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The Impact of Capital Measurement Error Correction on Firm-Level Production Function Estimation
Lizal, Lubomir; Galuščák, Kamil - William Davidson Institute, University of Michigan - 2012
Based on a large panel of Czech manufacturing firms, we estimate firm-level production functions in 2003–2007 using the Levinsohn and Petrin (2003) and Wooldridge (2009) approaches, correcting for the measurement error in capital. We show that measurement error plays a significant role in the...
Persistent link: https://www.econbiz.de/10010545918
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The Impact of Capital Measurement Error Correction on Firm-Level Production Function Estimation
Lizal, Lubomir; Galuščák, Kamil - William Davidson Institute, University of Michigan - 2012
Based on a large panel of Czech manufacturing firms, we estimate firm-level production functions in 2003–2007 using the Levinsohn and Petrin (2003) and Wooldridge (2009) approaches, correcting for the measurement error in capital. We show that measurement error plays a significant role in the...
Persistent link: https://www.econbiz.de/10010552178
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Mission Implausible III: Measuring the Informal Sector in a Transition Economy using Macro Methods1
Hanousek, Jan; Palda, Filip - William Davidson Institute, University of Michigan - 2004
An easy and popular method for measuring the size of the underground economy is to use macro-data such as money demand or electricity demand to infer what the legitimate economy needs, and then to attribute the remaining consumption to the underground economy. Such inferences rely on the...
Persistent link: https://www.econbiz.de/10005677433
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Job Reallocation and Productivity Growth under Alternative Economic Systems and Policies: Evidence from the Soviet Transition
Brown, J. David; Earle, John S. - William Davidson Institute, University of Michigan - 2002
How do economic policies and institutions affect job reallocation processes and their consequences for productivity … little relationship to relative productivity across firms and sectors. Since liberalization began, the pace, heterogeneity …, and productivity effects of job flows have increased substantially. The increases occurred more quickly in rapidly …
Persistent link: https://www.econbiz.de/10005207903
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From Workers to Owners: Survey Evidence on the Impact of Property Rights Reforms on Small Farmers in Two Regions in Romania
Vidican-Sgouridis, Georgeta; Kim, Annette - William Davidson Institute, University of Michigan - 2008
organizational forms. Also, we find that productivity levels do not differ significantly between farming arrangements, and that labor …
Persistent link: https://www.econbiz.de/10005677511
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Direct Foreign Investments And Productivity Growth In Hungarian Firms, 1992-1999
Sgard, Jérôme - William Davidson Institute, University of Michigan - 2001
The impact of FDI on total factor productivity in Hungary during the 1990s' is assessed with a large enterprise panel …. Foreign equity is associated with higher productivity levels and has a substantial, positive spillover effect on aggregate TFP …. Finally, State ownership implies lower levels of productivity, but does not hinder the capacity to respond to market …
Persistent link: https://www.econbiz.de/10005784803
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Reforms, Entry and Productivity: Some Evidence from the Indian Manufacturing Sector
Bhaumik, Sumon Kumar; Gangopadhyay, Shubhashis; … - William Davidson Institute, University of Michigan - 2006
It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can … be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable … growth in total factor productivity. …
Persistent link: https://www.econbiz.de/10005677739
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The Distribution Dynamics of Income in Central and Eastern Europe relative to the EU: A Nonparametric Analysis
Nenovsky, Nikolay; Tochkov, Kiril - William Davidson Institute, University of Michigan - 2013
After more than two decades of transition and integration, countries in Central and Eastern Europe (CEE) still exhibit income levels that are significantly lower than the European Union (EU) average. This paper examines convergence in per-capita GDP between CEE and the EU over the period...
Persistent link: https://www.econbiz.de/10011161393
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SUPPORTING AFRICA’S POST-CRISIS GROWTH: THE ROLE OF MACROECONOMIC POLICIES
Brixiová, Zuzana; Ndikumana, Léonce; Abderrahim, Kaouther - William Davidson Institute, University of Michigan - 2011
The objective of this paper is to discuss macroeconomic policies that would help African countries, especially the low income countries, reach strong, sustained and shared growth in the post-crisis world. The paper first reviews, with a special focus on LICs, macroeconomic policies in Africa...
Persistent link: https://www.econbiz.de/10010545913
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Institutions, Governance and Technology catch-up in North Africa
Drine, Imed - William Davidson Institute, University of Michigan - 2011
This paper aims to analyse the effects of institution quality on technology catch-up in five North African countries (Algeria, Egypt, Morocco, Sudan and Tunisia) compared to 3 groups of developing and emerging countries (Sub Saharan Africa, Asia, and Latin America) over the period 1970-2005. The...
Persistent link: https://www.econbiz.de/10010545919