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We propose a methodology to take dynamic stochastic general equilibrium (DSGE) models to the data based on the combination of differentiable state-space models and the Hamiltonian Monte Carlo (HMC) sampler. First, we introduce a method for implicit automatic differentiation of perturbation...
Persistent link: https://www.econbiz.de/10013435135
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
) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10012461957
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10012462858
empirical finding.Three elaborations to the basic production frontier framework are developed and used to interpret the accident-productivity …
Persistent link: https://www.econbiz.de/10012477724
We study how innovation and technology diffusion interact to endogenously determine the productivity distribution and … productivity distribution. With finite support, the aggregate growth rate cannot exceed the maximum growth rate of innovators …
Persistent link: https://www.econbiz.de/10012455586
"This paper investigates the impacts of cotton marketing reforms on farm productivity, a key element for poverty … productivity in cotton declined. With the improvement of the outgrower scheme of later years, farmers devoted larger shares of land … to cash crops, and farm productivity significantly increased"--National Bureau of Economic Research web site …
Persistent link: https://www.econbiz.de/10010522398
country to country depending on which perquisites were present or absent. In the past twenty years, Brazilian agriculture … evolved from "backward" to an agricultural powerhouse. Its production and total factor productivity more than doubled. Brazil … is in the worlds' top five producers of coffee, soybeans, oranges, beef and corn. Yet, some segments of agriculture lag …
Persistent link: https://www.econbiz.de/10012456685
agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural … productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask …
Persistent link: https://www.econbiz.de/10012459033
assess the empirical performance of Ricardo's ideas. We use novel agricultural data that describe the productivity in 17 … the productivity of each parcel of land in all crops, not just those that are currently being grown. This direct … information about relative productivity differences across economic activities allows us to compute, for the first time, the …
Persistent link: https://www.econbiz.de/10012460690