The Size and Life-Cycle Growth of Plants: The Role of Productivity, Demand, and Wedges.
What determines the distribution of establishments in terms of size and life-cycle growth? How are those determinants related to aggregate productivity? We provide novel answers by developing a framework that uses price and quantity information on establishments' outputs and inputs to jointly estima...
| Publicado en: | Review of Economic Studies Vol. 91; no. 1; pp. 259 - 301 |
|---|---|
| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Jan2024
|
| 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=174766191&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 174766191 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Jan2024 vid: 91 iid: 1 pid: 622 pub: Oxford University Press / USA artinfo: ui: 174766191 10.1093/restud/rdad029 ppf: 259 ppct: 42 formats: tig: atl: The Size and Life-Cycle Growth of Plants: The Role of Productivity, Demand, and Wedges. aug: au: Eslava, Marcela Haltiwanger, John Urdaneta, Nicolas affil: Universidad de Los Andes University of Maryland at College Park Duke University and Universidad de Los Andes su: Industrial productivity Plant growth Plant productivity Wedges Parameter estimation Business size Life cycle costing sug: subj: Industrial productivity Floriculture Production Plant growth Plant productivity Wedges Parameter estimation Business size Life cycle costing keyword: Allocative efficiency Markups Productivity Quality Size distribution of manufacturing plants Allocative efficiency Markups Productivity Quality Size distribution of manufacturing plants ab: What determines the distribution of establishments in terms of size and life-cycle growth? How are those determinants related to aggregate productivity? We provide novel answers by developing a framework that uses price and quantity information on establishments' outputs and inputs to jointly estimate the demand and production parameters, and subsequently, establishments' quality-adjusted productivity, deriving both micro-level and aggregate implications. We find that the dominant source of variation in establishment size is variation in quality/product appeal but that variation in technical efficiency plays an important supporting role. Multiple factors dampen dispersion in establishment size including dispersion in input (quality-adjusted) prices, markups, and residual wedges. Relatively moderate dampening factors induce large aggregate allocative efficiency losses relative to their absence. We show that joint estimation of the parameters of the demand and production function crucially affects inferences on the determinants of the size distribution of firms and their implications for aggregate productivity. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|