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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP7584 |
DP7584 Contractual solutions to hold-up problems with quality uncertainty and unobservable investments | |
Patrick W. Schmitz | |
发表日期 | 2009-12-06 |
出版年 | 2009 |
语种 | 英语 |
摘要 | We expect trade liberalization to give rise to aggregate productivity gains, as the least efficient firms are forced out, and labor is reallocated towards the best performing firms. But the positive intra-industry reallocation effects rely on the stark assumption that exporters? superior performance is due to intrinsic firm efficiency. We investigate the importance of intrinsic firm efficiency relative to input quality as sources of exporters? productivity premium, employing a matched employer-employee data set for Norwegian manufacturing. Augmented measures of total factor productivity which take worker characteristics into account, indicate that up to 67 percent of the exporter premium reflects differences in workforce rather than true efficiency. Simulating the labor dynamics proceeding firm exits, we illustrate that the benign impact on aggregate productivity from firm exits may be reduced because of worker reallocation. |
主题 | International Trade and Regional Economics |
关键词 | Exporters Firm heterogeneity Labor reallocation Productivity measurement Worker heterogeneity |
URL | https://cepr.org/publications/dp7584 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536421 |
推荐引用方式 GB/T 7714 | Patrick W. Schmitz. DP7584 Contractual solutions to hold-up problems with quality uncertainty and unobservable investments. 2009. |
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