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Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with … to be more vertically integrated. To quantify the impact of these distortions on aggregate productivity, we construct a … that enforcement frictions lower aggregate productivity to an extent that is relevant on the macro scale …
Persistent link: https://www.econbiz.de/10012480592
productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … explores complementarity in information acquisition. Because information about future productivity has a high fixed cost of … production and a low marginal cost of replication, sectors can share the cost to forecast their sector-specific productivity …
Persistent link: https://www.econbiz.de/10012466105
Using disaggregated production data we show that the size of seasonal cycles changes significantly over the course of the business cycle. In particular, during periods of high economy-wide activity, some industries smooth seasonal fluctuations while others exaggerate them. We interpret this...
Persistent link: https://www.econbiz.de/10012473882
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10012461851
Persistent link: https://www.econbiz.de/10013336444
As production comes to depend more on intangible productive assets, the location of production by multinational firms becomes increasingly ambiguous. The reason is that, within the firm, these assets have no clear geographical location, but only a nominal location determined by the firm's tax or...
Persistent link: https://www.econbiz.de/10012464523
Regulations that restrict pollution by firms also affect decisions about use of labor and capital. They thus affect relative factor prices, total production, and output prices. For non-revenue-raising environmental mandates, what are the general equilibrium impacts on the wage, the return to...
Persistent link: https://www.econbiz.de/10012464994
This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to 1827. These estimates are used to assess the vulnerability of the antebellum iron industry to foreign competition and the role of the tariff in fostering the industry's early...
Persistent link: https://www.econbiz.de/10012465198
This paper uses quasi-experimental variation in payroll taxes to estimate their incidence and investigate how firms use their input factors. We find that higher payroll tax rates lead to large employment responses and have no effects on employee earnings. As payroll taxes increase, firms...
Persistent link: https://www.econbiz.de/10012479164
across buyers of manufactured intermediate goods. Over half of firm-to-firm manufacturing sales are accounted for by products … overall variation in price gaps. We use a workhorse model of production networks to quantify the productivity gains from … by buyer-product specific markups. The increase in aggregate productivity (normalized by the sales share of treated multi …
Persistent link: https://www.econbiz.de/10015145079