Showing 1 - 10 of 2,595
In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US. …
Persistent link: https://www.econbiz.de/10011309213
While the output of a team is evident, the productivity of each team member is typically not readily identifiable. In … this paper we consider the problem of measuring the productivity of team members. We propose a new concept of coworker … productivity, which we refer to as eigenvalue productivity (EVP). We demonstrate the existence and uniqueness of our concept and …
Persistent link: https://www.econbiz.de/10011735918
these two facts by documenting (1) an important reallocation of production towards "hyper-productive plant" and (2) a …
Persistent link: https://www.econbiz.de/10011646840
This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...
Persistent link: https://www.econbiz.de/10009010519
We derive monthly and quarterly series of UK GDP for the inter-war period from a set of monthly indicators that were constructed by The Economist at the time. The monthly information is complemented with data for quarterly industrial production, allowing us to employ mixed-frequency methods to...
Persistent link: https://www.econbiz.de/10009307942
We study the impact of techies-engineers and other technically trained workers-on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …
Persistent link: https://www.econbiz.de/10014288151
This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...
Persistent link: https://www.econbiz.de/10003850276
of sectoral labor input and total factor productivity trend growth variation on the persistent decline in long-run output … growth. Our estimation reveals that sector-specific developments have historically accounted for half of this long …-term decline. Zooming into the reunification period, we find a pronounced decline of total factor productivity growth in …
Persistent link: https://www.econbiz.de/10014528208
Persistent link: https://www.econbiz.de/10003495711
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10012546895