Fixed capital stock depreciation in developing countries: Some evidence from firm level data

In this study we used Japanese firm-level data in order to explore the productive impact of organizational capital by isolating the effect of other intangibles like R&D, brand, human and social capital. Fixed-effect and random-effect panel methodology are proposed to assess specific-organizational capital at firm level. Our results suggest that in monetary terms the value of firm-specific organizational capital stock is significant when compared to traditional assets. Findings suggest that firms building up higher stocks of organizational capital not only increase their productivity but also their value.

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Exporting and environmental performance: where you export matters

10.18235/0003922 ◽

2022 ◽

Author(s):

Juan S. Blyde ◽

Mayra A. Ramírez

Keyword(s):

Developing Countries ◽

High Income ◽

Firm Level ◽

Percentage Point Increase ◽

Level Data ◽

Point Increase ◽

Firm Level Data ◽

Micro Level ◽

The Relationship

Empirical analyses that rely on micro-level panel data have found that exporters are generally less pollutant than non-exporters. While alternative explanations have been proposed, firm level data has not been used to examine the role of destination markets behind the relationship between exports and pollution. In this paper we argue that because consumers in high-income countries have higher valuations for clean environments than consumers in developing countries, exporters targeting high-income countries are more likely to improve their environmental outcomes than exporters targeting destinations where valuations for the environment are not high. Using a panel of firm-level data from Chile we find support to this hypothesis. A 10 percentage point increase in the share of exports to high-income countries is associated with a reduction in CO2 pollution intensity of about 16%. The results have important implications for firms in developing countries aiming to target high-income markets.

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The Origins and Dynamics of Export Superstars

The World Bank Economic Review ◽

10.1093/wber/lhy011 ◽

2018 ◽

Vol 34 (1) ◽

pp. 28-47

Author(s):

Caroline Freund ◽

Martha Denisse Pierola

Keyword(s):

Developing Countries ◽

Large Firm ◽

Export Growth ◽

Export Diversification ◽

Detailed Data ◽

New Firms ◽

Firm Level ◽

Level Data ◽

Firm Level Data ◽

Manufacturing Trade

Abstract Export superstars are important for export growth and diversification and are typically born large. Firm-level data on manufacturing trade from 32 developing countries show that the top five exporters account for on average nearly one-third of exports, 47 percent of export growth, and a third of the growth due to export diversification over a five-year period. Within countries and industries, export growth is positively correlated with the share of exports in the top five firms. Most of the top five exporters were already large five (or eight) years ago or are new firms; it is rare for these export superstars to emerge from the bottom half of the distribution of firm sizes. For countries where detailed data exist, superstars are producers, not traders, and are primarily foreign owned.

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Cross-Country Differences in Productivity: The Role of Allocation and Selection

The American Economic Review ◽

10.1257/aer.103.1.305 ◽

2013 ◽

Vol 103 (1) ◽

pp. 305-334 ◽

Cited By ~ 322

Author(s):

Eric Bartelsman ◽

John Haltiwanger ◽

Stefano Scarpetta

Keyword(s):

Heterogeneous Firms ◽

Fixed Capital ◽

Firm Level ◽

Level Data ◽

Firm Level Data ◽

Country Differences ◽

Cross Country

This paper investigates the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. Exploiting harmonized firm-level data for a number of countries, we show that there is substantial and systematic cross-country variation in the within-industry covariance between size and productivity. We develop a model in which heterogeneous firms face adjustment frictions (overhead labor and quasi-fixed capital) and distortions. The model can be readily calibrated so that variations in the distribution of distortions allow matching the observed cross-country moments. We show that the differences in the distortions that account for the size-productivity covariance imply substantial differences in aggregate performance. (JEL D24, L25, O47)

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