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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/10012470243
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and … productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops … useful supplement to existing data sets. Second, there has clearly been a rebound in labor-productivity growth in recent …
Persistent link: https://www.econbiz.de/10012470633
The present study is a contribution to the theory of the measurement of productivity growth. First, it examines the … welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index … of productivity growth rates of different sectors which uses current output weights. Second, it lays out a technique for …
Persistent link: https://www.econbiz.de/10012470634
empirically investigate the link between firms' choice of worker mix and the implied relationships between productivity and wages … observable characteristics. (ii) We find that new businesses exhibit even greater heterogeneity in earnings and productivity than … different for earnings and productivity, is consistent both with firms learning as they age and with the exit of mistake' prone …
Persistent link: https://www.econbiz.de/10012470737
wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across … productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising … dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low …
Persistent link: https://www.econbiz.de/10012471311
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and … it ignores the additional capital formation made possible by an increase in productivity and therefore understates … productivity's true importance. Our estimates suggest that the understatement may be quite large, and that one might better ask if …
Persistent link: https://www.econbiz.de/10012471341
these tasks are designed to be used by skilled workers, productivity in the LDCs will be low. Even when all countries have … factor productivity and output per worker. Our theory also suggests that productivity differences should be highest in medium … effect on the direction of technical change and on productivity differences …
Persistent link: https://www.econbiz.de/10012471932
efficiency-based productivity growth rates to exceed observed productivity growth in the slowdown period of 1974 - 1995 …
Persistent link: https://www.econbiz.de/10012471934
inefficient firms to exit. As a result, low cost entry and exit may help improve aggregate productivity by allowing for the rapid … the Taiwanese Census of Manufactures for 1981, 1986, and 1991, we measure differences in total factor productivity among … entering, exiting, and continuing firms, and quantify the contribution of firm turnover to industry productivity improvements …
Persistent link: https://www.econbiz.de/10012472577
sources of the growth of output, labor productivity, and total factor productivity. The results show that resource …
Persistent link: https://www.econbiz.de/10012473353