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...
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 ...
This paper analyzes the effect of agglomeration economies on firms’ total factor productivity. We propose the use of a control function approach to overcome the econometric issue inherent to the two-stage approach commonly used in the literature. Estimations are conducted separately for four industry groups, defined by technological intensity, to allow for non-uniform effects of agglomeration economies ...
Following reunification, productivity in eastern Germany grew rapidly. A strong industrial sector is key to a thriving German economy. However, the narrowing of the industrial productivity gap between eastern and western Germany has come to a standstill since the financial and economic crisis and the gap remains considerable today. Nevertheless, when comparing similar regions in eastern and western ...
In Ostdeutschland ist die Produktivität nach der Vereinigung rasant gestiegen. In dem für die Leistungsfähigkeit der Wirtschaft zentralen Bereich der Industrie jedoch ist der Annäherungsprozess zu Westdeutschland seit der Finanz- und Wirtschaftskrise zum Erliegen gekommen. Die Lücke im Produktivitätsniveau zwischen Ost und West ist dabei immer noch beachtlich. Vergleicht man allerdings gleichartige ...
Diese Webseite verwendet Cookies. In unserer Datenschutzerklärung finden Sie Informationen zum Einsatz dieser Cookies sowie zu den Möglichkeiten, sie abzulehnen.