Firm growth and productivity growth: evidence from a panel VAR

Firm growth and productivity growth: evidence from a panel VAR

This paper offers new insights into the processes of firm growth by applying a reduced-form vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms. We observe the co-evolution of key variables such as growth of employment, sales, and gross operating surplus, as well as growth of multifactor productivity. It seems that employment growth is negatively associate...

Trade Liberalization and Productivity Growth: Firm-level Evidence from Cameroon

Does trade liberalization foster total factor productivity (TFP) growth in the manufacturing sector? Does sectoral trade orientation determine sectoral TFP levels and growth rates? These questions are addressed using pooled pre-and post-liberalization panel data from Cameroonian firms of eight manufacturing industries. A single production function for the whole manufacturing sector is estimated...

Openness, Growth, And Development: Evidence From A Panel Of East Asian Countries

Credit Supply and Firm Productivity Growth

We study the impact of bank credit supply on the output and productivity of borrower firms. Exploiting a matched firm-bank database covering all credit relationships of Italian corporations over more than a decade, we measure idiosyncratic supply-side shocks to firm credit availability. Then, we estimate a production model augmented with heterogeneous financial frictions, to show that an expans...

Firm size and productivity differential: theory and evidence from a panel of US firms

The US industrial sector displays heterogeneity among firms on the basis of their size: smaller firms exhibit a higher profit rate, lower survival probability and difficulty in accessing the capital market. A simple theoretical model that generates these features based on private information regarding managerial actions at firm-level production is developed and tested. Using a large panel of pu...