Showing 1 - 10 of 531
Throughout the post-war era until 1995 labour productivity grew faster in Europe than in the United States. Since 1995 …, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe’s productivity growth … between the EU and US going back to 1980. This paper is about the strong negative trade-off between productivity and …
Persistent link: https://www.econbiz.de/10005124319
We disentangle the contribution of unobserved heterogeneity in idiosyncratic demand and productivity to firm growth. We … important as productivity shocks for firm growth. Second, firms respond to shocks less than a frictionless model would predict … frictions studied by the literature on factor misallocation. We consider hurdles to firm reorganization as one such friction and …
Persistent link: https://www.econbiz.de/10011083518
In this paper we quantify the effects of the Small Scale Reservation Laws in India on the aggregate productivity …
Persistent link: https://www.econbiz.de/10008854474
advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during … trend from the cycle. The results are mildly supportive of the OC theory. Demand shocks tend to have a negative impact on … productivity, both in the short and long run, and the short-run impact is stronger in those countries where fluctuations are more …
Persistent link: https://www.econbiz.de/10005666892
We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn … establishments enter and increase market share). We find that (a) 'external restructuring' accounts for 50% of labour productivity …
Persistent link: https://www.econbiz.de/10005666830
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10011083991
While innovation is argued to create value, private incentives of firms to innovate are driven by what part of the value created firms can appropriate. In this paper we explore the relation between innovation and the markups a firm is able to extract after innovating. We estimate firm-specific...
Persistent link: https://www.econbiz.de/10011083230
-run growth into its underlying drivers. At low frequencies, variations in the growth rate of labor productivity appear to be the …
Persistent link: https://www.econbiz.de/10011145426
This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972...
Persistent link: https://www.econbiz.de/10005114373
and plays a key role in the productivity resurgence of the 1990s. Driving this finding is 4% annual growth in the quality … recent increase in productivity growth is sustainable. …
Persistent link: https://www.econbiz.de/10005504732