ENTRY-EXIT AND PRODUCTIVITY CHANGE: AN EMPIRICAL ANALYSIS OF EFFICIENCY FRONTIERS (CHILE). PDF Download
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Author: Lili Liu Publisher: ISBN: Category : Chile Languages : en Pages : 350
Book Description
The analysis is based on plant-level panel data with all Chilean manufacturing plants with at least 10 workers, covering eight post-reform adjustment years 1979-86.
Author: Lili Liu Publisher: ISBN: Category : Chile Languages : en Pages : 350
Book Description
The analysis is based on plant-level panel data with all Chilean manufacturing plants with at least 10 workers, covering eight post-reform adjustment years 1979-86.
Author: Lili Liu Publisher: World Bank Publications ISBN: Category : Chile Languages : en Pages : 45
Book Description
The effects of plant turnover and learning on productivity growth are econometrically measured using a large panel of Chilean establishments covering the period 1979-86.
Author: Jorge M. Katz Publisher: United Nations Publications ISBN: Category : Business & Economics Languages : en Pages : 164
Book Description
In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
Author: Yuriy Gorodnichenko Publisher: ISBN: Category : Corporations Languages : en Pages : 88
Book Description
At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that, under weak assumptions, micro-level estimates of returns to scale are often inconsistent with profit maximization or imply implausibly large profits. The puzzle arises because popular estimators ignore heterogeneity and endogeneity in factor/product prices, assume perfect elasticity of factor supply curves or neglect the restrictions imposed by profit maximization (cost minimization) so that estimators are inconsistent or poorly identified. The paper argues that simple structural estimators can address these problems. Specifically, the paper proposes a full-information estimator that models the cost and the revenue functions simultaneously and accounts for unobserved heterogeneity in productivity and factor prices symmetrically. The strength of the proposed estimator is illustrated by Monte Carlo simulations and an empirical application. Finally, the paper discusses a number of implications of estimating revenue functions rather than production functions and demonstrates that the profit share in revenue is a robust non-parametric economic diagnostic for estimates of returns to scale.
Author: Lili Liu
Author: Lili Liu
Author: Lili Liu
Author: 
Author: Gustavo Atilio Crespi
Author: Jorge M. Katz
Author: Amil Petrin
Author: Yuriy Gorodnichenko
Author: Yuriy Gorodnichenko
Author: 
Author: