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The idea of an industrial policy that promotes large businesses - heavyweights - as the best way to compete in a globalized world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves around whether it is better to promote national...
Persistent link: https://www.econbiz.de/10013316793
Persistent link: https://www.econbiz.de/10003623797
Plant-level innovation is introduced into an heterogeneous plant setting so that productivity dynamics are endogenous …. When policy distortions are positively correlated with plant productivity, I argue that accounting for plant innovation is … important for understanding TFP differences across countries. All plants reduce innovation thereby generating an endogenous …
Persistent link: https://www.econbiz.de/10014182470
This paper deploys a dynamic extension of the Melitz (2003) model to generate predictions on export market exit and firm survival in a setting where firms endogenously make exit decisions. The central driver of the model dynamics is the inclusion of exogenous economy wide technological progress....
Persistent link: https://www.econbiz.de/10010294475
This paper deploys a dynamic extension of the Melitz (2003) model to generate predictions on export market exit and firm survival in a setting where firms endogenously make exit decisions. The central driver of the model dynamics is the inclusion of exogenous economy wide technological progress....
Persistent link: https://www.econbiz.de/10009686530
Following an unparalleled rise in uncertainty over the Great Recession, the US economy has been experiencing anaemic productivity growth. This paper offers a quantitative study on the link between uncertainty and low productivity growth. Firstly, using micro level data I show that uncertainty...
Persistent link: https://www.econbiz.de/10012243292
We present a model of endogenous total factor productivity which generates poverty traps. We obtain multiple steady-state equilibria for an arbitrarily small degree of increasing returns to scale. While the most productive firms operate across all the steady states, in a poverty trap less...
Persistent link: https://www.econbiz.de/10012709558
We present a model of endogenous total factor productivity which generates poverty traps. We obtain multiple steady state equilibria for an arbitrarily small degree of increasing returns to scale. While the most productive firms operate across all the steady states, in a poverty trap less...
Persistent link: https://www.econbiz.de/10014061526
Union membership in the United States displayed a ∩-shaped pattern over the 20th century, while income inequality sketched a ∪. A model of unions is developed to analyze these facts. There is a distribution of productivity across firms in the economy. Firms hire capital, plus skilled and...
Persistent link: https://www.econbiz.de/10013008125
This paper compiles a set of stylized facts on the evolution of firm size and labor and total factor productivity distributions during the process of transition. These facts are based on the data for all Slovenian manufacturing firms active between 1994 and 2003. Stylized picture of transition...
Persistent link: https://www.econbiz.de/10010313351