Dispersion and volatility of TFPQ and TFPR: findings from three service industries

Masayuki Morikawa

Industrial and Corporate Change, 2019, vol. 28, issue 6, 1515-1531

Abstract: This study presents the empirical findings on cross-sectional dispersion and time-series volatility of TFPQ and TFPR using high-frequency establishment-level panel data from three narrowly defined service industries. The within-industry dispersion of TFPQ is not larger than that of TFPR, and this finding differs from past studies on the manufacturing sector. Productivity dispersion is smaller when aggregated industry-level productivity is higher, and vice versa. Service producers with highly volatile productivity are less productive in both TFPQ and TFPR.

JEL-codes: D24 L83 L84 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (5)

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