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财会知微堂依托于厦门大学金融大数据研究中心,由游家兴教授及其团队负责运营,旨在分享财务与会计领域的学术前沿、理论思想与研究方法。
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【文献速递第253期】TOP期刊关于政府行为的三篇论文

财会知微堂  · 公众号  ·  · 2024-09-15 08:11

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点击蓝字 关注我们 01 原文: Ilzetzki, Ethan.2024. Learning by Necessity: Government Demand, Capacity Constraints, and Productivity Growth. American Economic Review, 114 (8): 2436-71. Learning by Necessity: Government Demand, Capacity Constraints, and Productivity Growth ABSTRACT:   This paper studies how firms adapt to demand shocks when facing capacity constraints. I show that increases in government purchases raise total factor productivity in quantity units at the production line level. Productivity gains are concentrated in plants facing tighter capacity constraints, a phenomenon I call "learning by necessity." Evidence is based on newly digitized archival data on US World War II aircraft production. Shifts in demand across aircraft with different strategic roles provide an instrument for aircraft demand. I show that plants adapted to surging demand by improving production methods, outsourcing, and combating absenteeism, primarily when facing tighter capacity constr ………………………………

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