Showing 1 - 10 of 76
We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being...
Persistent link: https://www.econbiz.de/10005401584
We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being...
Persistent link: https://www.econbiz.de/10010702243
This paper explores the relationship between capital composition and productivity using a unique and remarkably … capital types, including computers, communications equipment, and software, are associated with current and subsequent years …’ productivity. The implied marginal products are derived and compared to official data on rental prices; substantial differences …
Persistent link: https://www.econbiz.de/10011026940
This paper explores the relationship between capital composition and productivity using a unique and remarkably … capital types, including computers, communications equipment, and software, are associated with current and subsequent years …’ productivity. The implied marginal products are derived and compared to official data on rental prices; substantial differences …
Persistent link: https://www.econbiz.de/10005401621
Persistent link: https://www.econbiz.de/10003156157
productivity. Theory dictates that this causation is driven by the effect of traditional capital deepening as well as technological …This paper describes an attempt to build a regression-based system of labor productivity equations that incorporate the … effects of capital-embodied technological change into IDLIFT, a structural, macroeconomic input-output model of the U …
Persistent link: https://www.econbiz.de/10005401573
not adequately account for quality change. As a result, measured capital stock growth is biased. Third, if accurate, the …
Persistent link: https://www.econbiz.de/10005514430
not adequately account for quality change. As a result, measured capital stock growth is biased. Third, if accurate, the …
Persistent link: https://www.econbiz.de/10010702136
productivity. Theory dictates that this causation is driven by the effect of traditional capital deepening as well as technological …This paper describes an attempt to build a regression-based system of labor productivity equations that incorporate the … effects of capital-embodied technological change into IDLIFT, a structural, macroeconomic input-output model of the U …
Persistent link: https://www.econbiz.de/10010702185
We derive aggregate growth-accounting implications for a two-sector economy with heterogeneous capital subsidies and … monopoly power. In this economy, measures of total factor productivity (TFP) growth in terms of quantities (the primal) and … real factor prices (the dual) can diverge from each other as well as from true technology growth. These distortions …
Persistent link: https://www.econbiz.de/10008465682