There is a divergence in the returns of top-performing (star) firms and the rest of the economy, especially in industries that rely on a skilled labor force, raising concerns about their market power. We show that the divergence is explained by the mis-measurement of intangible capital. While...

There is a divergence in the returns of top-performing (star) firms and the rest of the economy, especially in industries that rely on a skilled labor force, raising concerns of their market power. We show that the divergence is largely explained by the mismeasurement of intangible capital....

Using firm-level data from two selected African countries, we examine whether firm-level investment in capital is a possible channel through which less productive firms gain entry into export markets. Our findings reveal that non-exporters who invest in capital stock increase their probability...

The overall composite Business Survey Index for the manufacturing sector in Q4 2020 remained under the baseline (100). However, all feeder indices have slightly increased compared to the previous quarter. Specifically, sales (96), domestic demand (96), and ordinary profit (92) showed...

The BSIs for the 3rd quarter of 2014 suggest that the weakness in manufacturers’ business conditions has continued. The BSIs of sales and domestic demand have worsened since last year. Furthermore, the BSIs on facilities investment, operation ratio of facilities, employment, and financial...

The BSIs for the 2nd quarter of 2014 indicate that manufacturing firms have continued to report weaknesses in their economic sentiment. The manufacturers’ assessment of business conditions has been below the baseline (100) since last year. However, the BSIs on facilities investment, operation...

The BSIs for the 3rd quarter of 2015 suggest that manufacturers’ economic sentiment is far from bright. A majority of BSIs are in a recession, showing below the baseline (100). However, the BSIs on inventory have improved since the 1st quarter 2015

The BSIs for the 2nd quarter of 2015 indicate that manufacturing firms have continued to report weakness in their economic sentiment. Specifically, sales (92), domestic demand (93), exports (94), ordinary profit (90), operation ratio of facilities (98), and financial condition (87) are in a...

Outline of KIET Quarterly Manufacturing Business Survey Index BSI surveys were conducted in 379 domestic manufacturing firms. Respondents answered online-based questionnaires that include 7 scale choices from March 4, 2015 to March 20, 2015. The questionnaire is composed of 10 items including...

The BSIs for the 4th quarter of 2014 suggest that the trend of weakness in manufacturers’ business circumstances has continued. The weak performances regarding the demand (e.g. sales, domestic demand, etc.) and production sides (e.g. facilities investment, employment, etc.) have persisted for...