منابع مشابه
Materials Prices and Productivity
There is substantial within-industry variation in the prices that plants pay for their material inputs. Using plant-level data from the U.S. Census Bureau, I explore the consequences and sources of this variation in materials prices. For a sample of industries with relatively homogeneous products, the standard deviation of plant-level productivity would be 7% smaller if all plants faced the sam...
متن کاملRelative Prices and Relative Prosperity
The positive correlation between real (PPP) investment rates and levels of PPP income across countries is one of the most robust findings of the empirical growth literature. We show that this relationship is almost entirely driven by differences in the price of investment relative to output, rather than by differences in nominal investment rates. When measured in nominal terms (i.e., at nationa...
متن کاملRemittances and Relative Prices
Using Mexican data, this article analyzes the impact of the workers’ remittances on the cross-section distribution of prices as well as on the evolution of individual relative prices over time for 272 consumer items. The results suggest that there are important differences in the responses of relative prices to remittances according to various categories of these items. While the relative price...
متن کاملDiscounting and relative prices
Environmentalists are often upset at the effect of discounting costs of future environmental damage, e.g., due to climate change. An often-overlooked message is that we should discount costs but also take into account the increase in the relative price of the ecosystem service endangered. The effect of discounting would thus be counteracted, and if the rate of price rise of the item was fast en...
متن کاملInflexible Prices and Procyclical Productivity
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2019
ISSN: 1542-4766,1542-4774
DOI: 10.1093/jeea/jvz022