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Unraveling Firms: Demand, Productivity and Markups Heterogeneity

Emanuele Forlani (), Ralf Martin (), Giordano Mion () and Mirabelle Muûls ()

No 11058, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups across firms while leaving the correlation among the three unrestricted. We do this by systematically exploiting assumptions that are implicit in previous firm-level productivity estimation approaches. We use Belgian firms production data to quantify TFP, demand and mark-ups and show how they are correlated among them, across time and with measures obtained from other approaches. We also show to what extent our three dimensions of heterogeneity allow us to gain deeper and sharper insights on two key firm-level outcomes: export status and size.

Keywords: Demand; Export status; Firm size; Markups; Production function estimation; Productivity (search for similar items in EconPapers)
JEL-codes: D24 F14 L11 L25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-ecm and nep-int
Date: 2016-01
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Working Paper: Unraveling Firms: Demand, Productivity and Markups Heterogeneity (2016) Downloads
Working Paper: Unraveling Firms: Demand, Productivity and Markups Heterogeneity (2016) Downloads
Working Paper: Unraveling firms: demand, productivity and markupsheterogeneity (2016) Downloads
Working Paper: Unraveling firms: Demand, productivity and markups heterogeneity (2016) Downloads
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