Abstract
Is the effect of labour reallocation on aggregate labour productivity growth less than the effect of real productivity? A robust finding in meta-analyses by Bartelsman et al. (2004) and Paǵes et al. (2008) is affirmative. These studies rely on productivity decompositions to produce such patterns of growth. In this paper, the question is answered using Baily et al. (1992)/Foster et al. (2001) on the Eswatini manufacturing micro panel dataset covering a trade liberalization period of 1994-2003. The influence of technical efficiency (-4.88%) is subordinate to the Baily et al. (1992) labour reallocation effect (0.38%) and to the Foster et al. (2001) labour reallocation effect (3.53%). These results are invariant to value-added deflation choices. It is therefore concluded that the sector experienced dominance of the labour reallocation on aggregate labour productivity growth relative to technical efficiency during trade reforms and this policy implications. Policy options for t
Entrepreneurial motivations, aspirations and formalisation decisions amongst informal women entrepreneurs in Nepal gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.
Markups, Productivity, and Export Dynamics
The goal of this paper is to efficiently recover consistent markups from firm-level production technology under cost minimization settings
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Abstract
The primary goal of this paper is to efficiently recover consistent markups from firm-level production technology under cost minimization settings in order to document the relationship between unobserved idiosyncratic productivity shocks and endogenous markups. It further documents the relationship between a firm‟s export status and its markup and productivity patterns to understand the performance premia of producers. The paper uses the proxy approach combined with the generalized method of moments (GMM) to estimate various production technologies in order to expunge input elasticities and estimate markups based on flexible inputs. This investigation finds that the conventional labour input-based markup estimates suffer from high labour adjustment costs and potentially other lab
Abstract
Gansonré and Ouédraogo (2020) examine how management quality is related to competition when firms are run by their founders instead of hired managers. While the relationship between competition and managerial incentives is mostly found to be ambiguous in theory, testing it empirically has been challenged by the lack of robust quantitative data. Using a survey on 649 Small and Medium-sized Enterprises (SMEs) from Burkina Faso, the authors measure management quality, building on the Management and Organizational Practices Survey and find that management quality increases with competition. The results are robust across a range of measures of competition and management sub-indicators.