This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract: A fast growing and diverse literature has addressed one of the riddles of economic developments: the declining labor productivity growth in almost all advanced economies. One of the reasons discussed is the shift towards service industries with inherently low...
DIW-WissenschaftlerInnen analysieren Auswirkungen von regionalen Beihilfen auf Investitionstätigkeit von Unternehmen – Neue EU-Leitlinien von 2014 erschweren unter anderem Vergabe von Beihilfen an große Unternehmen – Investitionen von Großunternehmen gehen in Folge zurück – Europäisches Rahmenwerk für Regionalbeihilfen sollte nachjustiert werden – ...
Es ist sehr viel passiert seit der Wiedervereinigung, aber die Produktivität ostdeutscher Unternehmen liegt immer noch um die 20 Prozent hinter den westdeutschen Unternehmen zurück. Martin Gornig betont, dass wir einen langen Atem brauchen.
This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract: This paper analyzes the relationship between common ownership – when two firms are partially held by the same investor – and markups. Combining firm-level financial data from Europe with ownership data of publicly listed firms, we structurally estimate production...
The superstar firms model provides a compelling explanation for two simultaneously occurring phenomena: the rise of concentration in industries and the fall of labor shares. Our empirical analysis confirms two of the underlying assumptions of the model: the market share increases and the labor share decreases with increasing firm-level total factor productivity, providing support for the superstar ...
Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of advanced economies and ensuring long-term economic prosperity. This paper is the first to provide evidence that investment in Knowledge-Based Capital (KBC), despite having a positive effect on productivity at the micro level, is a driver of the weak productivity performance at the ...
Declines in productivity growth substantially explain new‐normal business stagnation; yet in order to address situations of slack productivity growth, firms can choose from six generic transformational strategies: retirement, renewal, retrenchment, replication, redeployment, and recombination. While the extant literature focuses on specific transformational strategies that particular firms, or industries, ...