University of Groningen
Factor Income Dynamics: An Exploration
Freeman, Daan
DOI:
10.33612/diss.125326165
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Publication date: 2020
Link to publication in University of Groningen/UMCG research database
Citation for published version (APA):
Freeman, D. (2020). Factor Income Dynamics: An Exploration. University of Groningen, SOM research school. https://doi.org/10.33612/diss.125326165
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Propositions:
1. Superstar firms are active in the Netherlands, but only in several industries like travel agencies, wholesale & retail and manufacture of pharmaceuticals. (Chapter 2)
2. `Factorless income’ has taken up larger shares of all income across many developed countries since the 1980s. (Chapter 3)
3. Fully capitalising intangible assets only partially explains the increase in factorless income. (Chapter 3)
4. The factorless income share is related to globalisation of production processes. Particularly, offshoring of production is positively related to the share of factorless income. (Chapter 3) 5. The omission of important factors of production can significantly influence the measurement
of the factor income distribution and productivity estimations. (Chapters 3 and 4)
6. Some production factors are present in some countries, but not in others, which can strongly impact estimations of cross-country productivity differences. (Chapter 4)
7. ``See first, think later, then test. But always see first. Otherwise you will only see what you were expecting.'' (Douglas Adams)
