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We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and...
Persistent link: https://www.econbiz.de/10012469519
through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in … relating productivity explicitly to R&D and ICT capital as well as to upstream regulations, and two factor demand functions … finding that the impact of upstream regulations on total factor productivity can be sizeable, and they provide evidence that a …
Persistent link: https://www.econbiz.de/10012459134
This paper aims to examine the productivity change of the Japanese economy using the data pertaining to the 47 … prefectures during the period 1981-2000. The decomposition analysis of the Hicks-Moorsteen-Bjurek productivity index is conducted … to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most …
Persistent link: https://www.econbiz.de/10012467310
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … reallocations and plant-level technical efficiency changes while allowing in the estimation for 459 different production … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector …
Persistent link: https://www.econbiz.de/10012461957
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10012462858
empirical finding.Three elaborations to the basic production frontier framework are developed and used to interpret the accident-productivity …
Persistent link: https://www.econbiz.de/10012477724
We study how innovation and technology diffusion interact to endogenously determine the productivity distribution and … productivity distribution. With finite support, the aggregate growth rate cannot exceed the maximum growth rate of innovators …
Persistent link: https://www.econbiz.de/10012455586
We develop a new theory of the firm where asset owners sometimes want to change partners ex-post. The model identifies a fundamental trade-off between (i) a "displacement externality" under non-integration, where a partner leaves a relationship even though the benefit is worth less than the loss...
Persistent link: https://www.econbiz.de/10012460165
This paper examines complementarity among vertical integration decisions in automobile product development. Though most research assumes that contracting choices are independent of each other, contracting complementarity arises when the returns to a single vertical integration decision are...
Persistent link: https://www.econbiz.de/10012465421
contracts they can write with suppliers or employees. Our main result concerns the sorting of firms with different productivity …
Persistent link: https://www.econbiz.de/10012469300