Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/20230
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dc.contributor.authorIssar, Akash
dc.contributor.authorLim, Jamus Jerome
dc.contributor.authorMohapatra, Sanket
dc.date.accessioned2018-02-06T05:39:25Z
dc.date.available2018-02-06T05:39:25Z
dc.date.issued2017-02-27
dc.identifier.urihttp://hdl.handle.net/11718/20230
dc.description.abstractIn this paper, we examine how firm-level productivity growth is dependent on a broad range of institutional quality measures at the country level. Using a sample of 3,446 firms in 58 advanced and emerging economics, we show that such institutions exert a statistically and economically significant effect on changes in firm TFP. We utilize data envelopment analysis to construct firm-level measures of Malmquist productivity, which we then condition on a range of country-level institutions, using both a full set of fixed effects and system generalized method of moments to address potential endogeneity concerns. The baseline effect is robust to alternative measures of institutions, variations in model specification, alternative temporal aggregations, and the inclusion of external instruments. Additional decompositions further reveal that the institutional effect operates via improved productive efficiency (rather than technological progress), and that the key institutions are those associated with rule of law and regulatory qualityen_US
dc.language.isoen_USen_US
dc.publisherIndian Institute of Management Ahmedabaden_US
dc.relation.ispartofseriesW.P.;2017-02-01
dc.subjectFirm-level TFPen_US
dc.subjectMalmquist productivityen_US
dc.subjectInstitutionsen_US
dc.subjectData envelopment analysis JEL Classification: E21, E22, E02en_US
dc.titleInstitutional quality and international differences in firm productivityen_US
dc.typeWorking Paperen_US
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