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Distribution and growth in an economy with limited needs

Saint-Paul, Gilles - 2001

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

Persistent link: https://www.econbiz.de/10011398011

Experience, innovation and productivity : empirical evidence from Italy's slowdown

Daveri, Francesco; Parisi, Maria Laura - 2010

We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a … innovation and productivity. The effect of managerial experience measured by age on firm performance depends instead on the type … of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …

Persistent link: https://www.econbiz.de/10003985881

Ten facts on declining business dynamism and lessons from endogenous growth theory

Akcigit, Ufuk; Ates, Sina T. - 2019

explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …

Persistent link: https://www.econbiz.de/10012104042

Demographic structure and macroeconomic trends

Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2016

workers contribute positively. We propose a theoretical model, highlighting the relationship between demographics, innovation …

Persistent link: https://www.econbiz.de/10011457979

What happened to U.S. business dynamism?

Akcigit, Ufuk; Ates, Sina T. - 2019

. Importantly, the theoretical model captures the strategic behavior between competing firms, its effect on their innovation …

Persistent link: https://www.econbiz.de/10012104132

Innovation and trade with heterogeneous firms

Long, Ngo Van; Raff, Horst; Stähler, Frank - 2009

This paper examines how trade liberalization affects the innovation incentives of firms, and what this implies for …

Persistent link: https://www.econbiz.de/10003887426

The cross-section of firms over the business cycle : new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - 2009

Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...

Persistent link: https://www.econbiz.de/10003888063

Firm-specific productivity risk over the business cycle : facts and aggregate implications

Bachmann, Ruediger; Bayer, Christian - 2009

Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...

Persistent link: https://www.econbiz.de/10003898815

Heavyweights - the impact of large businesses on productivity growth

Falck, Oliver (contributor) - 2007

Persistent link: https://www.econbiz.de/10003623797

Investment in productivity and the long-run effect of financial crises in output

Ridder, Maarten de - 2016

This paper analyzes the channels through which financial crises exert long-term negative effects on output. Recent models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap between pre-crisis trend and actual GDP. This...

Persistent link: https://www.econbiz.de/10011573282