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This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
Persistent link: https://www.econbiz.de/10010325710
In the economics of joint production one often distinguishes between the two cases: the one in which a firm produces multiple products each produced under separate production process, and the other "true joint production" where a number of outputs are produced from a single production process,...
Persistent link: https://www.econbiz.de/10014048371
productivity conditioning on other state variables. Ackerberg, Caves, and Frazer (2015) point out a potential functional dependence … approach allows flexible timing of labor input for when firms learn all or part of their productivity. However, we demonstrate …
Persistent link: https://www.econbiz.de/10012890512
of the firm's production technology and productivity. This paper provides a new methodology for the proxy variable …
Persistent link: https://www.econbiz.de/10012853511
We study Ackerberg, Caves, and Frazer (2015)'s production function estimation method using Monte Carlos simulations. First, we replicate their results by using the same procedure and confirm the existence, as noted by ACF, of a spurious minimum in the estimation. In the population, or when the...
Persistent link: https://www.econbiz.de/10012932473
Productivity studies that use proxy variable estimators routinely specify single-output production functions despite …
Persistent link: https://www.econbiz.de/10013236942
This paper presents and applies different approaches to estimate returns to scale in multiple-input multiple-output technologies. Scale efficiency gives quantitative information of scale characteristics. A primal based approach to estimate the scale elasticity is proposed as an alternative to...
Persistent link: https://www.econbiz.de/10014106291
This paper investigates the link between competition and efficiency for the Hungarian corporate sector during various phases of the transition process. We employ frontier production functions to explore differences among groups of firms, and to identify the typical adjustment process of each...
Persistent link: https://www.econbiz.de/10011545481
This paper, instrumented with six theorems, shows that differences between firms in labor productivity, capital …
Persistent link: https://www.econbiz.de/10012780246
This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between … 1994 and 2016, by focusing on the role of reallocation with respect to both aggregate measures. Firm-level productivity and … aggregate productivity growth of about 34% over the whole period while aggregate markups are found to remain relatively stable …
Persistent link: https://www.econbiz.de/10014468964