Using the ARD establishment level data to look at foreign ownership and productivity in the United Kingdom

Article Abstract:

Academic economists analyzed data from the Annual Census of Production or Annual Business Inquiry Respondents Database (ARD) to asses the level of foreign ownership and productivity in the UK. With information on output, employment, investment and expenditure on intermediate goods, analysis of the ARD data has shown that the presence of foreign-owned establishments has remained fairly constant from 1980-1995. It was also found that the 1980s was a time of rapid growth in labor and total factor productivity in the UK.

United Kingdom, International business enterprises, Multinational corporations, Labor productivity

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Dynamic count data models of technological innovation

Article Abstract:

Count data models have been developed to evaluate the dynamic and nonlinear character of technological innovation. Since such models apply non-negative integers for interest variables, they fail to explain innovation's dynamic feedback process and factors of unobservable heterogeneity. Companies having large market shares increase industry concentration but negate aggregate levels of technological innovation. Thus, dominant firms innovate more despite decreased market share.

Technological innovations, Industrial productivity, Market share

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Tax reform and welfare measurement: do we need demand system estimation?

Article Abstract:

The accuracy of simple welfare measures used to quantify the welfare costs of tax or price reforms is examined. This study reviews the standard first-order approximations used in the literature, generates corresponding second-order approximations and examines the accuracy of these approximations. Empirical examples reveal that first-order approximations reveal systematic bias while second-order approximations always work well.

Measurement, Tax reform, Welfare, Public assistance

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