ERN: Productivity (Topic)最新文献

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(2016). Institutional Failures and Transaction Costs of Bulgarian “Private Research Institutes”. (Kiel Und Hamburg : ZBW – Deutsche Zentralbibliothek Für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft.) (2016) .机构" Failures和保加利亚事务机构"私人研究机构网站(基尔和汉堡:zpo——德国经济中心图书馆,莱布尼茨信息中心)
ERN: Productivity (Topic) Pub Date : 2016-09-07 DOI: 10.2139/ssrn.2999742
Shteryo Nozharov
{"title":"(2016). Institutional Failures and Transaction Costs of Bulgarian “Private Research Institutes”. (Kiel Und Hamburg : ZBW – Deutsche Zentralbibliothek Für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft.)","authors":"Shteryo Nozharov","doi":"10.2139/ssrn.2999742","DOIUrl":"https://doi.org/10.2139/ssrn.2999742","url":null,"abstract":"The paper analyses the reasons for poor performance of private research institutes in Bulgaria. In this regard the Institutional Economics methods are used. A connection between smart growth policy goals and Bulgarian membership in EU is made. The gaps in the institutional environment are identified as well as measures for their elimination are proposed. The main accent of the study is put on the identification of transaction costs, arisen as a result of the failures of the institutional environment where Bulgarian private research institutes operate. An additional objective of the publication is to identify the cumulative impact of transaction and social costs concerning the same transaction. Special attention is paid to the need of distinguishing the joint effect and at the same times it to be distinguished by the aforementioned factors in order to be taken into account in future econometric researches. A definition of the term “private research institutes” so as to be distinguished from Think-Tank organizations is proposed.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122173984","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
Changing of the Guard: Structural Change and Corporate Science in the Semiconductor Industry 守卫的改变:半导体产业的结构变化和企业科学
ERN: Productivity (Topic) Pub Date : 2016-07-12 DOI: 10.2139/ssrn.2808453
Maikel Pellens, Antonio Della Malva
{"title":"Changing of the Guard: Structural Change and Corporate Science in the Semiconductor Industry","authors":"Maikel Pellens, Antonio Della Malva","doi":"10.2139/ssrn.2808453","DOIUrl":"https://doi.org/10.2139/ssrn.2808453","url":null,"abstract":"This article documents a structural change in the production of science in the U.S. semiconductor industry over almost three decades. We observe a change in scientific productivity over time, where smaller firms publish more articles per dollar in R&D. Moreover, our results show a positive relationship between the value of intangibles and scientific publications, driven by basic research results. These effects are especially strong among Fabless 'design' firms and among firms in the post-PC era of semiconductor manufacturing, in line with a premium for smaller firms which invest in science in times of structural technological change.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"58 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128264508","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
Persistence of Shocks and the Reallocation of Labor 持续的冲击和劳动力的再分配
ERN: Productivity (Topic) Pub Date : 2016-07-12 DOI: 10.20955/wp.2016.014
Timotheos Angelidis, Alexander Benos, Stavros Degiannakis
{"title":"Persistence of Shocks and the Reallocation of Labor","authors":"Timotheos Angelidis, Alexander Benos, Stavros Degiannakis","doi":"10.20955/wp.2016.014","DOIUrl":"https://doi.org/10.20955/wp.2016.014","url":null,"abstract":"This paper proposes a theoretical and quantitative analysis of the reallocation of labor across firms in response to idiosyncratic shocks of different persistence. Creating and destroying jobs is costly and workers are paid a share of the value of the marginal worker. The model predicts that employment and labor costs react differently to transitory shocks and permanent shocks. Quantitative evaluation of the model on a panel of French firms shows the model performance. Modest adjustment costs are needed to reproduce observed job reallocation and inaction rates. Removing adjustment costs leads to productivity gains of one percent at the steady-state. These gains are fifty percent larger in a economy with only transitory shocks and an order of magnitude lower in an economy with only permanent shocks. Bargaining dampens the reallocation of labor across firms leading to larger efficiency losses from adjustment costs. (Copyright: Elsevier)","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132748581","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: 15
Complementarities, Coordination, and Culture 互补、协调和文化
ERN: Productivity (Topic) Pub Date : 2016-06-14 DOI: 10.2139/ssrn.2811018
C. Ellis, Jon C. Thompson, Jiabin Wu
{"title":"Complementarities, Coordination, and Culture","authors":"C. Ellis, Jon C. Thompson, Jiabin Wu","doi":"10.2139/ssrn.2811018","DOIUrl":"https://doi.org/10.2139/ssrn.2811018","url":null,"abstract":"We develop a new model of the intergenerational transmission of culture based on the labor market characteristics of different cultural types. Following Borjas (1994,1995) we assume that cultural heterogeneity increases labor productivity due to skill complementarities, however following Jackson and Xing (2014) we also assume that cultural heterogeneity hampers com-munication. We model this as a game in which individuals first engage in uniformly random matching, and then once matched play a coordination game. Other-type matches are thus potentially more productive, but also less likely to coordinate. We show that this set up can replicate many of the seminal results of Bisin and Verdier (2001) without assuming imperfect empathy. This means that we do not face the inherent difficulties that such models involve when making welfare statements. Further, we are able to obtain new results concerning the efficient size of a cultural minority, the effects of tax and welfare programs on the size and welfare of minorities, and the relationship between the intensity of social interaction and size and welfare of a minority. In an extension of the model we introduce “intermediaries” who may either facilitate other-type matching or improve after-match coordination. We then ask which parent population, the minority or majority, the intermediaries arise from and explore their implications for the equilibrium and welfare.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123196808","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
Empirical Productivity Indices and Indicators 实证生产力指数与指标
ERN: Productivity (Topic) Pub Date : 2016-05-07 DOI: 10.1093/OXFORDHB/9780190226718.013.2
B. Balk
{"title":"Empirical Productivity Indices and Indicators","authors":"B. Balk","doi":"10.1093/OXFORDHB/9780190226718.013.2","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780190226718.013.2","url":null,"abstract":"The empirical measurement of productivity change (or difference) by means of indices and indicators starts with the ex post profit/loss accounts of a production unit. The key concepts are profit, leading to indicators, and profitability, leading to indices. The main task for the productivity analyst is to decompose profit or profitability change into price and quantity components, leading to measures of total factor productivity change and total price recovery. This chapter discusses various input–output models and their linkages; the relation between productivity measurement and growth accounting; the relation between total and partial productivity measures; and aggregation issues. The approach advocated here is able to deliver the same results as the neoclassical approach; for example, it appears that for a table in which output growth is decomposed into the contributions of total factor productivity change and input growth, the neoclassical assumptions are neither necessary nor do they contribute anything to our understanding of what productivity precisely is.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131871297","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 Do Travel Costs Shape Collaboration? 差旅成本如何影响合作?
ERN: Productivity (Topic) Pub Date : 2016-04-01 DOI: 10.2139/ssrn.2764219
Christian Catalini, Christian Fons-Rosen, P. Gaulé
{"title":"How Do Travel Costs Shape Collaboration?","authors":"Christian Catalini, Christian Fons-Rosen, P. Gaulé","doi":"10.2139/ssrn.2764219","DOIUrl":"https://doi.org/10.2139/ssrn.2764219","url":null,"abstract":"We develop a simple theoretical framework for thinking about how geographic frictions, and in particular travel costs, shape scientists’ collaboration decisions and the types of projects that are developed locally versus over distance. We then take advantage of a quasi-experiment—the introduction of new routes by a low-cost airline—to test the predictions of the theory. Results show that travel costs constitute an important friction to collaboration: after a low-cost airline enters, the number of collaborations increases between 0.3 and 1.1 times, a result that is robust to multiple falsification tests and causal in nature. The reduction in geographic frictions is particularly beneficial for high-quality scientists that are otherwise embedded in worse local environments. Consistent with the theory, lower travel costs also endogenously change the types of projects scientists engage in at different levels of distance. After the shock, we observe an increase in higher-quality and novel projects, as well as projects that take advantage of complementary knowledge and skills between subfields, and that rely on specialized equipment. We test the generalizability of our findings from chemistry to a broader data set of scientific publications and to a different field where specialized equipment is less likely to be relevant, mathematics. Last, we discuss implications for the formation of collaborative research and development teams over distance. This paper was accepted by Toby Stuart, entrepreneurship and innovation.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122711816","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: 78
Corporate Real Estate Ownership and Productivity Uncertainty 企业房地产所有权与生产率不确定性
ERN: Productivity (Topic) Pub Date : 2016-04-01 DOI: 10.1111/1540-6229.12112
Daxuan Zhao, T. Sing
{"title":"Corporate Real Estate Ownership and Productivity Uncertainty","authors":"Daxuan Zhao, T. Sing","doi":"10.1111/1540-6229.12112","DOIUrl":"https://doi.org/10.1111/1540-6229.12112","url":null,"abstract":"This article empirically tests the relationship between corporate real estate (CRE) holdings and productivity risks of firms. Using a large sample of public listed U.S. firms for the period from 1984 to 2011, we show that CRE ownership is significantly and negatively correlated with productivity risks of firms. Firms with high‐productivity risk own less CRE assets. When testing dynamic changes to CRE holdings, we estimate a significant and positive elasticity of CRE investments of 5.2% in response to cash flow shocks. If the adjustment cost is high, high‐risk firms are expected to hold less CRE assets, so that they could reduce potential losses associated with CRE holdings when negative productive shocks occur.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"256 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116013946","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: 18
Does Importing More Inputs Raise Productivity and Exports? Some Evidence from Indian Manufacturing 进口更多的投入能提高生产率和出口吗?一些来自印度制造业的证据
ERN: Productivity (Topic) Pub Date : 2016-03-01 DOI: 10.2139/ssrn.3184466
C. Sharma
{"title":"Does Importing More Inputs Raise Productivity and Exports? Some Evidence from Indian Manufacturing","authors":"C. Sharma","doi":"10.2139/ssrn.3184466","DOIUrl":"https://doi.org/10.2139/ssrn.3184466","url":null,"abstract":"This study aims to analyse the role of imported inputs on productivity and export performance of the manufacturing industries of India. Our results indicate that imported inputs are crucial determinates of Total Factor Productivity (TFP). However, the impact varies greatly across industries. Furthermore, results regarding research and development (R&D) intensity suggest that inhouse R&D activities do not play a significant role in the productivity performance of Indian manufacturing firms. Our results also indicate that imports lead to a substantial growth in exports. In particular, exports in the chemical, machinery and transport equipment industries are highly dependent on imported intermediate goods. The results also indicate that although R&D is not linked with the productivity of industries, it has an important role in the export performance of these industries. TFP is also estimated to have a significant and sizable impact on export performance. This, in turn, supports the self-selection hypothesis, which explains the self-selection of more productive firms into the export market. Overall, our results support both hypotheses: learning by importing and self-selection in the import market.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"9 2 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":"116928083","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: 4
The Sisyphean Economy 西西弗斯经济
ERN: Productivity (Topic) Pub Date : 2016-02-17 DOI: 10.2139/ssrn.2733629
Stephen I. Ternyik
{"title":"The Sisyphean Economy","authors":"Stephen I. Ternyik","doi":"10.2139/ssrn.2733629","DOIUrl":"https://doi.org/10.2139/ssrn.2733629","url":null,"abstract":"A geonomic remedy for a capital-based economy is introduced; the unproductive role of excessive rent extraction via modern monetary tools is explained. The intricate interplay of assets, liquidity, productivity and the living body economic of humanity is examined in depth. Before the actual paper starts, the origin and nature of capitalism is clarified in five introductory points to serve as primer for the discussion of the economic remedy; three gateways of gradual reform are identified as vital for future economic growth.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127037680","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 Impacts of Japanese and US Outsourcing on Chinese Firms 日本和美国外包对中国企业的影响
ERN: Productivity (Topic) Pub Date : 2016-02-01 DOI: 10.1111/rode.12210
Jingmei Ma, Yibing Ding, Hong-yu Jia
{"title":"The Impacts of Japanese and US Outsourcing on Chinese Firms","authors":"Jingmei Ma, Yibing Ding, Hong-yu Jia","doi":"10.1111/rode.12210","DOIUrl":"https://doi.org/10.1111/rode.12210","url":null,"abstract":"This paper investigates the impact of manufacturing outsourcing to China from its two biggest trading partners - the USA and Japan, for the period of 1990–2008. Both a fundamental model and an augmented model are established, using export data of intermediate goods and two subcategories, processed goods and parts and components (P&C). We find that output growth is positively correlated with outsourcing, and outsourcing from the USA and Japan exerts lower effects than the average level. Our results show that Chinese outsourcees not only access higher productivity than their domestic non‐outsourcee counterparts, but also generate spillover effects to the non‐outsourcees. Moreover, outsourcees of Japanese multinational corporations (MNCs) gain more technological advantage while outsourcees of US origin act as a more effective external stimulus to increase production of non‐outsourcees in China.","PeriodicalId":448105,"journal":{"name":"ERN: Productivity (Topic)","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132668832","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
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