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I speculate that technological spillover effects may have become more important over time as IT penetrated the U.S. economy. The rationale is that IT may speed up the process of knowledge transfer and make these knowledge spillovers more effective. Using US input-output tables for years 1958,...
Persistent link: https://www.econbiz.de/10013068477
This paper examines the impact of the operations of foreign-owned multinational firms on the productivity growth of …-owned firms affects the productivity of local firms in that sector and whether there is any evidence of convergence between that … industry's productivity level and that of the United States. The main results can be summarized as follows: First, productivity …
Persistent link: https://www.econbiz.de/10013217612
and productivity for changes in a country's terms of trade. We apply this procedure to a comparison of two major …
Persistent link: https://www.econbiz.de/10013218834
In this paper we report results of an empirical assessment of the cost reducing impacts of recent dramatic increases in stocks of "high-tech" office and information technology equipment (0) using annual data from various two digit US manufacturing industries over the 1952-1986 time period. While...
Persistent link: https://www.econbiz.de/10013233030
Typically measures of multifactor productivity growth have been based on a production and optimization framework that … utilization indexes, and on the adjustment of observed productivity measures for the effects of short run fixity characterized by … capacity utilization adjustments for productivity growth measures. The resulting framework is then used to identify empirically …
Persistent link: https://www.econbiz.de/10013234394
The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …
Persistent link: https://www.econbiz.de/10013240940
Measures of productivity growth typically include in the Productivity "residual" the impacts of subequilibrium from … productivity growth can be attributed to production characteristics other than technical change, particularly scale economies …
Persistent link: https://www.econbiz.de/10013213436
utilization and productivity growth within an integrated structural model, and to assess their interactions empirically using … annual two-digit U.S. manufacturing data. Attention is focused on error biases in measuring productivity using traditional … equal, the error biases in standard productivity growth measures resulting from input fixity and scale economies are …
Persistent link: https://www.econbiz.de/10013244088
is positively related to industry productivity growth. The effects are very modest -- adding at most 0.07 percentage … points to annual labor productivity growth …
Persistent link: https://www.econbiz.de/10013313640
the productivity growth slowdowns experienced by most industrialized countries during that decade.The contention is that … measured output. Thus conventional productivity measures will be biased downward when such regulations are imposed. In this …" capital and then use this framework to devleop an adjustment to nonparametric measures of productivity growth, purging them of …
Persistent link: https://www.econbiz.de/10013231224