Firm revenue elasticity and business cycle sensitivity
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jedc.2023.104722
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Traina, James, 2018. "Is Aggregate Market Power Increasing? Production Trends Using Financial Statements," Working Papers 272, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- J. Peter Neary, 2016.
"International Trade in General Oligopolistic Equilibrium,"
Review of International Economics, Wiley Blackwell, vol. 24(4), pages 669-698, September.
- J. Peter Neary, 2015. "International Trade in General Oligopolistic Equilibrium," CESifo Working Paper Series 5671, CESifo.
- Peter Neary, 2015. "International Trade in General Oligopolistic Equilibrium," Economics Series Working Papers 769, University of Oxford, Department of Economics.
- Devereux, Michael B. & Head, Allen C. & Lapham, Beverly J., 1996. "Aggregate fluctuations with increasing returns to specialization and scale," Journal of Economic Dynamics and Control, Elsevier, vol. 20(4), pages 627-656, April.
- Atkenson, Andrew & Khan, Aubhik & Ohanian, Lee, 1996. "Are data on industry evolution and gross job turnover relevant for macroeconomics?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 44(1), pages 215-239, June.
- Luca Gambetti & Jordi Galí, 2009.
"On the Sources of the Great Moderation,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 26-57, January.
- Jordi Gali & Luca Gambetti, 2007. "On the sources of the Great Moderation," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
- Jordi Galí & Luca Gambetti, 2006. "On the sources of the Great Moderation," Economics Working Papers 1041, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2007.
- Jordi Gali & Luca Gambetti, 2008. "On the Sources of the Great Moderation," NBER Working Papers 14171, National Bureau of Economic Research, Inc.
- GalÃ, Jordi & Gambetti, Luca, 2008. "On the Sources of the Great Moderation," CEPR Discussion Papers 6632, C.E.P.R. Discussion Papers.
- Bond, Steve & Hashemi, Arshia & Kaplan, Greg & Zoch, Piotr, 2021.
"Some unpleasant markup arithmetic: Production function elasticities and their estimation from production data,"
Journal of Monetary Economics, Elsevier, vol. 121(C), pages 1-14.
- Steve Bond & Arshia Hashemi & Greg Kaplan & Piotr Zoch, 2020. "Some Unpleasant Markup Arithmetic: Production Function Elasticities and their Estimation from Production Data," NBER Working Papers 27002, National Bureau of Economic Research, Inc.
- Steve Bond & Arshia Hashemi & Greg Kaplan & Piotr Zoch, 2020. "Some Unpleasant Markup Arithmetic: Production Function Elasticities and their Estimation from Production Data," Economics Series Working Papers 906, University of Oxford, Department of Economics.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1995.
"Capital Utilization and Returns to Scale,"
NBER Chapters, in: NBER Macroeconomics Annual 1995, Volume 10, pages 67-124,
National Bureau of Economic Research, Inc.
- Burnside, Craig & Eichenbaum, Martin & Rebelo, Sérgio, 1995. "Capital Utilization and Returns to Scale," CEPR Discussion Papers 1221, C.E.P.R. Discussion Papers.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1995. "Capital Utilization and Returns to Scale," NBER Working Papers 5125, National Bureau of Economic Research, Inc.
- Craig Burnside & Martin S. Eichenbaum & Sergio Rebelo, 1995. "Capital utilization and returns to scale," Working Paper Series, Macroeconomic Issues 95-5, Federal Reserve Bank of Chicago.
- Burnside, C & Eichenbaum, M & Rebelo, S, 1995. "Capital Utilization and Returns to Scale," RCER Working Papers 402, University of Rochester - Center for Economic Research (RCER).
- Hugo A. Hopenhayn, 2014. "Firms, Misallocation, and Aggregate Productivity: A Review," Annual Review of Economics, Annual Reviews, vol. 6(1), pages 735-770, August.
- Chang-Tai Hsieh & Peter J. Klenow, 2014.
"The Life Cycle of Plants in India and Mexico,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1035-1084.
- Chang-Tai Hsieh & Peter J. Klenow, 2012. "The Life Cycle of Plants in India and Mexico," NBER Working Papers 18133, National Bureau of Economic Research, Inc.
- Hsieh, Chang-Tai & Klenow, Peter J., 2012. "The Life Cycle of Plants in India and Mexico," Working Papers 12-20, Center for Economic Studies, U.S. Census Bureau.
- Jaimovich, Nir & Floetotto, Max, 2008.
"Firm dynamics, markup variations, and the business cycle,"
Journal of Monetary Economics, Elsevier, vol. 55(7), pages 1238-1252, October.
- Nir Jaimovich, 2004. "Firm Dynamics, Markup Variations, and the Business Cycle," Discussion Papers 07-013, Stanford Institute for Economic Policy Research, revised Mar 2007.
- Gustavo Grullon & Yelena Larkin & Roni Michaely, 2019.
"Are US Industries Becoming More Concentrated?,"
Review of Finance, European Finance Association, vol. 23(4), pages 697-743.
- Gustavo Grullon & Yelena Larkin & Roni Michaely, 2019. "Are U.S. Industries Becoming More Concentrated?," Swiss Finance Institute Research Paper Series 19-41, Swiss Finance Institute.
- Diego Restuccia & Richard Rogerson, 2008.
"Policy Distortions and Aggregate Productivity with Heterogeneous Plants,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 707-720, October.
- Richard Rogerson & Diego Restuccia, 2004. "Policy Distortions and Aggregate Productivity with Heterogeneous Plants," 2004 Meeting Papers 69, Society for Economic Dynamics.
- Diego Restuccia & Richard Rogerson, 2007. "Policy Distortions and Aggregate Productivity with Heterogeneous Plants," Working Papers tecipa-283, University of Toronto, Department of Economics.
- Diego Restuccia & Richard Rogerson, 2007. "Policy Distortions and Aggregate Productivity with Heterogeneous Plants," NBER Working Papers 13018, National Bureau of Economic Research, Inc.
- Hashemi, Arshia & Kirov, Ivan & Traina, James, 2022. "The production approach to markup estimation often measures input distortions," Economics Letters, Elsevier, vol. 217(C).
- Kim, Daisoon, 2021. "Economies of scale and international business cycles," Journal of International Economics, Elsevier, vol. 131(C).
- Andrew Atkeson & Patrick J. Kehoe, 2005.
"Modeling and Measuring Organization Capital,"
Journal of Political Economy, University of Chicago Press, vol. 113(5), pages 1026-1053, October.
- Andrew Atkeson & Patrick J. Kehoe, 2005. "Modeling and measuring organization capital," Staff Report 291, Federal Reserve Bank of Minneapolis.
- Susanto Basu & John Fernald, 2001.
"Why Is Productivity Procyclical? Why Do We Care?,"
NBER Chapters, in: New Developments in Productivity Analysis, pages 225-302,
National Bureau of Economic Research, Inc.
- Susanto Basu & John G. Fernald, 1999. "Why is productivity procyclical? Why do we care?," International Finance Discussion Papers 638, Board of Governors of the Federal Reserve System (U.S.).
- Susanto Basu & John Fernald, 2000. "Why Is Productivity Procyclical? Why Do We Care?," NBER Working Papers 7940, National Bureau of Economic Research, Inc.
- Susanto Basu & John G. Fernald, 2000. "Why is productivity procyclical? Why do we care?," Working Paper Series WP-00-11, Federal Reserve Bank of Chicago.
- Simcha Barkai, 2020. "Declining Labor and Capital Shares," Journal of Finance, American Finance Association, vol. 75(5), pages 2421-2463, October.
- Robert E. Hall, 1986. "Market Structure and Macroeconomic Fluctuations," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 17(2), pages 285-338.
- Rotemberg, Julio J. & Woodford, Michael, 1999.
"The cyclical behavior of prices and costs,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 16, pages 1051-1135,
Elsevier.
- Julio J. Rotemberg & Michael Woodford, 1999. "The Cyclical Behavior of Prices and Costs," NBER Working Papers 6909, National Bureau of Economic Research, Inc.
- Hornstein, Andreas, 1993. "Monopolistic competition, increasing returns to scale, and the importance of productivity shocks," Journal of Monetary Economics, Elsevier, vol. 31(3), pages 299-316, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Savagar, Anthony & Dixon, Huw, 2020.
"Firm entry, excess capacity and endogenous productivity,"
European Economic Review, Elsevier, vol. 121(C).
- Huw Dixon & ANTHONY SAVAGAR, 2017. "The Effect of Firm Entry on Capacity Utilization and Macroeconomic Productivity," 2017 Meeting Papers 1130, Society for Economic Dynamics.
- Savagar, Anthony & Dixon, Huw David, 2017. "Firm Entry, Excess Capacity and Aggregate Productivity," Cardiff Economics Working Papers E2017/8, Cardiff University, Cardiff Business School, Economics Section.
- Savagar, Anthony, 2021.
"Measured productivity with endogenous markups and economic profits,"
Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
- Anthony Savagar, 2017. "Firm Dynamics, Dynamic Reallocation, Variable Markups, and Productivity Behaviour," Studies in Economics 1713, School of Economics, University of Kent.
- Anthony Savagar, 2019. "Measured Productivity with Endogenous Markups and Economic Profits," 2019 Meeting Papers 819, Society for Economic Dynamics.
- Anthony Savagar, 2018. "Measured Productivity with Endogenous Markups and Economic Profits," Studies in Economics 1812, School of Economics, University of Kent.
- Anthony Savagar, 2021. "Measured Productivity with Endogenous Markups and Economic Profits," Discussion Papers 2110, Centre for Macroeconomics (CFM).
- Jaimovich, Nir & Floetotto, Max, 2008.
"Firm dynamics, markup variations, and the business cycle,"
Journal of Monetary Economics, Elsevier, vol. 55(7), pages 1238-1252, October.
- Nir Jaimovich, 2004. "Firm Dynamics, Markup Variations, and the Business Cycle," Discussion Papers 07-013, Stanford Institute for Economic Policy Research, revised Mar 2007.
- Jaimovich, Nir, 2007.
"Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations,"
Journal of Economic Theory, Elsevier, vol. 137(1), pages 300-325, November.
- Nir Jaimovich, 2007. "Firm Dynamics and Markup Variations: Implications for Sunspot Equilibria and Endogenous Economic Fluctuation," Discussion Papers 07-011, Stanford Institute for Economic Policy Research.
- Joel M. David & Venky Venkateswaran, 2019.
"The Sources of Capital Misallocation,"
American Economic Review, American Economic Association, vol. 109(7), pages 2531-2567, July.
- Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," Working Papers 17-06, New York University, Leonard N. Stern School of Business, Department of Economics.
- Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," NBER Working Papers 23129, National Bureau of Economic Research, Inc.
- Barseghyan, Levon & DiCecio, Riccardo, 2016.
"Externalities, endogenous productivity, and poverty traps,"
European Economic Review, Elsevier, vol. 85(C), pages 112-126.
- Levon Barseghyan & Riccardo DiCecio, 2008. "Externalities, Endogenous Productivity, and Poverty Traps," Working Papers 2008-023, Federal Reserve Bank of St. Louis.
- Sungki Hong, 2019. "Customer Capital, Markup Cyclicality, and Amplification," 2019 Meeting Papers 959, Society for Economic Dynamics.
- Hansen, G.D. & Ohanian, L.E., 2016.
"Neoclassical Models in Macroeconomics,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130,
Elsevier.
- Gary D. Hansen & Lee E. Ohanian, 2016. "Neoclassical Models in Macroeconomics," NBER Working Papers 22122, National Bureau of Economic Research, Inc.
- Sampreet Singh Goraya, 2019. "How does Caste Affect Entrepreneurship? Birth vs Worth," Working Papers 1104, Barcelona School of Economics.
- Ian Goldin & Pantelis Koutroumpis & François Lafond & Julian Winkler, 2024.
"Why Is Productivity Slowing Down?,"
Journal of Economic Literature, American Economic Association, vol. 62(1), pages 196-268, March.
- Goldin, Ian & Koutroumpis, Pantelis & Lafond, François & Winkler, Julian, 2020. "Why is productivity slowing down?," MPRA Paper 99172, University Library of Munich, Germany.
- Lafond, François & Goldin, Ian & Koutroumpis, Pantelis & Winkler, Julian, 2022. "Why is productivity slowing down?," INET Oxford Working Papers 2022-08, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
- Lafond, François & Goldin, Ian & Koutroumpis, Pantelis & Winkler, Julian, 2021. "Why is productivity slowing down?," INET Oxford Working Papers 2021-12, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
- Chara Vavoura, 2024. "The Rise of the Superstars: Uncovering the Composition Effect of International Trade That Cements the Dominant Position of Big Businesses," Mathematics, MDPI, vol. 12(10), pages 1-21, May.
- Sungki Hong, 2017. "Customer Capital, Markup Cyclicality, and Amplification," Working Papers 2017-33, Federal Reserve Bank of St. Louis.
- Avouyi-Dovi, S. & Matheron, J. & Fève, P., 2007.
"Les modèles DSGE – leur intérêt pour les banques centrales,"
Bulletin de la Banque de France, Banque de France, issue 161, pages 41-54.
- Avouyi-Dovi, S. & Matheron, J. & Fève, P., 2007. "DSGE models and their importance to central banks," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 09, pages 25-46, Autumn.
- Díez, Federico J. & Fan, Jiayue & Villegas-Sánchez, Carolina, 2021. "Global declining competition?," Journal of International Economics, Elsevier, vol. 132(C).
- Alexandre Janiak & Paulo Santos Monteiro, 2011.
"Inflation and Welfare in Long‐Run Equilibrium with Firm Dynamics,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 795-834, August.
- Alexandre Janiak & Paulo Santos Monteiro, 2011. "Inflation and Welfare in Long-Run Equilibrium with Firm Dynamics," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 795-834, August.
- Janiak, Alexandre & Santos Monteiro, Paulo, 2009. "Inflation and welfare in long-run equilibrium with firm dynamics," Economic Research Papers 271290, University of Warwick - Department of Economics.
- Alexandre Janiak & Paulo Santos Monteiro, 2009. "Inflation and welfare in long-run equilibrium with firm dynamics," Documentos de Trabajo 261, Centro de Economía Aplicada, Universidad de Chile.
- Janiak, Alexandre & Monteiro, Paulo Santos, 2009. "Inflation and welfare in long-run equilibrium with firm dynamics," The Warwick Economics Research Paper Series (TWERPS) 910, University of Warwick, Department of Economics.
- Janiak, Alexandre & Monteiro, Paulo Santos, 2009. "Inflation and Welfare in Long-Run Equilibrium with Firm Dynamics," IZA Discussion Papers 4559, Institute of Labor Economics (IZA).
- Borota Milicevic, Teodora & Carlsson, Mikael, 2016. "Markups from Inventory Data and Export Intensity," Working Paper Series 2016:9, Uppsala University, Department of Economics.
- Da-Rocha, José-María & Restuccia, Diego & Tavares, Marina Mendes, 2019.
"Firing costs, misallocation, and aggregate productivity,"
Journal of Economic Dynamics and Control, Elsevier, vol. 98(C), pages 60-81.
- Jose-Maria Da-Rocha & Marina Mendes Tavares & Diego Restuccia, 2016. "Firing Costs, Misallocation, and Aggregate Productivity," Working Papers tecipa-561, University of Toronto, Department of Economics.
- Jose-Maria Da-Rocha & Marina Mendes Tavares & Diego Restuccia, 2016. "Firing Costs, Misallocation, and Aggregate Productivity," Working Papers tecipa-572, University of Toronto, Department of Economics.
- José-María Da-Rocha & Marina Mendes Tavares & Diego Restuccia, 2016. "Firing Costs, Misallocation, and Aggregate Productivity," NBER Working Papers 23008, National Bureau of Economic Research, Inc.
- Benhabib, Jess & Liu, Xuewen & Wang, Pengfei, 2016. "Endogenous information acquisition and countercyclical uncertainty," Journal of Economic Theory, Elsevier, vol. 165(C), pages 601-642.
- Offick, Sven & Winkler, Roland C., 2019.
"Endogenous Firm Entry In An Estimated Model Of The U.S. Business Cycle,"
Macroeconomic Dynamics, Cambridge University Press, vol. 23(1), pages 284-321, January.
- Offick, Sven & Winkler, Roland, 2013. "Endogenous Firm Entry in an Estimated Model of the U.S. Business Cycle," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79845, Verein für Socialpolitik / German Economic Association.
- Offick, Sven & Winkler, Roland C., 2015. "Endogenous firm entry in an estimated model of the U.S. business cycle," Economics Working Papers 2015-06, Christian-Albrechts-University of Kiel, Department of Economics.
- Offick, Sven & Winkler, Roland C., 2014. "Endogenous firm entry in an estimated model of the U.S. business cycle," Economics Working Papers 2014-01, Christian-Albrechts-University of Kiel, Department of Economics.
- Bento, Pedro & Restuccia, Diego, 2021.
"On average establishment size across sectors and countries,"
Journal of Monetary Economics, Elsevier, vol. 117(C), pages 220-242.
- Pedro Bento & Diego Restuccia, 2018. "On Average Establishment Size across Sectors and Countries," Working Papers tecipa-612, University of Toronto, Department of Economics.
- Pedro Bento & Diego Restuccia, 2019. "On Average Establishment Size across Sectors and Countries," Working Papers tecipa-642, University of Toronto, Department of Economics.
- Pedro Bento & Diego Restuccia, 2018. "On Average Establishment Size across Sectors and Countriesy," NBER Working Papers 24968, National Bureau of Economic Research, Inc.
More about this item
Keywords
Amplification; Business cycles; Markups; Revenue elasticity; Output elasticity;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- D2 - Microeconomics - - Production and Organizations
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:dyncon:v:154:y:2023:i:c:s0165188923001288. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jedc .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.