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Corporate Taxes and Incentives and the Structure of Production : a Selected Survey

Bernstein, Jeffrey I. - 2010

In this paper we develop a general intertemporal model of production, emphasizing the role of present and expected future corporate income taxes, credits and allowances along with costly adjustment and variable utilization of the quasi-fixed factors. Three specific issues are considered: 1) the...

Persistent link: https://www.econbiz.de/10013140072

The Importance of Education and Skill Development for Economic Growth in the Information Era

Hulten, Charles R. - 2017

information technology and the emergence of the “knowledge economy”, or with the increase in educational attainment and the growth … than the neoclassical production function, as the technology underlying economic growth. An important feature of this … activity-based technology is that labor and capital are strong complements, and both inputs are therefore necessary for the …

Persistent link: https://www.econbiz.de/10012940803

The Incidence and Efficiency Costs of Corporate Taxation When Corporate and Noncorporate Firms Produce the Same Good

Gravelle, Jane - 2010

This year marks the twenty-fifth anniversary of Arnold Harberger's celebrated model of the corporation income tax. While the model has been enormously useful as an analytical device for studying two sector economies, its usefulness for understanding the incidence and excess burden of the...

Persistent link: https://www.econbiz.de/10012760229

On the Theory of Productive Saving

Ehrlich, Isaac - 2010

The central thesis of this paper is that the management of portfolios incorporating a variety of investment assets does require the use of time and other scarce resources in searching for, collecting, interpreting, and applying relevant information. Accordingly, the returns on these assets would...

Persistent link: https://www.econbiz.de/10012763226

Rethinking Production Under Uncertainty

Cochrane, John H. - 2019

of nature. I investigate a representation of technology that allows firms to transform output from one state to another …

Persistent link: https://www.econbiz.de/10012858030

The Learning Curve and Optimal Production Under Uncertainty

Majd, Saman; Pindyck, Robert S. - 2021

This paper examines the implications of the learning curve in a world of uncertainty. We consider a competitive firm whose costs decline with cumulative output. Because the price of the firm's output evolves stochastically, future production and cumulative output are unknown, and are contingent...

Persistent link: https://www.econbiz.de/10013216125

Markup Behavior in Durable and Nondurable Manufacturing : A Production Theory Approach

Morrison Paul, Catherine J. - 2021

In this paper I provide a production theory-based framework for measuring markups of price over marginal coat, and the effects of cost and demand characteristics on these markups. Price to marginal coat ratios are measured for various Canadian manufacturing industries, and the impacts of...

Persistent link: https://www.econbiz.de/10013219311

Export Supply and Import Demand Functions : a Production Theory Approach

Diewert, W. Erwin - 2021

In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S. economy from 1967-1982. A producer theoretic approach based on duality theory is used to derive econometric systems of producer supply and demand functions that are consistent with...

Persistent link: https://www.econbiz.de/10013221104

Measuring Aggregate Productivity Growth Using Plant-Level Data

Petrin, Amil; Levinsohn, James A. - 2021

We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost of primary inputs. We show how to aggregate plant-level data to this measure and how to use plant-level data to decompose our measure into technical efficiency and reallocation...

Persistent link: https://www.econbiz.de/10013222069

Economic Development as Self-Discovery

Hausmann, Ricardo; Rodrik, Dani - 2021

In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...

Persistent link: https://www.econbiz.de/10013223051