Import Competition And Firm Productivity
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Import Competition And Firm Productivity
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Author : Richard Bräuer
language : en
Publisher:
Release Date : 2019
Import Competition And Firm Productivity written by Richard Bräuer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
This study analyses empirically the effects of import competition on firm productivity (TFPQ) using administrative firm-level panel data from German manufacturing. We find that only import competition from high-income countries is associated with positive incentives for firms to invest in productivity improvement, whereas import competition from middle- and low-income countries is not. To rationalise these findings, we further look at the characteristics of imports from the two types of countries and the effects on R&D, employment and sales. We provide evidence that imports from high-income countries are relatively capital-intensive and technologically more sophisticated goods, at which German firms tend to be relatively good. Costly investment in productivity appears feasible reaction to such type of competition and we find no evidence for downscaling. Imports from middle- and low-wage countries are relatively labour-intensive and technologically less sophisticated goods, at which German firms tend to generally be at disadvantage. In this case, there are no incentives to invest in innovation and productivity and firms tend to decline in sales and employment.
Import Competition Heterogeneous Preferences Of Managers And Productivity
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Author : Cheng Chen
language : en
Publisher:
Release Date : 2019
Import Competition Heterogeneous Preferences Of Managers And Productivity written by Cheng Chen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Competition, International categories.
Empirical evidence on the relationship between import competition and firm productivity is mixed. We explore a new dimension of firm heterogeneity by focusing on different types of managers. Using Spanish firm-level data, we show that import competition leads to productivity increases for family-managed firms that are initially unproductive. Productivity changes are driven by family management as opposed to family ownership or non-managing family members. This evidence is consistent with a model in which family managers care more about the survival of their firm than professional managers, which triggers additional effort when the firm is faced with an increased bankruptcy risk. We show evidence consistent with this mechanism.
The Effect Of Import Competition On Firm Productivity And Innovation
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Author : Sai Ding
language : en
Publisher:
Release Date : 2016
The Effect Of Import Competition On Firm Productivity And Innovation written by Sai Ding and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
How does foreign competition affect growth and innovation in China? Using our unique measures of proximity of Chinese firms and industries to the world technology frontier, we find that despite vast sectoral heterogeneity, Chinese manufacturing industries have undergone rapid technological upgrading over the period of 2000-06. The distance to the world production frontier of firms and industries plays an important role in shaping the nexus between the competition pressure from foreign imports and domestic firms' growth and innovation behaviour. Our results support the theoretical predictions of Aghion et al. (2005, The Quarterly Journal of Economics, pp. 701-728) that import competition stimulates the domestic firms' productivity growth and R&D expenditure if firms and their industries are close to the world frontier, but discourages such incentives for laggard firms and industries. The two forces highlighted by the model operate for imports under the ordinary-trade regime, for collective and private firms, and for imports originated from high-income countries. Our findings are robust after controlling the influence of foreign investment, the reverse causality of regressors and the short-term business cycle fluctuations.
Import Competition Domestic Regulation And Firm Level Productivity Growth In The Oecd
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Author : Sarra Ben Yahmed
language : en
Publisher:
Release Date : 2012
Import Competition Domestic Regulation And Firm Level Productivity Growth In The Oecd written by Sarra Ben Yahmed and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Competition And Firm Productivity
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Author : Sandra Ospina
language : en
Publisher: International Monetary Fund
Release Date : 2010-03-01
Competition And Firm Productivity written by Sandra Ospina and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-01 with Business & Economics categories.
This paper presents empirical evidence on the impact of competition on firm productivity. Using firm-level observations from the World Bank Enterprise Survey database, we find a positive and robust causal relationship between our proxies for competition and our measures of productivity. We also find that countries that implemented product-market reforms had a more pronounced increase in competition, and correspondingly, in productivity: the contribution to productivity growth due to competition spurred by product-market reforms is around 12-15 percent.
Does Import Competition Induce R D Reallocation Evidence From The U S
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Author : Rui Xu
language : en
Publisher: International Monetary Fund
Release Date : 2017-11-16
Does Import Competition Induce R D Reallocation Evidence From The U S written by Rui Xu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-16 with Business & Economics categories.
We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we find that import competition induces R&D expenditures to be reallocated towards more productive and more profitable firms within each industry. Such reallocation effect has the potential to offset the average drop in firm-level R&D identified in the previous literature. Indeed, our quantitative analysis shows no adverse impact of import competition on aggregate R&D expenditures. Taking the analysis beyond manufacturing, we find that import competition has led to reallocation of researchers towards booming service industries, including business and repairs, personal services, and financial services.
Import Competition And Industry Location In A Small Country Model Of Productivity Growth
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Author : Colin R. Davis
language : en
Publisher:
Release Date : 2019
Import Competition And Industry Location In A Small Country Model Of Productivity Growth written by Colin R. Davis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We study the effects of import competition on industry locations patterns in a small open economy with two regions. Domestic productivity growth converges to the international rate through firm-level investment in process innovation. With firms locating production and innovation in their lowest cost locations, the concentration of industry in the larger region is linked with firm-level innovation through an import competition effect that is increasing in the market share of imported goods and the productivity differential of domestic firms with the rest of the world. We show that increased import competition, through either a larger number of imported goods or a faster international rate of productivity growth, leads to greater industry concentration by reducing domestic market entry and decreasing the relative productivity of domestic firms. We also consider the implications of improved regional and international economic integration.
The Oxford Handbook Of Productivity Analysis
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Author : Emili Grifell-Tatjé
language : en
Publisher: Oxford University Press
Release Date : 2018-08-07
The Oxford Handbook Of Productivity Analysis written by Emili Grifell-Tatjé and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-07 with Business & Economics categories.
Productivity underpins business success and national well-being and thus it is crucial to understand the factors that influence productivity growth. This volume provides a comprehensive exploration into the significance of productivity growth for business, the economy, and for social economic progress. It examines how productivity is defined, measured and implemented. It also surveys the dispersion of productivity across time and place, focusing on the productivity dynamics that either leads to a reallocation of resources that reduces dispersion and increases aggregate productivity or, conversely, allows dispersion to persist behind barriers to productivity-enhancing reallocation. A third focus is an investigation of the drivers of, or impediments to, productivity growth, some of which are organizational in nature and under management control and others of which are institutional in nature and subject to public policy intervention. The Oxford Handbook of Productivity Analysis contains contributions of distinguished productivity experts from around the world who analyze a wide range of timely issues. These issues concern purely analytical topics surrounding the measurement of productivity in various situations, beginning with the ideal situation in which all inputs and all outputs, and their prices, are observed accurately. They also include service sectors such as education in which the services provided are hard to define, much less measure, and other sectors that generate undesirable environmental externalities that are difficult to price and complicate the very definition of productivity. The issues also involve business management topics ranging from the role of business models and benchmarking to the quality of management practices, the adoption of new technologies, and possible complementarities between the two. The relationship between productivity and business performance is also explored. At a more aggregate level the issues range from the impacts of market power, incentive regulation, international trade and global value chains on productivity, to the contribution of productivity to economic development and economic welfare.
Import Competition Market Power And Productivity Change
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Author :
language : en
Publisher:
Release Date : 1997
Import Competition Market Power And Productivity Change written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
We explore how the competitive pressure of imports affects productivity, at the firm level. There are two conflicting effects of import-competition: the pro-competitive effect fosters productivity, while the direct effect hinders it. The pro-competitive effect dominates in the steady-state, yielding free-trade as the optimal long run policy. However, under a large initial productivity gap, the firm shuts down. Here, a temporary tariff sways the firm to fight, and ensures survival, which is welfare increasing. Trade liberalization, around the steady-state, increases productivity growth and closes the gap. However, a radical liberalization kills the domestic firm. Gradualism increases the likelihood of survival, and increases welfare.
Does Rising Import Competition Harm Local Firm Productivity In Less Advanced Economies
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Author :
language : en
Publisher:
Release Date : 2014
Does Rising Import Competition Harm Local Firm Productivity In Less Advanced Economies written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.