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Michael Grossman's seminal publication on the demand for health and health production (Grossman 1972) has spawned a … substantial body of research focusing on the production of infant health. This article provides a systematic review of the … published literature to date on infant health production and how it has evolved over the past 3-4 decades as data have become …
Persistent link: https://www.econbiz.de/10012453583
We estimate production functions for cognition and health for children aged 1-12 in India, where over 70 million …, prior child cognition and health, and child investments. We use income and local prices to control for the endogeneity of … investments. We find that cognition is sensitive to investments throughout the age range we consider, while health is mainly …
Persistent link: https://www.econbiz.de/10012456930
the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb …
Persistent link: https://www.econbiz.de/10012468065
Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a … model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …
Persistent link: https://www.econbiz.de/10012472274
when institutional quality is instrumented. Finally, the experience of Hong Kong, which has had a flat investment ratio … since the 1960s, is consistent with the idea that making the transition from a low-investment economy to a high-investment …
Persistent link: https://www.econbiz.de/10012472910
building ideas first developed in Olley and Pakes (1996). Olley and Pakes show how to use investment to control for correlation … between input levels and the unobserved firm-specific productivity process. We prove that like investment, intermediate inputs … problem. We highlight three potential advantages to using an intermediate inputs approach relative to investment. Our results …
Persistent link: https://www.econbiz.de/10012470924
This paper revisits capital-skill complementarity and inequality, as in Krusell, Ohanian, Rios-Rull and Violante (KORV, 2000). Using their methodology, we study how well the KORV model accounts for more recent data, including the large changes in labor's share of income that were not present in...
Persistent link: https://www.econbiz.de/10012510626
are measured as being no less efficient than an average manufacturing firm, but Health Maintenance Organizations are less …
Persistent link: https://www.econbiz.de/10012476899
Aggregate production functions are reduced-form relationships that emerge endogenously from input-output interactions between heterogeneous producers and factors in general equilibrium. We provide a general methodology for analyzing such aggregate production functions by deriving their first-...
Persistent link: https://www.econbiz.de/10012480944
Experimental studies rarely consider the shape and nature of the education production function, which is useful for deriving optimal levels of input substitution in increasingly resource constrained environments. Because of the rapid expansion of EdTech as a substitute for traditional learning...
Persistent link: https://www.econbiz.de/10012481924