Firm Dynamics and Productivity: TFPQ,TFPR,and Demand-Side Factors.
Two common findings in the firm dynamics literature are that there is large dispersion across firms in productivity within narrowly defined industries and that firms that are high in the within-industry distribution are more likely to survive and grow. These findings underlie a rich class of models...
| Publicado en: | Economía Vol. 17; no. 1; pp. 3 - 27 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
London School of Economics & Political Science
Fall2016
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=118958608&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 118958608 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 15297470 N8H jtl: Economía issn: 15297470 maglogo: N pubinfo: dt: Fall2016 vid: 17 iid: 1 pid: 66142 pub: London School of Economics & Political Science artinfo: ui: 118958608 ppf: 3 ppct: 24 formats: fmt: @attributes: type: P size: 8MB tig: atl: Firm Dynamics and Productivity: TFPQ,TFPR,and Demand-Side Factors. aug: au: HALTIWANGER, JOHN affil: University of Maryland su: Production (Economic theory) Resource allocation Organizational research Business development Demand function sug: subj: Production (Economic theory) Resource allocation Organizational research Business development Demand function keyword: allocative efficiency growth productivity allocative efficiency growth productivity ab: Two common findings in the firm dynamics literature are that there is large dispersion across firms in productivity within narrowly defined industries and that firms that are high in the within-industry distribution are more likely to survive and grow. These findings underlie a rich class of models relating the level and growth of aggregate (industry-level) productivity to the reallocation of resources away from less productive to more productive firms. While these findings are common, there are a variety of empirical measures of firm-level total factor productivity that have been used in the literature to generate these findings. These include measures that are closer to the concepts of technical efficiency common in many models to measures that encompass demand-side factors as well. In addition, the recent literature has developed methods to extract measures of distortions from specific measures of dispersion in productivity given assumptions about the production and demand functions in the economy. In this paper, I discuss the relationship between the alternative measures that have been proposed and used in the literature and, in turn, the implications of these relationships for our understanding of observed firm dynamics. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|