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Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014

We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping's reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity. When the overall models are tested...

Persistent link: https://www.econbiz.de/10011083573

A DSGE Model of China

Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014

Persistent link: https://www.econbiz.de/10011084701

Evaluating An Estimated New Keynesian Small Open Economy Model

Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - C.E.P.R. Discussion Papers - 2007

This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...

Persistent link: https://www.econbiz.de/10005661438

Inequality of Earnings

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1999

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained. Finally,...

Persistent link: https://www.econbiz.de/10005792213

Factor Saving Innovation

Boldrin, Michele; Levine, David - C.E.P.R. Discussion Papers - 2002

conditions. The model provides a step toward a theory of endogenous innovation under conditions of perfect competition. …

Persistent link: https://www.econbiz.de/10005114155

Skills, human capital and the plant productivity gap: UK evidence from matched plant, worker and workforce data

Haskel, Jonathan; Hawkes, Denise; Pereira, Sonia - C.E.P.R. Discussion Papers - 2005

Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more …

Persistent link: https://www.econbiz.de/10005497762

Exporting and Firm Performance: Evidence from a Randomized Trial

Atkin, David; Khandelwal, Amit; Osman, Adam - C.E.P.R. Discussion Papers - 2014

efficiency. First, treatment firms have higher productivity and quality after accounting for rug specifications. Second, when …

Persistent link: https://www.econbiz.de/10011096097

Profiting from Innovation: Firm Level Evidence on Markups

Cassiman, Bruno; Vanormelingen, Stijn - C.E.P.R. Discussion Papers - 2013

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

Green innovations and organisational change: making better use of environmental technology

Hottenrott, Hanna; Rexhäuser, Sascha; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2012

The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of … technologies and that joint adoption leads to higher productivity. Without having introduced complementary organizational … innovations, the adoption of CO2 reducing technologies is associated with lower productivity. …

Persistent link: https://www.econbiz.de/10011084545

Measuring the bias of technological change

Doraszelski, Ulrich; Jaumandreu, Jordi - C.E.P.R. Discussion Papers - 2014

Technological change can increase the productivity of the various factors of production in equal terms or it can be … biased towards a specific factor. We develop an estimator for production functions when productivity is multi-dimensional. We …

Persistent link: https://www.econbiz.de/10011093691