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External Capital Factors and Increasing Returns in U.S. Manufacturing

Morrison Paul, Catherine J.; Siegel, Donald S. - 1998

Theoretical models of endogenous growth identify capital accumulation and returns as a potential stimulus to economic growth. Existing empirical studies, however, are based on a limited notion of these returns, which follows from the simple production function framework used for estimation. The...

Persistent link: https://www.econbiz.de/10014064040

Concentration in international markets : evidence from US imports

Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2021

We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive margin: the number of exporting firms has grown, and the...

Persistent link: https://www.econbiz.de/10012495680

Concentration in international markets : evidence from US imports

Bonglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2019

We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and country of origin. The fall in concentration is driven by the extensive margin: the number of exporting firm has grown, and the...

Persistent link: https://www.econbiz.de/10011979247

Returns to Scale in U.S. Production : Estimates and Implications

Basu, Susanto; Fernald, John G. - 1997

A typical (roughly) two-digit industry in the United States appears to have constant or slightly decreasing returns to scale. Three puzzles emerge, however. First, estimates often rise at higher levels of aggregation. Second, apparent decreasing returns contradicts evidence of only small...

Persistent link: https://www.econbiz.de/10014031071

US Elasticities of Substitution and Factor-Augmentation at the Industry Level

Young, Andrew T. - 2012

We provide industry-level estimates of the elasticity of substitution (σ) between capital and labor in the US economy. We also estimate rates of factor-augmentation. Aggregate estimates are produced using the same data. Our empirical model comes from the first-order conditions associated with a...

Persistent link: https://www.econbiz.de/10013115989

Unproductive by Choice : Substitution and the Slowdown in Aggregate Productivity Growth in the United States

Flynn, Zach - 2019

I propose a new decomposition of aggregate total factor productivity. I model productivity as an index of unmeasured … factors of production, and decompose the conditional factor demand for this index. With this model of productivity, changes in … the price of labor or capital cause substitution to or from productivity. I study whether such changes explain the …

Persistent link: https://www.econbiz.de/10012888982

Sectoral Productivity in the United States : Recent Developments and the Role of IT

Corrado, Carol - 2014

This paper introduces new estimates of recent productivity developments in the United States, using an appropriate … continued strong performance of U.S. productivity since 2000. We find that the major sectoral players in the late 1990s pickup … were not contributors to the more recent surge in productivity. Rather, striking gains in MFP in the finance and business …

Persistent link: https://www.econbiz.de/10012709388

Measuring and Decomposing Output Gap : A Production Function Approach of the USA and EU-27 Countries

Máté, Domician - 2014

variations in the output gap stem from the cyclical variations of total labour input and the total factor productivity (TFP …

Persistent link: https://www.econbiz.de/10013046295

Productivity, market selection and corporate growth : comparative evidence across US and Europe

Dosi, Giovanni; Moschella, Daniele; Pugliese, Emanuele; … - 2013

manufacturing industries of France, Germany, UK and USA. We first disentangle the contribution to industry-level productivity growth … of within-firm productivity changes and between-firms reallocation of shares. The evidence corroborates that within … extent firm growth rates are shaped by relative productivity levels in deviation from industry average and by the over time …

Persistent link: https://www.econbiz.de/10009766333

Shocks, Financial Dependence and Efficiency : Evidence from U.S. and Canadian Industries

Estevão, Marcello M. - 2011

The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on …

Persistent link: https://www.econbiz.de/10013121436