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We develop a simple estimator for production functions in the presence of endogenous productivity change that allows us … to retrieve productivity and its relationship with R&D at the firm level. Our dynamic investment model can be viewed as a … generalization of the knowledge capital model (Griliches 1979) that has remained a cornerstone of the productivity literature for …
Persistent link: https://www.econbiz.de/10005836877
either breed the exploited party or educate the exploited party not to detect exploitation. Thereby a higher productivity … than cooperation or prisoners´ dilemma is achieved. The higher productivity is a benefit for the group and one party on the …
Persistent link: https://www.econbiz.de/10008595615
This paper presents the results of long run labour productivity and GDP growth rate projections (until 2050) for each … employment and labour productivity. These base case projections reflect the working assumption of “no policy change … population is fairly limited, although it is accepted that the labour productivity of an individual is likely to decline after …
Persistent link: https://www.econbiz.de/10005619654
This paper explores the use of information on the firm-level prices of the produced output and employed inputs, as well as on the firm-level demand relationship, to identify the parameters of the production function. By considering the system of equations which includes the demands for variable...
Persistent link: https://www.econbiz.de/10005835424
In order to obtain plausible scenarios of economic development in Romania up to the 2015 horizon, we used a mix of forecasting models, from ones classified as “medium-term” to those covering longer forecasting periods. Based on the analysis of the economic transition period we mainly used...
Persistent link: https://www.econbiz.de/10005835931
Agricultural credit plays an important role in enhancing the agricultural productivity in developing countries like …
Persistent link: https://www.econbiz.de/10005835954
the trend total factor productivity. We asses this approach by comparing it with two other multivariate methods mostly …
Persistent link: https://www.econbiz.de/10005836945
Mankiw, Romer and Weil (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This paper suggests an empirical procedure...
Persistent link: https://www.econbiz.de/10005837097
This paper gives an outline of evolution of the concept and econometrics of production function, which was one of the central apparatus of neo-classical economics. It shows how the famous Cobb-Douglas production function was indeed invented by von Thunen and Wicksell, how the CES production...
Persistent link: https://www.econbiz.de/10005837317
experiencing the shortage of labour as indicated by higher marginal productivity of labour and increasing trend of mechanisation …
Persistent link: https://www.econbiz.de/10011260091