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aggregate productivity growth. The framework is not derived from economic theory and it implies that productivity levels … determine the contribution from reallocation and firm turnover. In this paper, I outline an index for aggregate productivity … growth based on economic theory. In contrast to common beliefs, I show that the contribution from firm turnover to aggregate …
Persistent link: https://www.econbiz.de/10011968589
Aggregation of tangible capital assets across vintages and decomposition of value aggregates into quantities and prices are considered. Focus is on both capital stock values and capital service values. If the definitions and ways of measuring prices and quantities are not conformable, a third...
Persistent link: https://www.econbiz.de/10011968288
Regulatory authorities in the European electricity sector use benchmarking techniques to determine the cost-efficient production level for an incentive regulation of distribution system operators (DSOs). With nearly 900 DSOs operating in the German electricity sector, of which 200 subject to...
Persistent link: https://www.econbiz.de/10011583292
We propose a method to incorporate information from Dynamic Stochastic General Equilibrium (DSGE) models into Dynamic Factor Analysis. The method combines a procedure previously applied for Bayesian Vector Autoregressions and a Gibbs Sampling approach for Dynamic Factor Models. The factors in...
Persistent link: https://www.econbiz.de/10010316078
The Norwegian productivity puzzle is rooted in three seemingly contradictory "facts": First, Norway is one of the most … productive OECD countries. Second, Norway has experienced high growth in productivity. Third, Norway has a relatively low level … demonstrate that labour productivity in Norway is not particularly high when using production purchasing power parities instead of …
Persistent link: https://www.econbiz.de/10011968566
In this paper, I study the drop of real GDP volatility which has been observed in the United States during the postwar period. This paper thoroughly estimates how much sectoral shifts contributed to this phenomenon called the Great Moderation. In a short section, Stock and Watson (2003) find...
Persistent link: https://www.econbiz.de/10010316043
Supermarkets and high-value exports are currently gaining ground in the agri-food systems of many developing countries. While recent research has analyzed income effects in the small farm sector, impacts on farming efficiency have hardly been studied. Using a survey of Kenyan vegetable growers...
Persistent link: https://www.econbiz.de/10010329941
Some well-known correlations between R&D and performance are given a somewhat new interpretation in this paper. I present an alternative model of knowledge accumulation, with some interesting and desirable properties. Perhaps the most attractive property is that it provides a simple and less...
Persistent link: https://www.econbiz.de/10011967892
Empirical research has established that there is a significant, positive relationship between productivity growth and R …
Persistent link: https://www.econbiz.de/10011967905
Considering the observed patterns of R&D investment, we argue that a model which allows for a positive feedback from already acquired knowledge to the productiveness of current research, fits the empirical evidence better than the standard model that treats knowledge accumulation symmetrically...
Persistent link: https://www.econbiz.de/10011967956