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A considerable literature has focused on the determinants of total factor productivity (TFP), prompted by the empirical … representative consumer is summarized by current and anticipated future Solow productivity residuals. The equivalence holds for any … parametrically. This result justifies total factor productivity as the right summary measure of welfare, even in situations where it …
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: current and future total factor productivity and the capital stock per capita. These variables suffice to calculate welfare … production technology and the degree of market competition. It applies to open economies as well, if total factor productivity is … factor productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need …
Persistent link: https://www.econbiz.de/10012552130
This paper analyzes the scale and productivity consequences of varied input use in Indian manufacturing using detailed … inputs display higher productivity, with the effects mostly concentrated among smaller plants with fewer than 50 employees … a more modest link to productivity outcomes. …
Persistent link: https://www.econbiz.de/10012560766
entry rates and increases in plant productivity. These results are not present for districts located on another major …
Persistent link: https://www.econbiz.de/10012557988
This paper quantifies the misallocation of manufacturing output and factors of production between establishments across Indian districts during 1989-2010. It first distills a number of stylized facts about misallocation in India, and demonstrates the validity of misallocation metrics by...
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