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enabled Taiwan to exploit new technologies and products, resulting in rapid catch up in labour productivity relative to more … advanced economies. Using the industry-of-origin approach, this paper shows that in 1961, Taiwan's labour productivity in …
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This paper discusses the comparative productivity performance of Eastern and Western Europe since 1950. Firstly, it … looks at the productivity estimates since the beginning of transition in 1989. Secondly an historical approach is adopted by … convergence and divergence trends in productivity since 1950. …
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We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
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, scope, and productivity. In the model, firms are heterogeneous in how well they cope with expanding their product range. The …-discount puzzle" found in the data. Globalization induces a merger wave that leads to an improvement in average productivity. This … improvement is not due to selection effects but rather due to product-level productivity effects. The model predicts that …
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