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where output of the whole economy is described by a Cobb-Douglas function and Total Factor Productivity (TFP) is estimated …
Persistent link: https://www.econbiz.de/10010739141
Short-term increasing returns to production factors are usually found in empirical studies. We argue they can be due to omitted variables, particularly the intensity of factor utilisation. Thanks to original French firm-level data (1992-2008), we show how increasing returns to scale disappear...
Persistent link: https://www.econbiz.de/10010605337
This article presents an empirical model of non-stationary and cointegrated panel data to explain the impact of industrial property, measured by patents, on the GDP of 10 Latin America countries during the period 1990 to 2010. Apply traditional unit root tests and unit root test of art, which...
Persistent link: https://www.econbiz.de/10010584081
amount is very sensitive to human diets and to the productivity of feed. This article provides a 2050 foresight on the …
Persistent link: https://www.econbiz.de/10010820616
that core infrastructure and Information & Communication Technology (ICT) matter for Total Factor Productivity (TFP) and … Technical Efficiency (TE).In the analysis, we use a range of advanced estimation techniques to overcome problems of non …-stationary, omitted variables, endogeneity and reverse causality (such as System-GMM, panel cointegration and FMOLS). Estimation results …
Persistent link: https://www.econbiz.de/10009644165
increase of the Total Factor Productivity of the consumption sector. Physical and technological capital are not substitutable … technologies begin to have an impact on the productivity of the consumption sector. However, we show that once a certain level of …
Persistent link: https://www.econbiz.de/10010750459
Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.
Persistent link: https://www.econbiz.de/10010898504
country's productivity affects the productivity of other countries in the region and test the effectiveness of R&D in terms of … expenditure or investment in human capital on the productivity levels of countries in the region. The results suggest that of the …, private sector funded R&D, have a positive impact on these countries' productivity. In contrast, however, foreign investment …
Persistent link: https://www.econbiz.de/10010632949
We use a firm production function approach to generate estimates of total factor productivity (TFP) and labor … productivity in the manufacturing sector for a group of Latin American countries. We exploit these estimates to study the relative … position of countries within this sector and to explore the main correlates of firm productivity. We find that while the exact …
Persistent link: https://www.econbiz.de/10010635010
industrial reforms. Using data on Indian manufacturing firms, this paper analyzes the relationship between firm's productivity … that more productive firms become exporters, the results do not show that entry into export markets enhances productivity …. The paper examines the explanation of self selection hypothesis for total factor productivity differences across 33 …
Persistent link: https://www.econbiz.de/10010635258