ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)最新文献_第6页

Wage Differentials, Firm Investment, and Stock Returns 工资差异，企业投资和股票收益

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2016-03-19 DOI: 10.2139/ssrn.2740124

Yongjun Kim

引用次数: 3

Growing Like Spain: 1995-2007 像西班牙一样成长:1995-2007

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2016-03-01 DOI: 10.2139/ssrn.2778521

Manuel Garćıa-Santana, Enrique Moral-Benito, Josep Pijoan-Mas, Roberto Ramos

{"title":"Growing Like Spain: 1995-2007","authors":"Manuel Garćıa-Santana, Enrique Moral-Benito, Josep Pijoan-Mas, Roberto Ramos","doi":"10.2139/ssrn.2778521","DOIUrl":"https://doi.org/10.2139/ssrn.2778521","url":null,"abstract":"Spanish GDP grew at an average rate of 3.5% per year during the expansion of 1995-2007, well above the EU average of 2.2%. However, this growth was based on factor accumulation rather than productivity gains as TFP fell at an annual rate of 0.7%. Using firm-level administrative data for all sectors we show that deterioration in the allocative efficiency of productive factors across firms was at the root of the low TFP growth in Spain, while misallocation across sectors played only a minor role. Cross-industry variation reveals that the increase in misallocation was more severe in sectors where government influence is more important for business success, which represents novel evidence on the potential macroeconomic costs of crony capitalism. In contrast, sectoral differences in financial dependence, skill intensity, innovative content, tradability, or capital structures intensity appear to be unrelated to changes in allocative efficiency. All in all, the observed high output growth together with increasing firm-level misallocation in all sectors is consistent with an expansion driven by a demand boom rather than by structural reforms.","PeriodicalId":237187,"journal":{"name":"ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)","volume":"302 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128623243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 112

Simultaneous Pricing and Quality Decisions for Seasonally Produced Perishable Products in a Heterogeneous Market 异质市场中季节性易腐产品的同步定价和质量决策

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2016-02-21 DOI: 10.2139/ssrn.2736008

Prashant Chintapalli, J. Hazra

引用次数: 0

Disproving the U-Shaped Production Theory 反驳u型生产理论

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2016-01-31 DOI: 10.2139/ssrn.2725295

Hak Choi

引用次数: 0

Determinants of Value Added in Exports and Their Implications 出口增加值的决定因素及其影响

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2016-01-21 DOI: 10.2139/ssrn.2771538

Nakgyoon Choi

{"title":"Determinants of Value Added in Exports and Their Implications","authors":"Nakgyoon Choi","doi":"10.2139/ssrn.2771538","DOIUrl":"https://doi.org/10.2139/ssrn.2771538","url":null,"abstract":"This study decomposes the value added in gross exports into its components, including domestic value added and foreign value added. In contrast to previous studies, we exclude transaction costs such as net taxes on products for this study, which accounted for about 3 percent of total gross world exports from 1995 to 2011 on average. The share of Korean domestic value added in exports to exports in gross value turned out to decrease from 69.9 percent in 1995 to 55.4 percent in 2011, comparable to the shrinkage in the world average from 83.5 percent to 78.3 percent during the same period. This result reveals that Korean exports of parts and raw material have been utilized in a relatively small degree, while foreign components imported to Korea have been utilized for Korean exports in a relatively large degree. This study also investigates the determinants of value added in exports by estimating the expanded multi-sector gravity model, with panel data covering 13 countries and 18 sectors for 17 years from 1995 to 2011. Empirical evidence shows that trade costs such as tax and transportation costs reduce value added in exports, implying that trade facilitation measures and tax policy lowering trade costs are vital for the promotion of value added in exports. We also find that material and service offshoring have a significant positive effect on value added in exports, supporting the notion that efficient offshoring of material and services inputs raises productivity and competitiveness in manufacturing as well as services industries.","PeriodicalId":237187,"journal":{"name":"ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)","volume":"213 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116748046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

How Does Multinational Production Affect the Measurement of Competitiveness? 跨国生产如何影响竞争力的衡量?

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2016-01-21 DOI: 10.2139/ssrn.2759784

引用次数: 16

Measuring Diploma Production Costs: Does an Undergraduate Business Degree Cost More to Produce than a Non-Business Degree? 衡量文凭制作成本:本科商科学位的制作成本是否高于非商科学位?

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2015-12-25 DOI: 10.2139/SSRN.2788736

Michael M. Barth, I. Karagiannidis

{"title":"Measuring Diploma Production Costs: Does an Undergraduate Business Degree Cost More to Produce than a Non-Business Degree?","authors":"Michael M. Barth, I. Karagiannidis","doi":"10.2139/SSRN.2788736","DOIUrl":"https://doi.org/10.2139/SSRN.2788736","url":null,"abstract":"Many colleges and universities have implemented tuition differentials for certain degree programs including business and engineering. The primary justification for the differential is that the cost of producing these degrees is higher than the cost of other degrees. Most college accounting systems are unsuited for measuring cost differentials by degree program and instead look at the cost of operating the academic unit itself. This research outlines a method that can be used to convert commonly available financial data to a more appropriate form for cost analysis using a value stream accounting approach. We apply Lean management thinking and value stream accounting to compute the per capita salary expense incurred individual students as they progress through their degree program, then aggregate those costs per student to arrive at the average direct teaching cost of earning the degree. Our results show that the average aggregate faculty salary expense differs between degree programs. However, while business salaries tend to be higher than other disciplines, we find that the cost of delivering the classroom instruction portion of a business degree falls within a range. It was higher than the humanities, but significantly lower than the teaching costs for engineering and for the sciences. Cross-subsidies between degree programs can be ameliorated through well-designed tuition differentials, but institutions must understand the underlying cost structure to better manage scarce resources. Although the results we obtained are specific to this institution, the process we used is generalizable to all institutions.","PeriodicalId":237187,"journal":{"name":"ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122675666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Stock Prices, Regional Housing Prices, and Aggregate Technology Shocks 股票价格、地区房价和总体技术冲击

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2015-05-22 DOI: 10.2139/ssrn.2654270

Jiro Yoshida

引用次数: 1

Multiregional Firms and Region Switching in the US Manufacturing Sector 美国制造业的多地区企业与地区转换

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2015-05-06 DOI: 10.2139/ssrn.2605602

A. Gervais

引用次数: 0

Making, Buying and Concurrent Sourcing: Implications for Operating Leverage and Stock Beta 制造、购买和同步采购:对经营杠杆和股票贝塔的影响

ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic) Pub Date : 2015-04-30 DOI: 10.2139/ssrn.1571223

B. Lambrecht, G. Pawlina, João C. A. Teixeira

引用次数: 16