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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
sector that spans her entry into WTO. We find that productivity growth is among the highest compared to other countries. For … force and that firms experience large productivity declines before exiting from the sample. Overall, net entry contributes …We present the first comprehensive set of firm-level total factor productivity estimates for China's manufacturing …
Persistent link: https://www.econbiz.de/10013158016
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
Researchers interested in estimating productivity can choose from an array of methodologies, each with its strengths … evaluate three productivity debates using a panel of manufacturing plants in Colombia. The different methods generate … surprisingly similar results. Correlations between alternative productivity estimates are invariably high. All methods confirm that …
Persistent link: https://www.econbiz.de/10013220963
marginal productivity of different categories of workers with the wages they earn. Under certain conditions, the wage premiums … for worker characteristics should equal the productivity benefits associated with them. I find that equality holds …). Differences between wage and productivity premiums are most pronounced for characteristics that are clearly related to human …
Persistent link: https://www.econbiz.de/10013232462
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
International comparisons of the level of labor or total factor productivity have used exchange rates or purchasing … persistent, raising the need for disaggregate price measures to make disaggregate productivity comparisons. Sectoral differences …
Persistent link: https://www.econbiz.de/10013249181
Researchers interested in estimating productivity can choose from an array of methodologies, each with its strengths …, because fundamentally the objective of productivity measurement is to identify output differences that cannot be explained by … technology and erroneous assumptions on the evolution of unobserved productivity. Techniques to control for the endogeneity of …
Persistent link: https://www.econbiz.de/10013245328
decades. The data suggests that producing this increased variety of vehicles is associated with a productivity penalty. We … productivity, but they reduce the cost of producing greater variety. The results are robust to controlling for the endogeneity of …
Persistent link: https://www.econbiz.de/10013245741
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