Author: Anik AshrafPublisher:
ISBN:
Category : Employees
Languages : en
Pages : 113
Book Description
Three Essays on Firm Productivity
Author: Anik AshrafPublisher:
ISBN:
Category : Employees
Languages : en
Pages : 113
Book Description
Three Essays on Firm Productivity in Industrial Organization and International Trade
Author: Hongsong ZhangThree Essays on Productivity (RLE: Business Cycles)
Author: Mark J. LaskyPublisher: Routledge
ISBN: 1317502523
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.
Essays on Firm Productivity and Innovation
Author: Won SungPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 128
Book Description
Three Essays of Firm Productivity, Technology Spillovers, and Foreign Direct Investment
Author: Feng LiangEssays in Firm Productivity
Author: Nick JacobEssays on Firm-level and Aggregate Productivity and Risk
Author: Rory MullenPublisher:
ISBN:
Category :
Languages : en
Pages : 121
Book Description
In chapter one I study pairwise covariances of firm-level productivity, sales, and profit growth rates for public firms in the United States. The data suggest that pairwise covariances of firm growth rates drive the variance of aggregate growth rates in all three variables. High-productivity firms contribute most to aggregate variance in absolute terms, but least per dollar of market value-which may explain why investors demand lower returns from high-productivity firms. A tractable DSGE model helps explain the evidence on firm-level covariance endogenously. In the model, a firm's expected excess stock returns increase as the firm's productivity covaries more with aggregate productivity, relative to the firm's market value. In chapter two, coauthored with Daisoon Kim, we ask where fluctuations in aggregate productivity come from, and what role markups and scale economies play in transmitting fluctuations in firm productivity to aggregate productivity. We develop an empirical framework that decomposes TFP into industry, peer, firm, and entry-exit components. We aggregate these components using a new approximate expression for aggregate TFP that lets us investigate explicitly the role of markups and scale economies in transmitting firm TFP innovations to aggregate TFP. In an application using data on public firms, we find that innovations to the firm-specific component of firm TFP drive most fluctuations in firm TFP, while innovations to the industry component drive most fluctuations in aggregate TFP. Innovations to the peer component appear to play a modest role.
Essays on Firm Dynamics, Competition and Productivity
Author: Umut KılınçPublisher:
ISBN: 9789036102506
Category :
Languages : en
Pages : 152
Book Description
Essays on the Determinants of Firm Productivity and Openness
Author: Jieun ChoiPublisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 572
Book Description
Performance and Progress
Author: Subramanian RanganPublisher:
ISBN: 0198744285
Category : Business
Languages : en
Pages : 526
Book Description
The prevailing aspiration of business is performance, while that of society is progress. Capitalism, both the paradigm and practice, sits at the intersection of these dual aspirations, and the essays in this volume explore its fraught status there. Contributions to this volume address questions such as (i) what's the problem with capitalism?; (ii) is the problem just with the practice or with the very paradigm?; (iii) what is progress and who is responsible for it?; (iv) what evolution is required at the individual, system, and paradigm level so that enterprises and the executives who lead them may better integrate performance with progress?; and (v) whither consumers, employees, and investors in this evolution? The book offers perspectives from two distinct intellectual domains-social science and philosophy. Scholars in social science (including economics, management, and sociology) tend to study performance. Ideas of progress, on the other hand, tend to fall more under the purview of philosophers (in particular social and political philosophers). Further, to obtain an insider's view on practice and possibilities, the volume includes essays from a handful of thoughtful business leaders. Research should consider not just how to make sustainability profitable, but also how to make profitability and the modern economic system sustainable. If we are to better comprehend why the world is in protest, to reflect on progress or dilemmas of trust, we must appreciate the tenuous assumptions of modern microeconomics and markets, and hear from modern philosophers about the basis and limits of rationality.