Age and Gender Composition of the Workforce, Productivity and Profits: Evidence from a New Type of Data for German Enterprises This empirical paper documents the relationship between composition of a firm’s workforce (with a special focus on age and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from manufacturing industries in Germ...

This paper utilizes a new flow measure of the true output of bank services to analyze the impact of mergers on the cost and productivity of Bank Holding Companies (BHCs) over the period 1987–1999. It shows that there are conceptual problems in the output measures used in previous studies, which may be the reason for their paradoxical findings: Bank mergers are estimated to lead to significant i...

The recent micro economic literature concerning exports has highlighted the importance of firms characteristics and trade costs for export decisions. Although the presence of trade costs (i.e. sunk and variable costs) are essential to describe the different export choices firms with different level of productivity make, little is known about them. The previous literature has concentrated mainly...

This paper provides parametric estimates of technical change, e¢ ciency change, economies of scale, and total factor productivity growth for large banks (those with assets in excess of $1 billion) in the United States, over the period from 2000 to 2005. This is done by estimating an output distance function subject to theoretical regularity within a Bayesian framework. We …nd that failure to in...

This paper investigates the relationship between firm heterogeneity and a firm’s decision to export, using the annual survey of Thai manufacturing firms from 2001 to 2004. A significant contribution of this paper is that we are, for the first time, able to break down FDI by country of origin to observe whether the behavior of MNEs differs by region of origin. We find that entry sunk costs and f...

BDNF has potent effects on neural synapses and its pathway affects cell survival other biological processes. Kaempferia galanga L. many active substances with antioxidant anti-inflammatory effects. We analyzes in four different group of Wistar rats (Ratus novergicus) into Groups A (no trauma & extract), B (with no C 600 mg/kgbw D 1200 extract). B, C, are further divided those who had their ...

Productivity and Trade Orientation in UK Manufacturing Within a structural model we explicitly allow for the trade orientation of companies to estimate productivity dynamics within 4-digit UK manufacturing industries. We use the FAME data on UK companies over the period 1994-2003. Following Ackerberg et al. (2005) we adjust the algorithm in Olley and Pakes (1996) by augmenting investment and ex...

This study evaluates the potential impact of improved agricultural technologies on smallholders’ crop productivity and welfare. We use household-level data from Ethiopian Rural Household Survey collected by IFPRI in 1989-2009. The survey covers around 1500 rural households drawn from four regions and 15 rural villages. Endogenous treatment effect model is employed to account for the selection b...

We examine the importance of asset pricing anomalies for the real economy. When firms interpret public information in the way it is reflected in market prices, informational inefficiencies manifesting in financial markets as anomalies can cause material real inefficiencies. We estimate the joint dynamic distribution of firm characteristics that have been linked to anomalies and other firm varia...

Technical Change and Total Factor Productivity Growth: The Case of Chinese Provinces In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as other exogenous (e...