Showing 1 - 10 of 7,146
In this paper I provide an estimate of labor productivity growth for the electricity distribution sector in Latin … America, in the period 1994 to 2001. I report an annual rate of labor productivity change of about 6%. A comparison of the … changes in prices and labor productivity reveals that, in most cases, final prices to customers did not fall to reflect the …
Persistent link: https://www.econbiz.de/10011189199
The Malmquist productivity index has many attractive features. One is that it decomposes into a technical efficiency … bias index makes no contribution to productivity change. …
Persistent link: https://www.econbiz.de/10005077048
expenditures, innovation counts, and productivity figures. We find, among other things, the following: the pattern and nature of … in some sub-groups have had a greater impact on output and productivity than others and, moreover, the key players have … between technology shocks and employment, the role of technology in cross-country productivity differences, and the part …
Persistent link: https://www.econbiz.de/10005572559
This paper addresses normative exploitation of common renewable resources with changes in technology and technical, allocative, and scale efficiency that exacerbate the commons problem and externality. Their impact depends on the rate and nature of change, investment, and state of property...
Persistent link: https://www.econbiz.de/10011009916
The paper argues that a Cobb-Douglas specification may be a reasonable description of the Finnish aggregate production function when a sufficiently long time period (the 20th century) is considered. It is, however, a misleading description of the production technology for the post-WWII period....
Persistent link: https://www.econbiz.de/10005086971
Until the recent financial crisis, biology-based industries were some of the most rapidly growing sectors of the world economy—the biofuels business was booming, agriculture commodity prices were high, agricultural biotechnology firms were making record profits, and the pharmaceutical industry...
Persistent link: https://www.econbiz.de/10009294579
The economic value of upstream research outcomes has raised increasing attention. Not only are these outcomes central to the development of many innovations, but they are also the object of many transactions in technology. This note discusses a few representative papers that try to better...
Persistent link: https://www.econbiz.de/10010730054
This paper examines whether the sector bias of skill-biased technical change (SBTC) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of SBTC that determines SBTC’s...
Persistent link: https://www.econbiz.de/10005666753
Although the concept of national competitiveness is widely used by policy-makers at both the national and international levels, it has been the subject of severe criticism by Professor Krugman. He regards it as a meaningless concept and in the hands of naïve policy-makers 'a dangerous...
Persistent link: https://www.econbiz.de/10005783708
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10005762377