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Productivity growth of Indian manufacturing sector: panel estimation of stochastic production frontier and technical inefficiency

Madheswaran, S; Liao, Hailin; Badri Narayan … - In: Journal of Developing Areas 40 (2007) 2, pp. 35-50

examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of technical … progress (TP) and Technical Efficiency Change (TEC). The empirical result suggests that the TFP growth in a large number of … industries have improved during 1997-98 compared to 1980-81. TFP growth is mainly driven by TP not by TEC in case of Indian …

Persistent link: https://www.econbiz.de/10011212974

The Sources of Long-run Growth in Spain 1850-2000

Prados de la Escosura, Leandro; Rosés, Joan R. - C.E.P.R. Discussion Papers - 2007

are closely related to increases in TFP. Spanish economic growth went through three successive phases. The century before … 1950 was characterized by slow growth driven by factor accumulation. TFP improvements pushed up explosive growth during the …

Persistent link: https://www.econbiz.de/10005124439

Capital utilization in Japan's lost decade: A neoclassical interpretation

Miyazawa, Kensuke - In: Japan and the World Economy 24 (2012) 4, pp. 246-253

This paper attempts to reconcile the controversy regarding Japan's total factor productivity during its slump in the 1990s by clarifying the role of capital utilization. Hayashi and Prescott (2002) emphasized that the decline in the exogenous total factor productivity growth rate was the main...

Persistent link: https://www.econbiz.de/10010595048

Growth in an oil abundant economy: The case of Venezuela

Agnani, Betty; Iza, Amaia - In: Journal of Applied Economics XIV (2011) May, pp. 61-79

behavior can largely be explained by the evolution of total factor productivity (TFP). Finally, we calculate the correlations … between oil rents and physical capital accumulation and TFP in the non-oil sector, finding a high positive correlation during …

Persistent link: https://www.econbiz.de/10009132763

Chapter 66 The Measurement of Productivity for Nations

Diewert, W. Erwin; Nakamura, Alice O. - In: Handbook of econometrics : volume 6A, (pp. 4501-4586). 2007

This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their growth over time and relative counterparts are defined as...

Persistent link: https://www.econbiz.de/10014024949

Economic growth in Asia: Determinants and prospects

Lee, Jong-Wha; Hong, Kiseok - In: Japan and the World Economy 24 (2012) 2, pp. 101-113

Using a growth accounting framework, we find that developing Asia grew rapidly over the past three decades mainly due to robust growth in capital accumulation. The contributions of education and total factor productivity in the region's past economic growth remain relatively limited. We also...

Persistent link: https://www.econbiz.de/10010574379

Technological Upgrading in China and India: What Do We Know?

Woo, Jaejoon - Centre de développement, Organisation de Coopération … - 2012

embody new technology for TFP growth in a large panel of advanced and developing countries over 1970-2007. Consistent with … contributed to rapid technological upgrading especially in China. Puzzlingly, however, the TFP level in China is much lower than …

Persistent link: https://www.econbiz.de/10009652077

TFPG Controversies, Institutions, and Economic Performance in East Asia

Rodrik, Dani - C.E.P.R. Discussion Papers - 1997

The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...

Persistent link: https://www.econbiz.de/10005124261

Von der Euroeinführung zur Schuldenkrise : Ergebnisse einer Wachstumszerlegung für ausgewählte Länder des Euroraums

Meulen, Philipp an de; Schmidt, Torsten - In: Vierteljahrshefte zur Wirtschaftsforschung 82 (2013) 2, pp. 77-96

In Folge der Großen Regression wurde im Euroraum eine Finanz- und Währungskrise ausgelöst, deren unterschiedliche Auswirkungen auch in der Entwicklung der Wirtschaftsstrukturen seit der Euroeinführung begründet sind. In diesem Aufsatz wird ein Growth Accounting für die Volkswirtschaften...

Persistent link: https://www.econbiz.de/10011285707

Investment-Specific Technical Change in the US (1947-2000): Measurement and Macroeconomic Consequences

Cummins, Jason G.; Violante, Giovanni L. - In: Review of Economic Dynamics 5 (2002) 2, pp. 243-284

By extrapolating Gordon's (1990) measures of the quality-bias in the official price indexes, we construct quality-adjusted price indexes for 24 types of equipment and software (E&S) from 1947 to 2000 and use them to measure technical change at the aggregate and at the industry level....

Persistent link: https://www.econbiz.de/10005090985

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