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rates of growth of the total factor productivity. The rate of growth of the total factor productivity was estimated as a … average annual rates of growth of the total factor productivity were very high (around 6 per cent) in the case of … of total factor productivity over time we found that Czechoslovakia, Poland and Bulgaria experienced a quite considerably …
Persistent link: https://www.econbiz.de/10005125000
This paper builds a production function of skilled and unskilled labour for the economy that does not grow. The paper uses the constant elasticity of substitution production function (CES) of skilled and unskilled labour on the micro level as an important building stone. The paper obtains a...
Persistent link: https://www.econbiz.de/10005125802
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
This study presents estimation of production functions for the Soviet industry from the 1951—1970 data. Different specifications and estimation procedures were tried. The results diverged on a wide range and this may have serious implications. The paper shows possible effects of different...
Persistent link: https://www.econbiz.de/10005407937
Compared to several cross-country studies on the determinants of growth, time series approaches are relatively few and limited in scope. However, time series studies are useful for country-specific policies. But in the recent time series works, with a few exceptions, ad hoc specifications of...
Persistent link: https://www.econbiz.de/10005412824
In this paper we try to explain some restructuring patterns of Czech textile and clothing industries from a microeconomic point of view. We introduce two measures of production efficiency (the technical and the allocative efficiency) and look at changes in the behaviour of enterprises. In 1994,...
Persistent link: https://www.econbiz.de/10005412948
Compared to many cross-country studies on the determinants of growth rate, time series approaches are relatively few and limited in scope. However, time series studies are useful for country-specific policies. But in many recent works ad hoc specifications have been used to analyze the...
Persistent link: https://www.econbiz.de/10005561111
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign trade liberalization in the Czech Republic. It also focuses on the effect of Asoft@ macroeconomic environment on the microeconomic decisions. A dynamic investment function with...
Persistent link: https://www.econbiz.de/10005118676
The study of the stylized facts of economic growth has allowed an advance of this field of economic analysis in its empirical and theorical works. Today, Health Economics is faced with new requirements of society, i.e. better care at a sustainable cost. Furthermore, since the problems linked...
Persistent link: https://www.econbiz.de/10005076927
Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have … policies. This paper argues rather, that the permanent loss in output following Sweden’s banking crisis in the early 1990s …
Persistent link: https://www.econbiz.de/10005126428