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Although a number of studies have demonstrated the importance of the degree of factor utilization in economic analysis, the impact of the durations of utilization in a production function remains largely unknown, particularly in terms of the duration of equipment utilization. Using French data...
Persistent link: https://www.econbiz.de/10005808313
This study has two aspects. First, the author examines the theoretical properties of the constant elasticity of substitution (CES) production function and the implications of this formulation for the properties of a structural macroeconomic model. He then seeks to determine whether Canadian...
Persistent link: https://www.econbiz.de/10005162482
Using French data on industrial firms over the period 1989-2001, the authors estimate a "flexible" Translog production function that accounts for the volumes and durations of factor utilization. They draw on the framework proposed by Blundell and Bond (2000), assuming that serially correlated...
Persistent link: https://www.econbiz.de/10005536880
Trend productivity growth is a crucial determinant of future living standards as well as fiscal balances. In this … article, Benoit Robidoux and Bing-Sun Wong from Finance Canada examine the issue of whether trend productivity growth has … authors find that Canada experienced a greater pick-up in total factor productivity growth than the United States. Increased …
Persistent link: https://www.econbiz.de/10005292740
Dirk Pilat and Paul Schreyer of the OECD discuss the new OECD Productivity Database. The database covers 26 OECD … countries for labour productivity estimates, as well as 14 countries for multifactor productivity estimates. While the database … represents the most comparable productivity estimates that are currently available for cross-OECD comparisons, the authors also …
Persistent link: https://www.econbiz.de/10005292742
What have we learned about productivity in the past two decades? In this article, Andrew Sharpe from the Centre for the … Study of Living Standards reviews a recently published NBER volume entitled New Development in Productivity Analysis, edited … of productivity research. Key recent developments in productivity analysis, as evidenced by the volume, include the …
Persistent link: https://www.econbiz.de/10005157595
Since 1995, productivity growth has accelerated significantly in the United States. Information technology has always … investments in information technology (IT) in the early 1990s show the largest productivity gains in the late 1990s and that IT … capital investment has a large impact of productivity gains. His evidence also supports the view that the U.S. productivity …
Persistent link: https://www.econbiz.de/10005481855
Innovation is widely recognized as a key ingredient of productivity success. This article by Someshwar Rao, Ashfaq … positive relationship between measures of fundamental innovation, labour productivity and GDP per capita across OECD countries …
Persistent link: https://www.econbiz.de/10005481859
International productivity comparisons have traditionally focused on productivity growth rates. International … productivity level comparisons are much more complex, requiring comparable industry data and estimates of purchasing power at a … detailed industry level. The International Comparisons of Output and Productivity (ICOP) project established at the University …
Persistent link: https://www.econbiz.de/10005481863
This seventh issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards … capital accumulation on productivity growth in Canada, differences between Gross Domestic Product and Net Domestic Product …, future productivity growth in Canada, and the OECD growth study. …
Persistent link: https://www.econbiz.de/10005650225