The Economics of Firm Productivity: Concepts, Tools and Evidence

ISBN-13: 9781108489232 / Angielski / Twarda / 2022 / 244 str.

Carlo Altomonte; Filippo Di Mauro

Opis

Provides empirical evidence on how firm-level data can help governments strike the right policy balance and ultimately achieving higher aggregate productivity.

Recenzje

'Total factor productivity (TFP) is a force for economic growth. Yet, how that happens has long been a matter of controversy, due to disagreement on both concept and measurement. Traditionally estimated as a residual, TFP has been described as a measure of our ignorance. Altomonte and di Mauro convincingly argue that leveraging big datasets on firms boosts understanding of TFP as a driver of economic growth by reducing the scope for conceptual and measurement errors.' Gianmarco Ottaviano, Bocconi University

Spis treści

1. Introduction; 2. Basic concepts; 3. Productivity estimation; 4. Measuring market efficiency; 5. Sources of data; 6. Productivity and the financial environment; 7. Productivity and the labour market; 8. Productivity in a borderless world; 9. Productivity and competitive pressure; 10. Conclusion and final remarks.