東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Firm and industrial dynamics over th...

Tian, Can.

FindBook

Google Book

Amazon

博客來

Firm and industrial dynamics over the business cycles.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Firm and industrial dynamics over the business cycles./
作者:	Tian, Can.
面頁冊數:	160 p.
附註:	Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
Contained By:	Dissertation Abstracts International75-10A(E).
標題:	Economic theory. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3623764
ISBN:	9781303963681

Firm and industrial dynamics over the business cycles.
Tian, Can.

Firm and industrial dynamics over the business cycles. - 160 p.

Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.

Thesis (Ph.D.)--University of Pennsylvania, 2014.

This item must not be sold to any third party vendors.

This dissertation consists of three essays. In Chapter 1, we proposes a dynamic multi-sector production network model in which firms receive news on the future product-specific demand of a representative household. Since production takes time and firms in the production sectors are connected via input-output links, news on the future final demand of an individual product changes firms' forecasts of their future sales, creating economy-wide effects named as forecast shocks. Forecast shocks are transferred upwards through the supplier-customer connections in the network, from the buyer of an input good to the producer. The model explains the asymmetry in the transmission of individual shocks in the network and how shocks to the expectations generate real, persistent effects. The equilibrium is analytically solved and calibrated to the U.S. economy. Quantitative analysis then follows to examine the model performance. In Chapter 2, we incorporate a firm's project choice decision into a firm dynamics model with business cycle features to explain this empirical finding both qualitatively and quantitatively. In particular, all projects available have the same expected flow return and differ from one another only in the riskiness level. The endogenous option of exiting the market and limited funding for new investment jointly play an important role in motivating firms' risk-taking behavior. The model predicts that relatively small firms are more likely to take risk and that the cross-sectional productivity dispersion, measured as the variance/standard deviation of firm-level profitability, is larger in recessions. In Chapter 3, we consider the impact of job rotation in a directed search model in which firm sizes are endogenously determined, and match quality is initially unknown. In a large firm, job rotation allows the firm to at least partially ameliorate losses from mismatches of workers to jobs. As a result, in the unique equilibrium, large firms have higher labor productivity and lower separation rate. In contrast to the standard directed search model with multi-vacancy firms, this model can generate a positive correlation between firm size and wage without introducing exogenous productivity shocks or a non-concave production function.

ISBN: 9781303963681Subjects--Topical Terms:

1556984
Economic theory.

Firm and industrial dynamics over the business cycles.
LDR:03175nmm a2200277 4500 001 2059818
005 20150827083001.5
008 170521s2014 ||||||||||||||||| ||eng d
020 $a 9781303963681
035 $a (MiAaPQ)AAI3623764
035 $a AAI3623764
040 $a MiAaPQ $c MiAaPQ
100 1 $a Tian, Can. $3 3173951
245 1 0 $a Firm and industrial dynamics over the business cycles.
300 $a 160 p.
500 $a Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
500 $a Adviser: Dirk Krueger.
502 $a Thesis (Ph.D.)--University of Pennsylvania, 2014.
506 $a This item must not be sold to any third party vendors.
520 $a This dissertation consists of three essays. In Chapter 1, we proposes a dynamic multi-sector production network model in which firms receive news on the future product-specific demand of a representative household. Since production takes time and firms in the production sectors are connected via input-output links, news on the future final demand of an individual product changes firms' forecasts of their future sales, creating economy-wide effects named as forecast shocks. Forecast shocks are transferred upwards through the supplier-customer connections in the network, from the buyer of an input good to the producer. The model explains the asymmetry in the transmission of individual shocks in the network and how shocks to the expectations generate real, persistent effects. The equilibrium is analytically solved and calibrated to the U.S. economy. Quantitative analysis then follows to examine the model performance. In Chapter 2, we incorporate a firm's project choice decision into a firm dynamics model with business cycle features to explain this empirical finding both qualitatively and quantitatively. In particular, all projects available have the same expected flow return and differ from one another only in the riskiness level. The endogenous option of exiting the market and limited funding for new investment jointly play an important role in motivating firms' risk-taking behavior. The model predicts that relatively small firms are more likely to take risk and that the cross-sectional productivity dispersion, measured as the variance/standard deviation of firm-level profitability, is larger in recessions. In Chapter 3, we consider the impact of job rotation in a directed search model in which firm sizes are endogenously determined, and match quality is initially unknown. In a large firm, job rotation allows the firm to at least partially ameliorate losses from mismatches of workers to jobs. As a result, in the unique equilibrium, large firms have higher labor productivity and lower separation rate. In contrast to the standard directed search model with multi-vacancy firms, this model can generate a positive correlation between firm size and wage without introducing exogenous productivity shocks or a non-concave production function.
590 $a School code: 0175.
650 4 $a Economic theory. $3 1556984
690 $a 0511
710 2 $a University of Pennsylvania. $b Economics. $3 2093765
773 0 $t Dissertation Abstracts International $g 75-10A(E).
790 $a 0175
791 $a Ph.D.
792 $a 2014
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3623764