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This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert … the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb … that in the Post-War period, disembodied productivity grew faster in the hard-to-measure than in the non-manufacturing easy …
Persistent link: https://www.econbiz.de/10013219321
productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … that both the wage and productivity profiles are rising but concave to the origin (consistent with profiles quadratic in … age), but the estimated relative wage profile is steeper than the relative productivity profile, consistent with models of …
Persistent link: https://www.econbiz.de/10013239185
Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models … aggregate productivity changes into several terms, each of which has an economic interpretation. However, many of these terms …
Persistent link: https://www.econbiz.de/10013212585
adjust traditional measures of multi factor productivity growth for variations in short-run utilization …
Persistent link: https://www.econbiz.de/10013145300
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013242934
model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … growth than the sum of the contributions of parent and affiliate employment, and materials; (2) productivity has boomed since … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …
Persistent link: https://www.econbiz.de/10013322112
productivity growth. The two major methods used in measuring productivity growth -- index number and econometric estimation …, infrastructure capital, allocative distortions, nature of the market structure and technological advancement on productivity growth … estimate the contribution of different inputs to productivity growth are described and the evaluation of the production process …
Persistent link: https://www.econbiz.de/10013230977
We assess the effects of land markets on misallocation and productivity by exploiting effective variation in land … increase agricultural productivity. Our evidence builds from an empirical difference-in-difference strategy and a calibrated … efficient operational scale, consistent with our theory. Further, counterfactual model experiments suggest that the land reform …
Persistent link: https://www.econbiz.de/10012943176
capital. This article discusses theory and evidence that suggest that this standard model is too simple to capture the labor …
Persistent link: https://www.econbiz.de/10013065644
. Second, density of physical capital in a city outside a plant has no effect on a plant's productivity. Third, most of the … productivity differences between cities with high and low levels of human capital match remarkably well differences in labor costs … equilibrium forces and spillovers, the productivity gains generated by human capital spillover are offset by increased labor costs …
Persistent link: https://www.econbiz.de/10013223308