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establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …
Persistent link: https://www.econbiz.de/10010269435
evidence on the link of productivity and both exports and foreign direct investment (fdi) in services firms from a highly … taking differences along the conditional productivity distribution and firms with extreme values, or outliers, into account …) indicate that the productivity pecking order found in numerous studies using data for firms from manufacturing industries …
Persistent link: https://www.econbiz.de/10010280714
entry and exit as well as survival analysis of new firms. Also decompositions of productivity change into components … consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms is carried out. Our … productivity compared to incumbent firms and changes in the sectoral structure of the economy. The decomposition of productivity …
Persistent link: https://www.econbiz.de/10010261995
Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that enter in year t are less productive than incumbent...
Persistent link: https://www.econbiz.de/10010268509
productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …
Persistent link: https://www.econbiz.de/10010271755
interactions that increase productivity), possibly reinforced by localised natural advantage. To distinguish between them, we nest … larger cities left-truncates the productivity distribution whereas stronger agglomeration right-shifts and dilates the … cannot explain spatial productivity differences. This result holds across sectors, city size thresholds, establishment …
Persistent link: https://www.econbiz.de/10010282439
Persistent productivity gains to rural-urban migrants have been documented by a number of researchers. One … time spent in the urban environment (and thus learning), or job changes. The evidence suggests that both these processes …
Persistent link: https://www.econbiz.de/10010268387
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/10010267353
and account for a small share of gross, industry-level changes in exports, employment, output, and productivity. The … distribution of exports are positively correlated with changes in total factor productivity. Our results suggest that plants face … extensive and the intensive margins and the connection between exporting dynamics and plant-level total factor productivity …
Persistent link: https://www.econbiz.de/10010269312
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 data which provides direct measures for innovations and firm … export and hence to catch up to the technological frontiers. This negative effect is amplified as financial constraints force …
Persistent link: https://www.econbiz.de/10010269463