be used in the future to apply the concept of smart factories. This article...

Exploiting the implementation of the NOx Budget Trading Program (NBP), we show that a regional environmental regulation can have an unintended emission spillover effect from NBP-regulated power plants to manufacturing plants not regulated by the NBP via hikes in electricity prices. Our...

I investigate changes in product scope, the number of products that a firm offers, over the business cycle and decompose the impact of such changes on aggregate output. By using the Nielsen Retail Scanner data of U.S. consumer goods purchases for 2007- 2014, I find that firm product scope is an...

In this paper, we study a new channel to explain firms' price setting behavior. We propose that uncertainty about factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile prices set higher markups. We use the Bartik shift-share...

This paper analyzes the implications of plant-level dynamics over the business cycle. We first document basic patterns of entry and exit of U.S. manufacturing plants, in terms of employment and productivity, between 1972 and 1997. We show how entry and exit patterns vary during the business...

This paper explores the evolution of the average wage of employees over the life-cycle of a manufacturing plant. The average wage starts out low for a new plant and increases along with labor productivity as the plant ages. As a plant approaches exit, its average wage falls, but more slowly than...

The study aims at describing productivity growth in the manufacturing sector for a selected panel of five European countries using firm-level data. The paper explores the empirical regularities of firm productivity distribution across countries. In particular, we assess the degree of persistence...

Turkey's business sector has achieved high growth over the past few years and - on average - has coped well with increased competition. However, some labour-intensive sectors lost competitiveness prior to the currency depreciation in mid-2006 and faced employment losses, raising political...

International trade has been stated as one of the most important mean of improving firms' productivity, being the channel behind, the technology transfer from foreign companies to local firms. Focusing on imports, they can positively contribute to local firm's productivity performance by...