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Covid-19 and SME Failures
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...
Persistent link: https://www.econbiz.de/10013244116
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The Rise and Fall of Pellagra in the American South
Clay, Karen - 2017
undermined nutrition by displacing local food production. Consistent with this hypothesis, a difference-in-differences estimation … shows that after the arrival of the boll weevil, food production in affected counties rose while cotton production and …
Persistent link: https://www.econbiz.de/10012948921
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Misallocation in the Market for Inputs : Enforcement and the Organization of Production
Boehm, Johannes - 2018
The strength of contract enforcement determines how firms source inputs and organize production. Using microdata on … Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with … of input use. The equilibrium organization of production and the network structure of input-output linkages arise …
Persistent link: https://www.econbiz.de/10012912175
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Product Quality and Worker Quality
Abowd, John M.; Kramarz, Francis; Moreau, Antoine - 2021
We study the relation between product quality and worker quality using an economic model that, under certain conditions, provides a direct link between product price, product quality and work force quality. Our measures of product quality are the evolution in the detailed product price relative...
Persistent link: https://www.econbiz.de/10013227755
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Do Firms Smooth the Seasonal in Production in a Boom? Theory and Evidence
Cecchetti, Stephen G.; Kashyap, Anil K.; Wilcox, David W. - 2021
Using disaggregated production data we show that the size of seasonal cycles changes significantly over the course of … disentangled from cyclical fluctuations only when the marginal cost of production is linear, and the variation in demand and cost … involves studying the variation in seasonally unadjusted patterns of production and inventory accumulation over different …
Persistent link: https://www.econbiz.de/10013240631
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Sticky Prices : A New Monetarist Approach
Head, Allen - 2011
Why do some sellers set nominal prices that apparently do not respond to changes in the aggregate price level? In many models, prices are sticky by assumption; here it is a result. We use search theory, with two consequences: prices are set in dollars, since money is the medium of exchange; and...
Persistent link: https://www.econbiz.de/10013119345
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Input Diffusion and the Evolution of Production Networks
Carvalho, Vasco M. - 2014
The adoption and diffusion of inputs in the production network is at the heart of technological progress. What … existing production network plays a crucial role in the diffusion of inputs and the evolution of technology …
Persistent link: https://www.econbiz.de/10013055829
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Firms' Optimism and Pessimism
Bachmann, Rudi - 2014
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10013064073
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Components of Manufacturing Inventories
Auerbach, Alan J.; Green, Jerry - 2021
This paper presents a structural model of production and inventory accumulation based on the hypothesis of cost … in particular for a cost changing the production level rather than only for deviations of the production level from a … production adjustment allowed. Disaggregation of inventories provides significant insights into the dynamics of the adjustment …
Persistent link: https://www.econbiz.de/10013229372
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Cheap Labor Meets Costly Capital : The Impact of Devaluations on Commodity Firms
Forbes, Kristin - 2021
This paper examines how devaluations affect the relative costs of labor and capital and therefore influence production …
Persistent link: https://www.econbiz.de/10013211638