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How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
measurement of labor input as well as determining the effect of productivity shocks on labor, but a number of questions remain. As … for measurement, the issue of schooling needs further work. As for calculating the long-run impact of labor productivity …-term identification delivers more reasonable results. -- technological progress ; business cycles ; hours worked ; labor productivity …
Persistent link: https://www.econbiz.de/10003324494
While recurring and regular variations of weather conditions are implicitly addressed by standard seasonal adjustment procedures of economic time series, extraordinary weather outcomes are not. We analyze their impact on German total industrial and construction-sector production and find modest...
Persistent link: https://www.econbiz.de/10011484064
behavior of productivity during expansions will be analyzed for twenty production branches by applying the methodology proposed … by Leamer (2007), based on the decomposition of contributions to the growth of the productivity of each of these branches … productivity during recessions as well as those that have created an important stimulus to productivity during expansions. …
Persistent link: https://www.econbiz.de/10011555811
productivity (TFP) and then forecast trend output growth out to 2030 using a bottom-up approach based on forecasts that we build …
Persistent link: https://www.econbiz.de/10011447689
Housing prices diverge from construction prices after 1997 in four major countries. Besides, TFP differences between construction and the general economy account for the evolution of construction prices in the U.S. and Germany, but not in the U.K. and Spain
Persistent link: https://www.econbiz.de/10013117819
The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on …
Persistent link: https://www.econbiz.de/10013121436
This paper provides new evidence about the link between firm level total factor productivity (TFP) and stock returns … market ratio, investment, and hiring rate. Low productivity firms earn a significant premium over high productivity firms in …
Persistent link: https://www.econbiz.de/10013093807
firm productivity. A detailed analysis of 2006-2017 data shows that input- output linkages across Turkish manufacturing …-level production networks, I build a model that lays a theoretical foundation upon which establish a linkage between productivity and … the sophistication of a firm's production network, its productivity, and its entry decision regarding export markets. This …
Persistent link: https://www.econbiz.de/10012840996
utilisation (CU) as the second series has been proven to produce more reliable estimates of the Total Factor Productivity (TFP …
Persistent link: https://www.econbiz.de/10012866790