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The present study is the second is a series of three papers devoted to issues in the measurement of productivity and productivity growth. The contributions of the present paper are three. First, it introduces a new approach to measuring industrial productivity based on income-side data that are...
Persistent link: https://www.econbiz.de/10005762582
The present study is a contribution to the theory of the measurement of productivity growth. First, it examines the welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index of productivity growth rates of different sectors...
Persistent link: https://www.econbiz.de/10005196000
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops data on total output, business sector output, and...
Persistent link: https://www.econbiz.de/10004990805
Persistent link: https://www.econbiz.de/10001765992
A local limit theorem is proved for sample covariances of nonstationary time series and integrable functions of such time series that involve a bandwidth sequence. The resulting theory enables an asymptotic development of nonparametric regression with integrated or fractionally integrated...
Persistent link: https://www.econbiz.de/10005463960
We correct the limit theory presented in an earlier paper by Hu and Phillips (Journal of Econometrics, 2004) for nonstationary time series discrete choice models with multiple choices and thresholds. The new limit theory shows that, in contrast to the binary choice model with nonstationary...
Persistent link: https://www.econbiz.de/10005463967
Persistent link: https://www.econbiz.de/10002024850
Persistent link: https://www.econbiz.de/10001601660