Markups and Concentration in Eswatini: A Firm-Level Analysis of Panel Data

This paper documents the evolution of markups and concentration, detects causality between firm churning and markups/concentration, and determines the impact of fixed/sunk costs on markups.

Working Paper
29 Dec 2020

Technical Efficiency, Input Reallocation and Productivity Growth: Panel Data Evidence

Is the effect of labour reallocation on aggregate labour productivity growth less than the effect of real productivity? A robust finding in meta-analyses by Bartelsman et al. (2004) and Paǵes et al. (2008) is affirmative.

Working Paper
7 Aug 2020

Entry, Exit and the Hazards of Firms under Trade Liberalization: Evidence from Eswatini

The goal of this paper was to estimate an empirical hazard function of firms by determining the impact of selected firm characteristics and unobserved heterogeneity on a firm‟s survival time prior to exit during a period of de factor trade liberalization.

Working Paper
21 Jul 2020

Markups, Productivity, and Export Dynamics

The primary goal of this paper is to efficiently recover consistent markups from firm-level production technology under cost minimization settings in order to document the relationship between unobserved idiosyncratic productivity shocks and endogenous markups.

Working Paper
27 Mar 2020

Does Technical Efficiency Dominate Resource Reallocation in Aggregate Productivity Growth? Evidence from Swazi Manufacturing

Is the effect of input reallocation on aggregate productivity growth (APG) less than that of technical efficiency? A robust finding in two influential meta-analyses by Bartelsman et al. (2004) and Paǵes et al.

Working Paper
1 Jan 2018

Investment Dynamics, Unobserved Heterogeneity and Endogenous Investment Switching Regime in Manufacturing

This paper by Samuel V. Mhlanga (2018) investigates the industrial effects of true state dependence, the sales-to-capital ratio and unobserved heterogeneity on the rate of investment in plant, machinery and equipment (PME) in Swaziland.

Working Paper
1 Jan 2018

Making Forgotten Firm Data Available for Research in Ghana and Swaziland

This project aims to bring micro-data collected by statistical agencies in Ghana and Swaziland into the research domain, to standardise the data series over time and to provide supporting documentation to allow for the use of this data by the broader research community.

Research Project
28 Jun 2014