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reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal … marginal responsiveness of employment growth to business-level productivity has weakened. The responsiveness in the post-2000 … in the 1990s. Counterfactuals show that weakening productivity responsiveness since 2000 accounts for a significant drag …
Persistent link: https://www.econbiz.de/10011803797
technical change and TFP growth of provinces. -- Technical change ; total factor productivity growth ; technology indicator …
Persistent link: https://www.econbiz.de/10003941555
productivity growth ; technology indicator ; technology shifter ; OECD countries …
Persistent link: https://www.econbiz.de/10009425734
We analyse the impact of Covid-19 on productivity using data from an innovative monthly firm survey panel that asks for … quantitative impacts of Covid on inputs and outputs. We find total factor productivity (TFP) fell by up to 5% during 2020–21. The … overall impact combined large reductions in ‘within-firm’ productivity, with an offsetting positive ‘between-firm’ effects as …
Persistent link: https://www.econbiz.de/10013300951
the traditional (desirable-output-oriented) technical productivity and the undesirable-output-oriented environmental, or … so-called "green", productivity. To measure the latter, we derive a Solow-type Divisia environmental productivity index … which, unlike conventional productivity indices, allows crediting the ceteris paribus reduction in undesirable outputs. Our …
Persistent link: https://www.econbiz.de/10011297619
. Labor productivity rises 8% at targets over two years post buyout (again, relative to controls), with large gains for both … public-to-private and private-to-private buyouts. Target productivity gains are larger yet for deals executed amidst tight … sharply curtails productivity gains in public-to-private and divisional buy-outs. Average earnings per worker fall by 1.7% at …
Persistent link: https://www.econbiz.de/10012631151
important gap in most empirical studies of establishment-level productivity is the limited information about workers …' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity …-access establishment-level productivity dataset created by the BLS-Census Bureau Collaborative Micro-productivity Project. We take a first …
Persistent link: https://www.econbiz.de/10013412738
In the literature technical change is mostly assumed to be exogenous and specified as afunction of time. However, some exogenous external factors other than time can also affecttechnical change. In this paper we model technical change via time trend (purely externalnon-economic) as well as other...
Persistent link: https://www.econbiz.de/10009360600
The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity miracle” is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …
Persistent link: https://www.econbiz.de/10005114281
reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these … patterns by studying changes in productivity growth from the late 1990s to the mid 2000s using firm-level data. We find that … diminished allocative efficiency gains can account for the productivity slowdown in a manner that interacts with the within …
Persistent link: https://www.econbiz.de/10011708266