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Products and Productivity*

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Preprint 01 Jan 2008Publisher:WileyJournal:The Scandinavian Journal of Economics, volume 111, pages 681-709 (issn: 0347-0520, eissn: 1467-9442,

Authors: Stephen J. Redding; Andrew B. Bernard; Andrew B. Bernard; Andrew B. Bernard; Peter K. Schott; Peter K. Schott; Peter K. Schott;

doi: 10.1111/j.1467-9442.2009.01584.x , 10.2139/ssrn.1440912

Products and Productivity*

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Abstract

AbstractWhen firms make decisions about which product to manufacture at a more disaggregated level than observed in the data, measured firm productivity reflects both characteristics of the firm and attributes of the products that are non‐randomly chosen by the firm. This paper develops a model of industry equilibrium in which firms endogenously sort across products and characterizes the resulting bias in measured firm and aggregate productivity. Calibrating the model's parameters, we show that endogenous product selection can have quantitatively important effects on measured firm and aggregate productivity and their response to changes in parameter values.

Related Organizations

University of Massachusetts Dartmouth
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Yale University
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National Bureau of Economic Research
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College of New Jersey
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Keywords

Product choice, Productivity measurement, Firm heterogeneity, Industry deregulation, deregulation; industry evolution; product choice; productivity, Product choice; Productivity; Deregulation; Industry Evolution, Product choice, Productivity, Deregulation, Industry Evolution, jel: jel:L11, jel: jel:D21, jel: jel:L60

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	40
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%