Showing 1 - 10 of 2,358
Economy-wide institutional deficiencies causing factor misallocation have been emphasized as essential determinants of aggregate TFP differences. This paper argues that production flexibility at the micro-level is an economic characteristic that should be given priority in TFP aggregation...
Persistent link: https://www.econbiz.de/10012453743
Persistent link: https://www.econbiz.de/10013480896
productivity in the South and aggregate technology used by the South both turn out to be higher …
Persistent link: https://www.econbiz.de/10012480411
This paper provides the first estimates of within-industry heterogeneity in energy and CO2 productivity for the entire … U.S. manufacturing sector. We measure energy and CO2 productivity as output per dollar energy input or per ton CO2 … emitted. Three findings emerge. First, within narrowly defined industries, heterogeneity in energy and CO2 productivity across …
Persistent link: https://www.econbiz.de/10012453485
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10011394520
This paper aims to examine the productivity change of the Japanese economy using the data pertaining to the 47 … prefectures during the period 1981-2000. The decomposition analysis of the Hicks-Moorsteen-Bjurek productivity index is conducted … to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most …
Persistent link: https://www.econbiz.de/10012467310
We introduce a growth model of technology diffusion and endogenous Total Factor Productivity (TFP) levels both at the … disparities in sectoral productivity levels as well as aggregate TFP that can be attributed to the differences in the range of …
Persistent link: https://www.econbiz.de/10012467957
Our answer: not so well. We reach that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10012468056
. Long-run identifying restrictions are used to decompose productivity, hours, and output into technology shocks and non …
Persistent link: https://www.econbiz.de/10012468061
I estimate a model in which new technology entails random adjustment costs. Rapid adjustments may cause productivity …
Persistent link: https://www.econbiz.de/10012468120