We use establishment-level data from Indian manufacturing to describe the distribution of firm size in terms of employment, and discuss implications for public policy. A unique feature of our analysis is the use of nationally representative establishment-level data from both the registered...

The effects of increasing import competition on the exit of heterogeneous domestic fi?rms are investigated, both at the theoretical and empirical level. Within the context of an oligopolistic rivalry model, marginal cost fl?exibility and product differentiation with respect to the imported goods...

Using plant-level data, I show that the dispersion of total factor productivity in U.S. durable manufacturing is greater in recessions than in booms. This cyclical property of productivity dispersion is much less pronounced in non-durable manufacturing. In durables, this phenomenon primarily...

One of the things taught by Sebastiano Brusco is that the firm taken as a unit of analysis may turn out to be too large or too small. Too large when we address the problem of the minimum efficient size, which must refer, not to the firm as a whole, but to each single stage of the production...

This paper discusses the impact of newly created firms on industry productivity growth. Our central hypothesis is that there are two potential effects of new firms on productivity growth: a direct effect, as entrants may be relatively more productive than established firms; and an indirect...

Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms' product scope adjustment behavior through the lens of asset pricing. Using a unique panel scanner data set containing...

Using plant-level data, I show that the dispersion of total factor productivity in U.S. durable manufacturing is greater in recessions than in booms. This cyclical property of productivity dispersion is much less pronounced in non-durable manufacturing. In durables, this phenomenon primarily...

We develop and structurally estimate a model of heterogeneous multiproduct firms that can be used to decompose the firm-size distribution into the contributions of costs, “appeal” (quality or taste), markups, and product scope. Using Nielsen bar-code data on prices and sales, we find that...

The overall composite Business Survey Index for the manufacturing sector in Q4 2020 remained under the baseline (100). However, all feeder indices have slightly increased compared to the previous quarter. Specifically, sales (96), domestic demand (96), and ordinary profit (92) showed...

The BSIs for the 3rd quarter of 2014 suggest that the weakness in manufacturers’ business conditions has continued. The BSIs of sales and domestic demand have worsened since last year. Furthermore, the BSIs on facilities investment, operation ratio of facilities, employment, and financial...