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This is the first paper to directly measure and decompose total factor productivity growth (TFPG) for the Canadian life …
Persistent link: https://www.econbiz.de/10012472330
This paper develops a model of the production of life insurance services. The focus is on price setting ability and the cost advantages from size and diversity. The model characterizes insurers decisions on the face value and number of policies and the number of insurance lines. The model is...
Persistent link: https://www.econbiz.de/10012475003
Life insurers use reinsurance to move liabilities from regulated and rated companies that sell policies to shadow reinsurers, which are less regulated and unrated off-balance-sheet entities within the same insurance group. U.S. life insurance and annuity liabilities ceded to shadow reinsurers...
Persistent link: https://www.econbiz.de/10012459093
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which … incremental increases in the rate of productivity growth translate into incremental increases in the rate of growth of pay …
Persistent link: https://www.econbiz.de/10012794576
This paper discusses a portion of our work linking data on the agriculture sector in the United States and Canada. The … purpose of this work is to explore the evolution of gains in agricultural productivity in the two countries during the post …
Persistent link: https://www.econbiz.de/10012477315
the productivity growth slowdowns experienced by most industrialized countries during that decade.The contention is that … measured output. Thus conventional productivity measures will be biased downward when such regulations are imposed. In this …" capital and then use this framework to devleop an adjustment to nonparametric measures of productivity growth, purging them of …
Persistent link: https://www.econbiz.de/10012477316
correct for this source of productivity change would have led to a 31% under estimate of long-run TFP growth in Canada arid a …In this paper we calculate and analyze the automobile industries cost and productivity experience during the 1970 's in … Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of …
Persistent link: https://www.econbiz.de/10012477344
The MACE model of Canada employs a nested production structure in which there is a vintage bundle of capital and energy … structure, it is possible to attribute 30% of the decline in labour productivity between 1973 and 1982, relative to a steady … factor proportions, demand, and profitability in Canada were due to the changes in world oil prices and the parallel changes …
Persistent link: https://www.econbiz.de/10012477914
This paper investigates the relative performance of enterprises backed by government-sponsored venture capitalists and private venture capitalists. While previous studies focus mainly on investor returns, this paper focuses on a broader set of public policy objectives, including value-creation,...
Persistent link: https://www.econbiz.de/10012464618
We weigh into the debate about whether rising productivity is ever a consequence rather than a cause of exporting …. Exporting and investing to raise productivity are complimentary activities. For lower-productivity firms, incurring the fixed … foreign tariffs will induce these firms to simultaneously export and invest in productivity. In contrast, lower foreign …
Persistent link: https://www.econbiz.de/10012465353