File Name: reallocation firm turnover and efficiency selection on productivity or profitability .zip
- Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?
- Reallocation, firm turnover, and efficiency : selection on productivity of profitability
- Exports and Productivity Growth: First Evidence from a Continuous Treatment Approach
There is considerable evidence that producer-level churning contributes substantially to aggregate industry productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved; thus within-industry price differences are embodied in productivity measures. If prices reflect idiosyncratic demand or market power shifts, high "productivity" businesses may not be particularly efficient, and the literature's findings might be better interpreted as evidence of entering businesses displacing less profitable, but not necessarily less productive, exiting businesses.
E-mail this Article Article. Moving up the Quality Ladder? EU-China Dynamics in Clothing. Journal of Economic Integration June;28 2
Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?
Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: Foster and John C. Haltiwanger and C. Foster , John C.
Reallocation, firm turnover, and efficiency : selection on productivity of profitability
Article Information Abstract We investigate the nature of selection and productivity growth in industries where we observe producer-level quantities and prices separately. We show there are important differences between revenue and physical productivity. Because physical productivity is inversely correlated with price while revenue productivity is positively correlated with price, previous work linking revenue- based productivity to survival confounded the separate and opposing effects of technical efficiency and demand on survival, understating the true impacts of both. Further, we find that young producers charge lower prices than incumbents. Thus the literature understates new producers' productivity advantages and entry's contribution to aggregate productivity growth.
Ron Jarmin Deputy Director, U. Ryan A. Katharine G. Michael Waldman Charles H. Distinguished University Professor, University of Maryland. Macroeconomics Labor Economics Firm Dynamics. The Quarterly Journal of Economics 3 , ,
University of Chicago Booth School of Business. Journal of Economic literature 49 2 , , Journal of Political Economy 6 , , Quarterly Journal of Economics 4 , , Review of Economics and Statistics 86 2 , ,
Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability? ∗. Lucia Foster. Bureau of the Census. [email protected]
Exports and Productivity Growth: First Evidence from a Continuous Treatment Approach
A recent survey of 54 micro-econometric studies reveals that exporting firms are more productive than non-exporters. However, previous empirical studies show that exporting does not necessarily improve productivity. This is a preview of subscription content, access via your institution.
Census Bureau. Discussion Papers. Marc J. Melitz, Mark J.
Reallocation, firm turnover, and efficiency : selection on productivity or profitability? Foster, Lucia, Revisiting productivity differences and firm turnover : evidence from product-based TFP measures in the Japanese manufacturing industries. Kawakami, Atsushi,