A growing empirical literature attributes much of the productivity advantages of large, "superstar" firms to their adoption of best practice management techniques that allow them to better identify and use talented workers. The reasons for the incomplete adoption of these "structured management...

Capital reallocation between firms is procyclical and leads to variations in measured aggregate productivity. In this paper, we ask how much of the cyclical variation in measured productivity is the consequence of capital reallocation. We build a heterogeneous-firm model to study the effects of...

This paper analyzes the effect of new technology for steel refining-the basic oxygen furnace-on productivity growth using the productivity decomposition method. I employ a technique that decomposes productivity growth into four factors: operational improvement, within- and between-technology...

Cogeneration has higher efficiency than separate heat and power generation. Since both are generated in a single process, it is necessary to allocate the emissions to by-products for comparing their environmental performance. Numerous methods exist resulting in very different allocations. There...