Showing 1 - 10 of 60
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …
Persistent link: https://www.econbiz.de/10014024949
construct productivity accounts for two key sectors of the US economy: the Corporate Nonfinancial Sector (Sector 1) and the … price inflation rates, we provide alternative estimates for capital services and Total Factor Productivity growth for the …
Persistent link: https://www.econbiz.de/10012955209
Caves, Christensen, Diewert introduced Malmquist output, input and productivity indexes into production theory in a … systematic way. This paper revisits the debate on how to decompose Bjurek's concept of a Malmquist productivity index into … of the productivity decomposition are proven under relatively unrestrictive assumptions. The paper provides for the first …
Persistent link: https://www.econbiz.de/10013051762
Caves, Christensen, Diewert introduced Malmquist output, input and productivity indexes into production theory in a … systematic way. This paper revisits the debate on how to decompose Bjurek’s concept of a Malmquist productivity index into … of the productivity decomposition are proven under relatively unrestrictive assumptions. The paper provides for the first …
Persistent link: https://www.econbiz.de/10010791593
Diewert and Fox (2013) proposed decompositions of a Malmquist-type productivity index into explanatory factors, with a … unrestrictive regularity conditions, the paper develops a data envelopment type approach for decomposing productivity growth for a …
Persistent link: https://www.econbiz.de/10010743739
This paper explores the definitions and properties of total factor productivity growth (TFPG) indexes, focusing … measures, and price and quantity indexes are explored. Decompositions of the productivity growth indexes are also given. The …
Persistent link: https://www.econbiz.de/10013081074
The paper considers how to measure capital in a model where technical progress is either embodied in new units of capital or it is "disembodied" and simply causes the price of capital services to fall. The disembodied case is considered in sections 2-4. Sections 2 and 3 set out standard vintage...
Persistent link: https://www.econbiz.de/10004977094
The paper presents a decomposition of a production unit’s cost ratio over two periods into explanatory factors. The explanatory factors are growth in the unit’s cost efficiency, output growth, changes in input prices and technical progress. In order to implement the decomposition, an...
Persistent link: https://www.econbiz.de/10011077589
We define a class of bias problems that arise when purchasers shift their expenditures among sellers charging different prices for units of precisely defined and interchangeable product items that are nevertheless regarded as different for the purposes of price measurement. For...
Persistent link: https://www.econbiz.de/10010961576
There is policy interest in factoring productivity growth into technical progress and returns to scale components. Our …
Persistent link: https://www.econbiz.de/10009201013