ERN: Productivity (Topic)最新文献

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Learning Where to Drill: Drilling Decisions and Geological Quality in the Haynesville Shale 学习在哪里钻探:海恩斯维尔页岩的钻探决策和地质质量
ERN: Productivity (Topic) Pub Date : 2020-04-22 DOI: 10.2139/ssrn.3583149
M. Agerton
{"title":"Learning Where to Drill: Drilling Decisions and Geological Quality in the Haynesville Shale","authors":"M. Agerton","doi":"10.2139/ssrn.3583149","DOIUrl":"https://doi.org/10.2139/ssrn.3583149","url":null,"abstract":"We often link increasing productivity in resource extraction to innovation in how firms extract. Yet resource quality - where firms extract - is a key driver of productivity. Using a structural model and data from Louisiana's Haynesville shale, I disentangle the impacts of how and where firms extract natural gas. Mineral lease contracts, learning about geology, and prices actually explain more than half of growth in output per well not just technological change. Neglecting this may lead to over-optimistic long-run supply forecasts. I also show that growth in output per well masked large distortions caused by mineral lease contracts, which reduced resource rents.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133881670","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: 10
CEO Age and Firm Innovation: Evidence from IT Industry in Korea CEO年龄与企业创新——来自韩国IT产业的证据
ERN: Productivity (Topic) Pub Date : 2020-04-07 DOI: 10.2139/ssrn.3570338
Jeongdae Yim, Minju Kang
{"title":"CEO Age and Firm Innovation: Evidence from IT Industry in Korea","authors":"Jeongdae Yim, Minju Kang","doi":"10.2139/ssrn.3570338","DOIUrl":"https://doi.org/10.2139/ssrn.3570338","url":null,"abstract":"This paper investigates the relationship between CEO age and firm innovation measured as innovation productivity (i.e., the number of patent applications) and innovation scope (i.e., technological proximity). Using a sample of 11,194 firm-year observations from the Korean stock markets for the sample period of 2002−2016, we document that a firm’s innovation productivity or innovation scope decreases in CEO age. We also report that younger CEOs in IT firms are more likely to participate in firm innovation than those in non-IT firms. Our main results are robust in Tobit, Poisson, and negative binomial regressions, in specification of CEO-fixed effect models, and in estimating new sample constructed by a propensity score matching. Taken together, younger CEOs in IT firms may be more motivated to signal their innovativeness to the market to be regarded as outstanding innovators or adventurous innovators, which supports managerial signaling hypothesis for young CEOs.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114752238","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
The Impact of Financial Constraints on Tradable and Non-Tradable R&D Investments in Portugal 财政约束对葡萄牙可贸易和不可贸易研发投资的影响
ERN: Productivity (Topic) Pub Date : 2020-04-06 DOI: 10.2139/ssrn.3569702
Manuela Magalhães
{"title":"The Impact of Financial Constraints on Tradable and Non-Tradable R&D Investments in Portugal","authors":"Manuela Magalhães","doi":"10.2139/ssrn.3569702","DOIUrl":"https://doi.org/10.2139/ssrn.3569702","url":null,"abstract":"We develop a directed technical change model with two sectors, tradable and non-tradable, and dynamic \u0000firms’ decisions to invest in R&D in the presence of financial constraints. The model establishes a linkage \u0000between R&D decisions, product and process innovations, future productivity, profits, and credit constraints. \u0000The model is estimated using Portuguese firms’ data of the tradable and non-tradable sectors. We find that the \u0000previous R&D investments raises the innovating probabilities, the innovating probabilities are higher in the tradable sector, and the startup costs of innovation tend to be higher than the maintenance costs. The results also \u0000show complementary between the R&D benefits and the firm’s financial strength, diminishing marginal returns \u0000to capital on innovation benefits, and high heterogeneity of the innovation costs across industries. Finally, when \u0000the firms’ financial strength and the trade-off between tradable and non-tradable goods are considered, the R&D \u0000benefits in the non-tradable sector do not compensate its cost given the higher productivity and innovation probabilities of the tradable sector. As a result, the R&D investments in the tradable sector illustrates a misallocation \u0000of financial resources.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"387 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121774360","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
World Productivity: 1996-2014 世界生产力:1996-2014
ERN: Productivity (Topic) Pub Date : 2020-03-13 DOI: 10.2139/ssrn.3554079
M. Esfahani, John G. Fernald, B. Hobijn
{"title":"World Productivity: 1996-2014","authors":"M. Esfahani, John G. Fernald, B. Hobijn","doi":"10.2139/ssrn.3554079","DOIUrl":"https://doi.org/10.2139/ssrn.3554079","url":null,"abstract":"We account for the sources of world GDP growth using data for 40 major economies and 36 industries from the World Input-Output Database from 1996 to 2014. We nd that the contribution of productivity growth at the country-industry level to world GDP growth is relatively constant and that the recent productivity slowdown in industrialized countries is largely oset, at the world level, by productivity growth in emerging economies. Most of the fluctuations in world productivity growth are the result of shifts in the distribution of employment across countries and industries. This shift in employment to countries with lower average labor productivity and wages is a drag on the growth of aggregate productivity in the world. Using new data on PPP-based value-added measures by country and industry, we show that about a third of this shift, however, seems to reect employment growing in countries, most notably China and India, and industries that benet from an international cost advantage in terms of deviations from PPP.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114982870","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
What Explains the Productivity Premium in China? 如何解释中国的生产率溢价?
ERN: Productivity (Topic) Pub Date : 2020-03-12 DOI: 10.2139/ssrn.3553356
Anthony Howell, Chong Liu, Rudai Yang
{"title":"What Explains the Productivity Premium in China?","authors":"Anthony Howell, Chong Liu, Rudai Yang","doi":"10.2139/ssrn.3553356","DOIUrl":"https://doi.org/10.2139/ssrn.3553356","url":null,"abstract":"This paper relies on the empirical framework introduced in Combes et al. (2012) to address the following main questions: (i) what are the relative contributions of agglomeration and selection forces expected to drive the urban productivity premium previously observed in Chinese cities? and (ii) to what extent does the industrial parks and zones program (IPZs), a popular place-based policy, simultaneously influence selection and agglomeration mechanisms? The main findings are as follows. First, both agglomeration and selection forces are observed in larger, denser Chinese cities, indicating that earlier studies that failed to take into account selection likely overestimate the effect of agglomeration economies. Second, after taking into account non-random site selection based on matching, the IPZ program intensifies both agglomeration and selection forces, although the results depend strongly on who administers the program. The empirical findings highlight a theoretical connection between state intervention and explaining the observed urban premium in a transitioning economy context.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129518663","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
Did Economic Reforms Affect Manufacturing Productivity in India? 经济改革是否影响了印度的制造业生产率?
ERN: Productivity (Topic) Pub Date : 2020-01-29 DOI: 10.2139/ssrn.3527371
Partha Chatterjee, Shweta Jain
{"title":"Did Economic Reforms Affect Manufacturing Productivity in India?","authors":"Partha Chatterjee, Shweta Jain","doi":"10.2139/ssrn.3527371","DOIUrl":"https://doi.org/10.2139/ssrn.3527371","url":null,"abstract":"India has witnessed a series of policy reforms since 1991, which aimed to increase productivity of the manufacturing sector. Did these reforms increase productivity in manufacturing plants? We address this question using rich data from the Annual Survey of Industries in India spanning three decades from 1983-84 to 2012-13. We focus on three reforms: delicensing, allowing foreign direct investments, and tariff reduction. We find no systematic or significant impact of the reforms on plant-level productivity in manufacturing. This result holds whether we look at the reforms individually using a difference-in-difference technique or simultaneously using fixed effects. Productivity is correlated with plant size, industry concentration, and misallocation, but we find that the reforms had no significant effect on any of these channels. This sheds light on why the economic reforms in India may have failed to impact productivity.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128522356","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
Academic Engagement, Commercialization, and Scholarship: Empirical Evidence from Agricultural and Life Scientists at U.S. Land-Grant Universities 学术参与、商业化和奖学金:来自美国赠地大学农业和生命科学家的经验证据
ERN: Productivity (Topic) Pub Date : 2020-01-01 DOI: 10.3386/W26688
B. Barham, Jeremy Foltz, A. P. Melo
{"title":"Academic Engagement, Commercialization, and Scholarship: Empirical Evidence from Agricultural and Life Scientists at U.S. Land-Grant Universities","authors":"B. Barham, Jeremy Foltz, A. P. Melo","doi":"10.3386/W26688","DOIUrl":"https://doi.org/10.3386/W26688","url":null,"abstract":"This article examines the involvement of agricultural and life science faculty at U.S. land grant universities in two types of university-industry relations: academic engagement (sponsored research, industry collaborations, and presentations), academic commercialization (patenting, licensing, and start-ups) and traditional academic scholarship. It exploits large-scale, random sample cross-section surveys of nearly 1,500 scientists at the original 52 Land Grant Universities in 2005 and 2015. We fill a knowledge gap regarding the prevalence, coincidence, intensity, importance and factors shaping faculty involvement in university-industry relations (UIR). After several decades of promotion and emphasis on UIR activities participation in them has plateaued and is stable at a fairly high level. Academic engagement is far more prevalent (at 76% of faculty) and important than is academic commercialization (at 19% of faculty). Academic engagement generates 15-20 times the research funds than academic commercialization does, but both continue to be dwarfed by public funding. We find evidence of synergies between UIR activities and academic scholarship. We also explore how individual, institutional, and university-level factors help explain faculty UIR participation. We find differences across academic disciplines and highlight the role that faculty attitudes toward science and commercial activity shape involvement in UIR. Significant differences also stem from university level effects and may be contingent on culture, history, location, and quality of science.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121640997","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: 1
Does Corporate Governance Associate with Productivity for Sustainable Growth? Indian Experience 公司治理与可持续增长的生产力有关吗?印度的经验
ERN: Productivity (Topic) Pub Date : 2019-11-22 DOI: 10.2139/ssrn.3491552
Sajit Jacob
{"title":"Does Corporate Governance Associate with Productivity for Sustainable Growth? Indian Experience","authors":"Sajit Jacob","doi":"10.2139/ssrn.3491552","DOIUrl":"https://doi.org/10.2139/ssrn.3491552","url":null,"abstract":"This paper discusses importance of Corporate Governance on the productivity of the firm and this study in particular has chosen role of CG on Total Factor Productivity as the core of this paper. The main goal is to prove CG as the causal factor for TFP. Main attention was paid to Ordinary Least Squares based econometric modelling of TFP to identify the leading financial performance variables, that CG needs to focus. This topic was chosen because, unless productivity of firms improve the real macroeconomic growth remains a mirage. The major findings of the paper are CG needs to develop specific strategies to enhance Operating Cash flow to Sales, Debt Service Coverage and Return on Revenue to create significant impact on TFP. The above findings suggest that there exist a financial value chain that establishes logically and with correlation signs that CGPI is a critical causal factor for productivity.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125434295","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
Clustering Effects on Firm Exporting with Productivity‐Enhancing R&D in China 集群效应对中国企业出口与生产率提升R&D的影响
ERN: Productivity (Topic) Pub Date : 2019-11-01 DOI: 10.1111/twec.12834
Anthony Howell
{"title":"Clustering Effects on Firm Exporting with Productivity‐Enhancing R&D in China","authors":"Anthony Howell","doi":"10.1111/twec.12834","DOIUrl":"https://doi.org/10.1111/twec.12834","url":null,"abstract":"This paper examines the effects of regional clustering on the linkages among R&D, exporting and productivity of Chinese firms. A structural framework is employed using a set of recursive equations that is capable of correcting for most estimation issues related to selection and endogeneity. The main findings reveal that regional clustering brings about relatively trivial direct benefits to exporters after taking into account important sources of firm heterogeneity. Rather, the main benefits of clustering on exporting appear to arise indirectly through investments in innovation and productivity. The main implication of the findings suggests that a better endowed geographical area improves international competitiveness mainly by enhancing the super‐additive effects of investments in technology on productivity, which, in turn, enhances exporting performance.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128666509","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
Informality and Aggregate Productivity: The Case of Mexico 非正式性与总生产率:墨西哥的案例
ERN: Productivity (Topic) Pub Date : 2019-11-01 DOI: 10.5089/9781513519920.001
Jorge Alvarez, Cian Ruane
{"title":"Informality and Aggregate Productivity: The Case of Mexico","authors":"Jorge Alvarez, Cian Ruane","doi":"10.5089/9781513519920.001","DOIUrl":"https://doi.org/10.5089/9781513519920.001","url":null,"abstract":"We assess the aggregate productivity impact of distortions arising from labor regulations in Mexico and how they interact with informality. Using employment surveys and a firm-level economic census, we document a number of novel features about informal firms in Mexico. We then construct and estimate a model of heterogeneous firms and endogenous informality to study the micro and macro impacts from various policy reforms. Some reforms may have large impacts on informal employment but small impacts on aggregate productivity.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117082459","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: 11
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