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In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...
Persistent link: https://www.econbiz.de/10012446897
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...
Persistent link: https://www.econbiz.de/10005049015
This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on … micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. <I …>i</I>) Changes in productivity in individual firms at a given size (relative to market). And, <I>ii</I>) a reallocation process due …
Persistent link: https://www.econbiz.de/10005045691
profitability and productivity that can outweigh the costs of the policy. This paper reviews the empirical evidence on the link … between environmental policy stringency and productivity growth, and the various channels through which such effects can take …
Persistent link: https://www.econbiz.de/10011276877
As it takes time and effort to learn how to fully utilise new technology and realise its maximum potential productivity … gain, adoption of new technology tends to reduce productivity temporarily, even though the potential productivity gain in … potential explanation of the following two “productivity puzzles” reported in the Information Technology (IT) literature and in …
Persistent link: https://www.econbiz.de/10012445893
This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on … micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. i) Changes … in productivity in individual firms at a given size (relative to market). And, ii) a reallocation process due to …
Persistent link: https://www.econbiz.de/10012446254
The recovery from the current deep recession caused by the COVID-19 pandemic will require raising productivity through … competition, firms face weak incentives to become more productive. Sizeable shares of labour and capital are trapped in low-productivity …
Persistent link: https://www.econbiz.de/10012630141
leads to changes in incumbent firms’ productivity. We find that platform use increases labour productivity growth in firms … employment. What is more, productivity gains are greater for small firms and firms in the middle of the productivity distribution … in narrowing productivity gaps among firms. Finally, productivity gains are stronger in more dynamic platform markets …
Persistent link: https://www.econbiz.de/10012661010
Intangible assets are an important driver of productivity and ultimately output growth. Yet, despite their aggregate … rise in the past decades, productivity has continued to grow modestly in the majority of OECD countries. This is in part … analysis, the paper provides evidence that easing financing restrictions is particularly beneficial for productivity in sectors …
Persistent link: https://www.econbiz.de/10012661025