This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Wages and Productivity Growth in a Competitive Industry Author info | Abstract | Publisher info | Download info | Related research | Statistics Helmut Bester ()
Emmanuel Petrakis
Additional information is available for the following
registered author(s):
We describe the evolution of productivity growth in a competitive industry. The exogenous wage rate determines the firms' engagement in labor productivity enhancing process innovation. There is a unique steady state of the industry dynamics, which is globally stable. In the steady state, the number of active firms, their unit labor cost and supply depend on the growth rate but not on the level of the wage rate. In addition to providing comparative statics of the steady state, the paper characterizes the industry's adjustment path.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Departmental Working Papers in its series Papers with number
009.
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Length:
Date of creation: Date of revision:
Handle: RePEc:bef:lsbest:009Contact details of provider:
For technical questions regarding this item, or to correct its listing, contact: (XXX).
Keywords: process innovation industry dynamics wages Other versions of this item:
Find related papers by JEL classification: D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition D92 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Firm Choice and Growth, Investment, or Financing J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Lucas, Robert E, Jr & Prescott, Edward C, 1971.
"Investment Under Uncertainty ,"
Econometrica ,
Econometric Society, vol. 39(5), pages 659-81, September.
[Downloadable!] (restricted)
Doms, Mark & Dunne, Timothy & Troske, Kenneth R, 1997.
"Workers, Wages, and Technology ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 112(1), pages 253-90, February.
Dasgupta, Partha & Stiglitz, Joseph, 1980.
"Industrial Structure and the Nature of Innovative Activity ,"
Economic Journal ,
Royal Economic Society, vol. 90(358), pages 266-93, June.
[Downloadable!] (restricted)
Other versions: Chennells, Lucy & Van Reenen, John, 1997.
"Technical Change and Earnings in British Establishments ,"
Economica ,
London School of Economics and Political Science, vol. 64(256), pages 587-604, November.
[Downloadable!] (restricted)
Hellwig, Martin & Irmen, Andreas, 1999.
"Endogenous Technical Change in a Competitive Economy ,"
Sonderforschungsbereich 504 Publications
99-53, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
[Downloadable!]
Other versions: Ericson, Richard & Pakes, Ariel, 1995.
"Markov-Perfect Industry Dynamics: A Framework for Empirical Work ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 62(1), pages 53-82, January.
[Downloadable!] (restricted)
Jovanovic, Boyan & MacDonald, Glenn M, 1994.
"The Life Cycle of a Competitive Industry ,"
Journal of Political Economy ,
University of Chicago Press, vol. 102(2), pages 322-47, April.
[Downloadable!] (restricted)
Other versions:
Jovanovic, B. & MacDonald, G., 1993.
"The Life Cycle of a Competitive Industry ,"
Working Papers
93-34, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Boyan Jovanovic & Glenn MacDonald, 1994.
"The Life-Cycle of a Competitive Industry ,"
NBER Working Papers
4441, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Petrakis, Emmanuel & Roy, Santanu, 1999.
"Cost-Reducing Investment, Competition, and Industry Dynamics ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(2), pages 381-401, May.
Other versions: Gort, Michael & Klepper, Steven, 1982.
"Time Paths in the Diffusion of Product Innovations ,"
Economic Journal ,
Royal Economic Society, vol. 92(367), pages 630-53, September.
[Downloadable!] (restricted)
Van Reenen, John, 1996.
"The Creation and Capture of Rents: Wages and Innovation in a Panel of U.K. Companies ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 111(1), pages 195-226, February.
[Downloadable!] (restricted)
Other versions: Flaig, Gebhard & Stadler, Manfred, 1994.
"Success Breeds Success. The Dynamics of the Innovation Process ,"
Empirical Economics ,
Springer, vol. 19(1), pages 55-68.
Gene M. Grossman & Elhanan Helpman, 1991.
"Quality Ladders in the Theory of Growth ,"
NBER Working Papers
3099, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Grossman, G.M. & Helpman, E., 1989.
"Quality Ledders In The Theory Of Growth ,"
Papers
148, Princeton, Woodrow Wilson School - Public and International Affairs.
Grossman, Gene M & Helpman, Elhanan, 1991.
"Quality Ladders in the Theory of Growth ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 58(1), pages 43-61, January.
[Downloadable!] (restricted) Aghion, Philippe & Howitt, Peter, 1992.
"A Model of Growth through Creative Destruction ,"
Econometrica ,
Econometric Society, vol. 60(2), pages 323-51, March.
[Downloadable!] (restricted)
Other versions:
Aghion, P. & Howitt, P., 1990.
"A Model Of Growth Through Creative Destruction ,"
DELTA Working Papers
90-12, DELTA (Ecole normale supérieure).
Aghion, P. & Howitt, P., 1989.
"A Model Of Growth Through Creative Destruction ,"
UWO Department of Economics Working Papers
8904, University of Western Ontario, Department of Economics.
Philippe Aghion & Peter Howitt, 1990.
"A Model of Growth Through Creative Destruction ,"
NBER Working Papers
3223, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Aghion, P. & Howitt, P., 1989.
"A Model Of Growth Through Creative Destruction ,"
Working papers
527, Massachusetts Institute of Technology (MIT), Department of Economics.
C Bean & C Pissarides, 1992.
"Unemployment, Consumption and Growth ,"
CEP Discussion Papers
0100, Centre for Economic Performance, LSE.
Other versions:
Full
references
Access and
download statistics Did you know? About 2000 working paper series are listed on RePEc .
This page was last updated on 2008-10-3.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .