Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Tests of Total Factor Productivity Measurement
Author: Tests of total factor productivity measurement
Author: A. Steven EnglanderTest of total factor productivity measurement
Author: A. Steven EnglanderNew Developments in Productivity Analysis
Author: Charles R. HultenPublisher: University of Chicago Press
ISBN: 0226360644
Category : Medical
Languages : en
Pages : 648
Book Description
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Full Industry Equilibrium
Author: Arrigo OpocherPublisher: Cambridge University Press
ISBN: 1107097797
Category : Business & Economics
Languages : en
Pages : 233
Book Description
This original book develops a systematic zero-net-profit comparative statics theory to shed new light on the microeconomics of industry equilibrium.
Productivity Measurement and Analysis
Author: OECDPublisher: OECD Publishing
ISBN: 9264044612
Category :
Languages : en
Pages : 556
Book Description
Presents the proceedings of two workshops on productivity measurement and analysis, which brought together representatives of statistical offices, central banks and other officials involved with the analysis and measurement of productivity at aggregate and industry levels.
Tests of Total Factor Productivity Measurement
Author: A. Steven EnglanderPublisher:
ISBN:
Category : Capital productivity
Languages : en
Pages : 54
Book Description
Testing the Predictive Ability of Measures of Total Factor Productivity Growth
Author: Myung Jin HanPublisher:
ISBN:
Category : Development economics
Languages : en
Pages : 208
Book Description
This study empirically examines the predictive power of common measures of total factor productivity growth (TFPG) on future economic growth. We do this by calculating TFPG in a typical way from a panel of countries provided by the Penn World Tables. We find that there is a positive and significant association between TFPG and future economic growth for the full sample and for the sub-sample of OECD countries. We also find weak evidence that TFPG is a significant predictor of future economic growth in non-OECD countries. However, we fail to find evidence that TFPG is significantly correlated with future economic growth in the East Asian countries. In addition, we perform sensitivity tests by using different values of the capital share to estimate TFPG and find that the basic results are robust for the full sample and all sub-samples. These results suggest that TFPG is, in general, a good predictor of future economic growth but that the relationship breaks down for certain sub-samples of countries. In particular, the relationship does not hold up well for the East Asian countries. This is consistent with the idea of localized technical progress. Thus, TFPG calculations may fail to capture technology growth in the East Asian countries, where the localized technical progress story is likely to be relevant.
U.S. Total Factor Productivity Slowdown
Author: Mr.Roberto CardarelliPublisher: International Monetary Fund
ISBN: 1513551647
Category : Business & Economics
Languages : en
Pages : 24
Book Description
Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market dynamism over the last two decades. Indeed, there are large differences in production efficiency across U.S. states, with the states having better educational attainment and greater investment in R&D being closer to the production “frontier.”
Testing Productivity Models
Author: Michael DennyPublisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 46
Book Description