Showing 1 - 10 of 13
and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the … distance of domestic firms to the frontier grew (in all parts of the distribution) from 1992-94 to 1995-97 and did not change … from 1995-97 to 1998-2000. The distance to the frontier is, however, orders of magnitude greater in Russia than in the …
Persistent link: https://www.econbiz.de/10005791421
privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … efficiency frontier is much larger than that of the Czech firms and continued to grow for most firms beyond 1997 while remaining … constant in the Czech Republic. Domestic firms closer to the frontier are not more likely to catch up than firms further from …
Persistent link: https://www.econbiz.de/10005792168
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in …
Persistent link: https://www.econbiz.de/10011213309
In this paper we present estimates of inventory models based on firm level panel data and investigate whether an over-simplified specification of the production technology may account for the failure to find technological incentives to smooth production in the context of the standard...
Persistent link: https://www.econbiz.de/10005667011
A firm's productivity depends on how production is organized given the level of demand for its product. To capture this mechanism, we develop a theory of an economy where firms with heterogeneous demands use labor and knowledge to produce. Entrepreneurs decide the number of layers of management...
Persistent link: https://www.econbiz.de/10009246600
when we can separate the effect on efficiency from the effect on distribution, that is when Gorman aggregation applies, the …
Persistent link: https://www.econbiz.de/10005504425
Models with externalities have become increasingly popular for studying both long-term growth and business-cycle fluctuations. Externalities can lead to indeterminacy, allowing self-fulfilling expectations to determine the equilibrium. This paper argues that the importance of indeterminacy might...
Persistent link: https://www.econbiz.de/10005504588
We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time …
Persistent link: https://www.econbiz.de/10005497901
This paper presents an empirical examination of the importance of hysteresis in international trade. An econometric model of export determination is developed where the presence of sunk costs causes discontinuous behaviour and hysteresis so that an individual exporter’s decision to stay in or...
Persistent link: https://www.econbiz.de/10005497929
This paper develops a statistical aggregation procedure for the Frisch elasticity of labor supply. It allows for worker …
Persistent link: https://www.econbiz.de/10011084720