Showing 1 - 10 of 2,380
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
We develop and estimate a new model of endogenous growth in bank efficiency and firm productivity in which banks adopt …-good-producing entrepreneurs. In this framework, bank efficiency influences firm productivity by affecting agents' occupational choices, while firm … productivity affects bank efficiency through the relative price of capital goods. We find that increasing technology adoption in …
Persistent link: https://www.econbiz.de/10015361426
's adjusted TFP data to identify impulse responses to news shocks about future productivity in a structural VAR. The vintage of …
Persistent link: https://www.econbiz.de/10012456521
firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10012458447
This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...
Persistent link: https://www.econbiz.de/10012458604
rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …
Persistent link: https://www.econbiz.de/10012458826
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills …
Persistent link: https://www.econbiz.de/10012459923