The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …

The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …

The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. One proposition proves that Nelson's (1964) formula is only an approximation. Our final proposition shows … that inclusion of the vintage effect prompts an upward correction of measured productivity growth in times of an aging …

existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic … structure ; China …

This paper documents an increasing intergenerational income persistence in China since economic reforms were introduced …