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within-industry firm heterogeneity. We find that firm size, capital intensity, distance to the industry technology frontier …
Persistent link: https://www.econbiz.de/10011377461
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...
Persistent link: https://www.econbiz.de/10011378362
This paper presents results of a meta-regression analysis on empirical estimates of capital-energy substitution … capital-energy substitution, they are almost entirely outweighed by the negative income effect brought about by energy price … pattern does not hold. Our findings therefore suggest that actual changes in the demand for capital due to energy price …
Persistent link: https://www.econbiz.de/10011349193
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A foundation is provided for a correct and accurate analysis of the relationship between monetary values and physical dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a classification is offered of various types of...
Persistent link: https://www.econbiz.de/10011284067
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...
Persistent link: https://www.econbiz.de/10011337999
Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts increasing and become positive after a (quite a) few years...
Persistent link: https://www.econbiz.de/10011346474
This paper concentrates on negatively skewed one-sided distributions as an explanation of the occurrence of positive (negative) skewness in the case of stochastic production (cost) frontieranalysis. It takes as example the binomial distribution that can have negative or positive skewand derives...
Persistent link: https://www.econbiz.de/10011326413