Dispersion and volatility of TFPQ and TFPR: findings from three service industries. (24th April 2019)

• Record Type: Journal Article
• Authors: Morikawa, Masayuki
• Is Part Of: Industrial and corporate change. Volume 28:Number 6(2019)
• Page Start: 1515
• Page End: 1531
• Publication Date: 2019-04-24
• Subjects: D24 -- L83 -- L84; Organizational change -- Periodicals; Organizational effectiveness -- Periodicals; Industrial management -- Periodicals; 658.4062
• DOI: 10.1093/icc/dtz019
• Languages: English
• ISSNs: 0960-6491

Abstract

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.