Showing 1 - 10 of 395
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
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
This paper examines hierarchies’ role in the organization of human-capital-intensive production. We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services. We show how the...
Persistent link: https://www.econbiz.de/10005497763
measurement error of the Solow residual (Solow 1957) as a measure of total factor productivity (TFP) growth when the capital stock …
Persistent link: https://www.econbiz.de/10008611015
This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries … explain procyclical productivity. However, this correction still leaves one in three U.S. industries with procyclical … productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries. …
Persistent link: https://www.econbiz.de/10005791211
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
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
The EU-US total factor productivity (TFP) growth gap since the mid-1990's is concentrated in a handful of market …
Persistent link: https://www.econbiz.de/10004990849
It has been argued that concave models exhibit less ‘endogeneity of growth’ than models with increasing returns to scale. Here we study a simple model of factor saving technological improvement in a concave framework. Capital can be used either to reproduce itself, or, at some additional...
Persistent link: https://www.econbiz.de/10005114155
We develop a multi-sector general equilibrium model in which productivity growth is driven by the generation of … intensity and productivity growth are primarily driven by the parameters of the production function for knowledge …
Persistent link: https://www.econbiz.de/10005114380