Automotive Components Industry and Profitability Factors: Evidence from India

2020 ◽  
pp. 097226292095500
Author(s):  
J. Vineesh Prakash ◽  
D. K. Nauriyal
Keyword(s):  
Labour Productivity ◽  
Generalized Method Of Moments ◽  
Capital Intensity ◽  
Export Intensity ◽  
Resource Based View ◽  
Automotive Components ◽  
The Past ◽  
Annual Survey ◽  
Labour Productivity Growth ◽  
Negative Effect

Based upon the dataset drawn from Centre for Monitoring of Indian Economy (CMIE) Prowess database, World Bank and Annual Survey of Industries (ASI) for a period 2000–2015, this article tests the persistence of profitability and checks the validity of Resource-Based View (RBV) in elucidating the variations in profitability on an industry-specific setting that is, Indian automotive components industry under a Generalized Method of Moments (GMM) framework. The article finds that the persistence of profits is positive and moderate, indicating that the industry is reasonably competitive. The results further suggest that the past R&D intensity, export intensity, size, labour productivity growth, and GDP growth have a positive bearing on the current profitability, while current R&D intensity, A&M intensity, capital intensity, firm leverage and output of OEMs were found to have exercised negative effect. Since past R&D intensity is found to be positively influencing the current profitability, this article infers that RBV holds for this industry.

Productivity Growth, Structural Change and Informality: The Case of Russia

2015 ◽  
pp. 30-61 ◽  
Author(s):  
I. Voskoboynikov ◽  
V. Gimpelson
Keyword(s):  
Structural Change ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Alternative Methods ◽  
Industry Effects ◽  
Labour Productivity Growth ◽  
Russian Economy ◽  
Negative Effect ◽  
Total Labour

This study considers the influence of structural change on aggregate labour productivity growth of the Russian economy. The term "structural change" refers to labour reallocation both between industries and between formal and informal segments within an industry. Using Russia KLEMS and official Rosstat data we decompose aggregate labour productivity growth into intra-industry (within) and between industry effects with four alternative methods of the shift-share analysis. All methods provide consistent results and demonstrate that total labour reallocation has been growth enhancing though the informality expansion has had a negative effect. As our study suggests, it is caused by growing variation in productivity levels across industries.

scholarly journals Interregional Structural Factor of Labour Productivity Growth in Russia

2019 ◽  
Vol 13 (4) ◽  
pp. 90-102
Author(s):  
E. V. Balatsky ◽  
N. A. Ekimova
Keyword(s):  
Russian Federation ◽  
Technological Development ◽  
Labour Productivity ◽  
Russian Regions ◽  
The Past ◽  
Labour Productivity Growth ◽  
Territorial Structure ◽  
The Russian Federation ◽  
Second Period ◽  
Total Labour

In the article, we consider changes in the arrangement of the subjects of the Russian Federation in terms of labour productivity for the period 2000–2017. We show that currently in Russia, there is an extremely high differentiation of regions in terms of labour productivity, and over the past two decades, there has been an increase in it. The figures that allow us to conclude about the unique territorial structure of Russia we give in the text, namely: part of the Russian regions belong to the group of core countries in terms of technological development; the other part — to the countries of the semi-periphery; the third — to the countries of the periphery. We showed that in the periods of 2000–2010 and 2010–2017 characterised completely different structural schemes of the country’s development. The share of so-called “between effect” in the growth of the total labour productivity in Russia in the second period increased more than ten times as compared to the first period. It means that in the second decade of the XXI century the country’s regional labour overflows accelerated. It simultaneously contributed to the growth of productivity and even more entrenched concentric model of development, increasing the differentiation of subjects of the Russian Federation.

Exports and job creation in South Korea: industry-level analysis

2019 ◽  
Vol 23 (1) ◽  
pp. 2-18 ◽  
Author(s):  
Unjung Whang
Keyword(s):  
Structural Changes ◽  
Manufacturing Sector ◽  
Generalized Method Of Moments ◽  
Job Creation ◽  
Capital Intensity ◽  
Employment Effect ◽  
Structural Factors ◽  
Content Type ◽  
The Past ◽  
Method Of Moments Estimator

Purpose The Korean manufacturing sector has undergone structural changes in a transition from labor- to capital-intensive industries. These changes seem to be relevant to the weakening of the export effect on employment that began in 1990. In light of the importance of exports in the Korean labor market, the purpose of this paper is to shed light on the primary reasons why export growth does not lead to sufficient job creation as it did in the past. Design/methodology/approach The authors first use the growth accounting approach to show that the weakening of the linkage between exports and employment is closely related to the composition of export products, which has changed toward being more labor-saving. An empirical analysis (i.e. first difference A-B generalized method of moments estimator) on the employment effect of exports confirms that as the capital-intensity of exports increases employment effect decreases. Findings The main findings of the study can be summarized as follows. First, the reduction in the export effect on exports is highly correlated with changes in the composition of export products. Second, an increase in exports leads to an increase in manufacturing jobs, and the export elasticity of employment decreases as capital-intensity increases. Third, the export elasticity of employment tends to be higher when the export proportion of SMEs’ products is larger. Originality/value Despite the many literatures on the link between exports and employment, there is no consensus on this topic. However, it is generally agreed that the employment effect of exports has been considerably weakened, compared to that of the past, at least in Korea. Nevertheless, few studies attempt to address why this trend has occurred. In this paper, we focus on the structural factors that are the major cause of the weakening of the virtuous cycle between exports and employment. This allows us to provide valuable information to policy makers who are concerned with developing export policies that are related to effective job creation.

scholarly journals IS THE UK PRODUCTIVITY SLOWDOWN UNPRECEDENTED?

2020 ◽  
Vol 251 ◽  
pp. R47-R53 ◽  
Author(s):  
Nicholas Crafts ◽  
Terence C. Mills
Keyword(s):  
Financial Crisis ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Filter Method ◽  
Productivity Slowdown ◽  
The Past ◽  
Labour Productivity Growth ◽  
The Uk

We estimate trend UK labour productivity growth using a Hodrick-Prescott filter method. We use the results to compare downturns where the economy fell below its pre-existing trend. We find that the current productivity slowdown has resulted in productivity being 19.7 per cent below the pre-2008 trend path in 2018. This is nearly double the previous worst productivity shortfall ten years after the start of a downturn. On this criterion the slowdown is unprecedented in the past 250 years. We conjecture that this reflects a combination of adverse circumstances, namely, a financial crisis, a weakening impact of ICT and impending Brexit.

Improving management as a way to increase labour productivity

Upravlenie ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 24-30
Author(s):  
A. O. Ivanov
Keyword(s):  
Productivity Growth ◽  
Labour Productivity ◽  
Production Costs ◽  
Managerial Practices ◽  
Industrial Enterprises ◽  
Labour Productivity Growth ◽  
Period 2 ◽  
Main Factors ◽  
The Moment

The article gives an overview, performs analysis and classification of successful managerial practices applied at Russian industrial enterprises in the framework of the national project “Labour productivity and employment support”. The paper emphasizes the main factors of labour productivity growth as follows: investment policy, growth of human capital, and efficient use of managerial capital of enterprise. In order to determine the need of enterprises to increase labour productivity, the author proposes four universal criteria that signal the existing inefficiency even before the loss of competitiveness: 1) the dynamics of labour productivity in the company is not positive during a given period; 2) the company is behind competitors by labour productivity indicator; 3) the company is behind competitors by labour productivity growth rates indicator for a certain period; 4) unit production costs rise. These criteria allow you to take into account the situation both within the enterprise and in comparison with other enterprises. Each criteria can be considered separately or in combination with the others, applied to enterprises of different industries, specialization, and scale. Criteria indicate the direction of development in which the company is experiencing difficulties at the moment, or may experience them in the future.

scholarly journals Determinants of Firm Performance: Evidence from Romanian Listed Companies

2016 ◽  
Vol 9 (1) ◽  
pp. 53-69 ◽  
Author(s):  
Sebastian Lazăr
Keyword(s):  
Firm Performance ◽  
Fixed Effects ◽  
Value Added ◽  
Listed Companies ◽  
Sales Growth ◽  
Fixed Effects Model ◽  
Resource Based View ◽  
Firm Profitability ◽  
Negative Effect ◽  
Positive Effect

AbstractThe paper investigates firm-specific determinants of firm profitability for Romanian listed companies over the 2000-2011 period within the framework of resource based view of the firm. The results show that tangibles, leverage, size and labour intensity have negative effect on firm performance, while sales growth and value added have a positive effect. The results prove robust when introducing two-way fixed effects model and industry year effects model (in order to simultaneously account for specific industry characteristics and time effects).

scholarly journals Pola Perdagangan Global pada Perusahaan-Perusahaan Berteknologi Tinggi

2021 ◽  
Vol 21 (1) ◽  
pp. 77-94
Author(s):  
Dyah Wulan Sari ◽  
Wenny Restikasari
Keyword(s):  
Generalized Method Of Moments ◽  
High Tech ◽  
Global Trade ◽  
Trade Integration ◽  
Method Of Moment ◽  
Export Intensity ◽  
Firm Level ◽  
Level Data ◽  
Vertical Trade ◽  
Generalized Method Of Moment

This study deals with firm level data of Indonesian high-tech manufacturing industries to determine firm’s production, especially among global trade variables, such as export intensity, vertical trade integration, and two-way trade. This study employs a generalized method of moments (GMM) approach to examine the most important factors of a global trade phenomenon. In the full-sample, the result demonstrates that vertical trade integration and two-way trade are significant determinants on firm’s production while export intensity is not. In ordinary trader sub-sample, export intensity is a significant determinant of firm’s production, whereas in vertical trader sub-sample export intensity is not. ........................................... Penelitian ini menggunakan data tingkat perusahaan pada industri manufaktur berteknologi tinggi di Indonesia untuk menentukan kemampuan produksi suatu perusahaan, dari berbagai variabel perdagangan global, seperti intensitas ekspor, perdagangan vertikal yang terintegrasi, dan perdagangan dua arah terhadap. Penelitian ini menggunakan pendekatan generalized method of moment (GMM) untuk menguji faktor terpenting dari fenomena perdagangan global. Pada sampel penuh, hasil penelitian menunjukkan bahwa perdagangan vertikal yang terintegrasi dan perdagangan dua arah merupakan faktor penentu yang signifikan terhadap kemampuan produksi perusahaan sedangkan intensitas ekspor tidak. Pada sub-sampel pedagang biasa, intensitas ekspor merupakan faktor penentu yang signifikan terhadap kemampuan produksi perusahaan, sedangkan pada sub-sampel pedagang vertikal intensitas ekspor bukan merupaka faktor penentu. 

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