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Productivity volatility and the misallocation of resources in developing economies

Asker, John; Collard-Wexler, Allan; De Loecker, Jan - C.E.P.R. Discussion Papers - 2011

total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5 … time-series volatility of productivity are also characterized by greater cross-sectional dispersion in productivity …. Volatility in TFP explains one quarter to one third of cross-country productivity dispersion. We document a similar relationship …

Persistent link: https://www.econbiz.de/10009150947

Export Destinations and Input Prices

Bastos, Paulo; Silva, Joana; Verhoogen, Eric A - C.E.P.R. Discussion Papers - 2014

This paper examines the extent to which the destination of exports matters for the input prices paid by firms, using detailed customs and firm-product-level data from Portugal. We use exchange-rate movements as a source of variation in export destinations and find that exporting to richer...

Persistent link: https://www.econbiz.de/10011083348

The Quality-Complementarity Hypothesis: Theory and Evidence from Colombia

Kugler, Maurice; Verhoogen, Eric A - C.E.P.R. Discussion Papers - 2009

, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this …

Persistent link: https://www.econbiz.de/10005123564

A Price Theory of Vertical and Lateral Integration (Revised Version)

Legros, Patrick; Newman, Andrew - C.E.P.R. Discussion Papers - 2012

techno- logical shocks: productivity changes in some firms may induce ownership changes in others. If the enterprise managers …

Persistent link: https://www.econbiz.de/10011083920

Toc 'n' Roll: Bargaining, Service Quality and Specificity in the UK Railway Network

De Fraja, Gianni; Michetti, Emanuela; Zanchettin, Piercarlo - C.E.P.R. Discussion Papers - 2008

The paper studies the regulatory design in a industry where the regulated downstream provider of services to final consumers purchases the necessary inputs from an upstream supplier. The model is closely inspired by the UK regulatory mechanism for the railway network. Its philosophy is one of...

Persistent link: https://www.econbiz.de/10005792445

Monopolistic Competition and Optimum Product Selection: Why and how heterogeneity matters

Nocco, Antonella; Ottaviano, Gianmarco; Salto, Matteo - C.E.P.R. Discussion Papers - 2013

firms with low productivity and relatively few firms with high productivity. …

Persistent link: https://www.econbiz.de/10011083607

Openness and Industrial Response in a Wal-Mart World: A Case Study of Mexican Soaps, Detergents and Surfactant Producers

Javorcik, Beata; Keller, Wolfgang; Tybout, James R - C.E.P.R. Discussion Papers - 2006

This paper uses a case study approach to explore the effects of NAFTA and GATT membership on innovation and trade in the Mexican soaps, detergents and surfactants (SDS) industry. Several basic findings emerge. First, the most fundamental effect of NAFTA and the GATT on the SDS industry was to...

Persistent link: https://www.econbiz.de/10005661768

Import Competition and Exit in Business Services Sectors

Bombarda, Pamela; McCann, Fergal; Toubal, Farid - C.E.P.R. Discussion Papers - 2010

Business services firms are increasingly under pressure from foreign competition. We develop an oligopolistic competition model that studies the effect of trade liberalization on exit and sectoral restructuring in the business services sector. We assume that firms are heterogeneous in their...

Persistent link: https://www.econbiz.de/10008692315

R&D and Productivity: Estimating Production Functions when Productivity is Endogenous

Doraszelski, Ulrich; Jaumandreu, Jordi - C.E.P.R. Discussion Papers - 2008

We develop a simple estimator for production functions in the presence of endogenous productivity change that allows us … to retrieve productivity and its relationship with R\&D at the firm level. By endogenizing the productivity process we … as a generalization of the knowledge capital model (Griliches 1979) that has remained a cornerstone of the productivity …

Persistent link: https://www.econbiz.de/10005661740

Corporate Leverage and Product Differentiation Strategy

Arping, Stefan; Lóránth, Gyöngyi - C.E.P.R. Discussion Papers - 2002

We explore the joint determination of product differentiation strategy and corporate leverage in a setting where (i) product differentiation is valued by customers; (ii) debt is necessary to discipline managers; and (iii) liquidation is costly for customers, in particular, when products are...

Persistent link: https://www.econbiz.de/10005661660