Showing 1 - 10 of 1,134
In this paper I provide a production theory-based framework for measuring markups of price over marginal coat, and the effects of cost and demand characteristics on these markups. Price to marginal coat ratios are measured for various Canadian manufacturing industries, and the impacts of...
Persistent link: https://www.econbiz.de/10012476112
We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost of primary inputs. We show how to aggregate plant-level data to this measure and how to use plant-level data to decompose our measure into technical efficiency and reallocation...
Persistent link: https://www.econbiz.de/10012466784
Factor-biased technological change implies divergent productivity growth across countries with different amounts of skill and capital per worker. I estimate the extent of factor bias within industries and countries using a 19-country panel of manufacturing data covering the 1980s. Estimates...
Persistent link: https://www.econbiz.de/10012470772
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10012473353
This paper investigates the shift in demand towards skilled labor in U.S. manufacturing. Between 1979 and 1989. employment of production workers in manufacturing dropped by 2.2 mil1ion or 15 percent while employment of non-production workers rose by 3 percent. A decomposition of changing...
Persistent link: https://www.econbiz.de/10012474707
The purpose of this paper is to apply the theory of Lie transformation groups as developed by the first author, and derive a testable model of production and technical change. The econometric model is then applied to data derived by F. Gollop and D. Jorgenson for U.S. manufacturing industries...
Persistent link: https://www.econbiz.de/10012477468
The paper analyzes the production structure and the demand for inputs in three major industrialized countries, the U.S., Japan and Germany. A dynamic factor demand model with two variable inputs (labor and energy)and two quasi-fixed inputs (capital and R&D) is derived directly from an...
Persistent link: https://www.econbiz.de/10012477833
We construct a novel plant-level dataset to examine the process of technology adoption during a period of rapid technological change: The diffusion of mechanized cotton spinning during the Industrial Revolution in France. We document new stylized facts that can help explain why major...
Persistent link: https://www.econbiz.de/10012481359
During the nineteenth century, the US manufacturing sector shifted away from the "hand labor" mode of production, characteristic of artisan shops, to the "machine labor" of the factory. This was the focus of an extremely detailed but extraordinarily complex study by the Commissioner of Labor...
Persistent link: https://www.econbiz.de/10012481631
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012453357