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values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10011394520
productivity (TFP) at the industry level during the period extending from the early 1960's to the mid-1970's. The data base …-Penn-SRI manufacturing data file. A hypothesis suggested by previous research on the R&D-productivity relationship is that, due, perhaps, to … recent years. Our findings indicate, however, that the relationship between an industry's R&D-intensity and its productivity …
Persistent link: https://www.econbiz.de/10012478261
is an important determinant of earnings and thus of labor productivity, holding constant employee at-tributes such as age … for estimation of the marginal productivity of workers classified by length of service to the firm, i.e., of the tenure-productivity … changes in labor turnover behavior) on manufacturing productivity performance …
Persistent link: https://www.econbiz.de/10012478450
summarized to a first order by the current and expected future values of the Solow productivity residual in level and by the …
Persistent link: https://www.econbiz.de/10012463070
We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...
Persistent link: https://www.econbiz.de/10012468688
manufacturing productivity growth. Other research has suggested that, over the long run, growth in the U.S. economy's 'health output …
Persistent link: https://www.econbiz.de/10012469354
Measured productivity growth increased substantially during the second half of the 1990s. This paper examines whether … productivity growth does appear to arise from an increase in technological change. Cyclical utilization raised measured … productivity growth relative to technology growth in the first part of the expansion, but lowered it subsequently. Factor …
Persistent link: https://www.econbiz.de/10012470361
Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …
Persistent link: https://www.econbiz.de/10012470796
In this paper, we derive and estimate relationships governing variable utilization of capital and labor for a firm solving a dynamic cost-minimization problem. Our method allows for (i) imperfect competition, (ii) increasing returns to scale, (iii) unobserved changes in utilization, (iv)...
Persistent link: https://www.econbiz.de/10012472909
This paper examines trends in computer usage and the effect on productivity growth for a sample of federal government … Computer Productivity Paradox as it applies to the public sector. Computers do not appear to be responsible for the … disappointing productivity performance of the service sector. Although the magnitude of our estimated elasticity suggests that the …
Persistent link: https://www.econbiz.de/10012473229