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) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10013131308
end-of-period stocks. We also derive measures of productivity and capacity utilization for the adopted modeling framework …
Persistent link: https://www.econbiz.de/10013139928
For the first four decades of its existence the U.S. nuclear power industry was run by regulated utilities, with most companies owning only one or two reactors. Beginning in the late 1990s electricity markets in many states were deregulated and almost half of the nation's 103 reactors were sold...
Persistent link: https://www.econbiz.de/10013121046
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills …
Persistent link: https://www.econbiz.de/10013064665
I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...
Persistent link: https://www.econbiz.de/10013066115
Within-industry differences in measured plant-level productivity are large. A large literature has been devoted to … classification and regression trees. We use our imputations and the Bureau's imputations to estimate within-industry productivity … dispersions. The results suggest that there is more within-industry productivity dispersion than previous research has indicated …
Persistent link: https://www.econbiz.de/10013066691
, profitability, and productivity growth. Asymmetric information generates agency costs of debt and signaling benefits of dividends … benefits contribute 4.2 percent to total factor productivity growth, while agency costs reduce efficiency by 3.3 percent. Thus …
Persistent link: https://www.econbiz.de/10012774849
.S. agricultural productivity using 1940-1970 historical weather data (mean and variation) as the norm. We have four major findings … a state's productivity. Third, the impacts of THI load shock and Oury index shock variables (deviations from historical … norm fluctuations) on productivity are more robust than the level of THI and Oury index variables across specifications …
Persistent link: https://www.econbiz.de/10012953514
The conventional wisdom in health economics is that idiosyncratic features of the healthcare sector leave little scope for market forces to allocate consumers to higher performance producers. However, we find robust evidence across a variety of conditions and performance measures that higher...
Persistent link: https://www.econbiz.de/10012936864
rates of total factor productivity in distinct consumption- and investment-goods-producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …
Persistent link: https://www.econbiz.de/10012759764