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Estimating Lost Output from Allocative Inefficiency, with an Application to Chile and Firing Costs
Petrin, Amil - 2016
We propose a new measure of allocative efficiency based on unrealized increases in aggregate productivity growth. We …
Persistent link: https://www.econbiz.de/10012977130
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Regulating Mismeasured Pollution : Implications of Firm Heterogeneity for Environmental Policy
Lyubich, Eva - 2018
This paper provides the first estimates of within-industry heterogeneity in energy and CO2 productivity for the entire … U.S. manufacturing sector. We measure energy and CO2 productivity as output per dollar energy input or per ton CO2 … emitted. Three findings emerge. First, within narrowly defined industries, heterogeneity in energy and CO2 productivity across …
Persistent link: https://www.econbiz.de/10012929555
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The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity : Some International Evidence
Baxter, Marianne; Farr, Dorsey - 2021
productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of … productivity using three proxies for capital services. We find that adjusting for cyclical movements in capital utilization alters … many of the empirical characteristics of productivity, both within and across countries …
Persistent link: https://www.econbiz.de/10013244882
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Parametric and Nonparametric Volatility Measurement
Andersen, Torben G.; Bollerslev, Tim; Diebold, Francis X. - 2022
categorizing the various volatility concepts, measurement procedures, and modeling procedures. We define three different volatility …
Persistent link: https://www.econbiz.de/10013324645
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Evaluating Estimates of Materials Offshoring from U.S. Manufacturing
Feenstra, Robert C. - 2012
When materials offshoring is measured by estimating imported intermediate inputs, a common assumption used is that an industry's imports of each input, relative to its total demand, is the same as the economy-wide imports relative to total demand: this is the so-called "import comparability" or...
Persistent link: https://www.econbiz.de/10013108915
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Measuring Market Power in U.S. Industry
Shapiro, Matthew D. - 2021
by the firm, from the cyclical behavior of productivity. To estimate the market elasticity, an instrumental variables … procedure exploiting a covariance restriction between productivity shocks and demand shocks is used. Results for broad sectors …
Persistent link: https://www.econbiz.de/10013219198
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Measuring Organization Capital
Atkeson, Andrew; Kehoe, Patrick J. - 2022
In the manufacturing sector of the U.S. economy, nearly 9% of output is not accounted for as payments to either physical capital or labor. The value of this output is a little larger than the value of the stock of physical capital. We build a model to measure how much of this output can be...
Persistent link: https://www.econbiz.de/10013322864
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The Agricultural Productivity Gap
Gollin, Douglas - 2013
productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask …
Persistent link: https://www.econbiz.de/10013073187
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Prices of High-Tech Products, Mismeasurement, and Pace of Innovation
Byrne, David M. - 2017
slow pace of labor productivity growth that has prevailed since the mid-2000s. Does that result indicate that … inferred from official statistics (and less rapid outside high-tech). These results deepen the productivity puzzle. If the pace … more puzzling that overall labor productivity growth has been so sluggish in recent years …
Persistent link: https://www.econbiz.de/10012957301
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Offshore Profit Shifting and Domestic Productivity Measurement
Guvenen, Fatih - 2017
shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Profit shifting increased in the …Beginning in 2004, official statistics display a slowdown in U.S. productivity growth. We show how offshore profit … mid- 1990s, resulting in lower measured productivity growth. We construct value added adjusted for profit shifting. The …
Persistent link: https://www.econbiz.de/10012958592