Narrow search
Showing 1 - 10 of 193
Cover Image
Solow Residuals without Capital Stocks
Burda, Michael C.; Severgnini, Battista - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008
For more than fifty years, the Solow decomposition (Solow 1957) has served as the standard measurement of total factor productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock is poorly measured. Using synthetic data...
Persistent link: https://www.econbiz.de/10005860524
Cover Image
Productivity, Welfare and Reallocation:Theory and Firm-Level Evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio - Boston College / Department of Economics - 2010
We prove that in a closed economy without distortionary taxation, the welfare of a representativeconsumer is summarized to a …rst order by the current and expected future values of the Solowproductivity residual in level and by the initial endowment of capital. The equivalence holds if...
Persistent link: https://www.econbiz.de/10009302538
Cover Image
Technical Change and Total Factor Productivity Growth:The Case of Chinese Provinces
Heshmati, Almas; Kumbhakar, Subal - Institut zur Zukunft der Arbeit <Bonn> - 2010
In the literature technical change is mostly assumed to be exogenous and specified as afunction of time. However, some exogenous external factors other than time can also affecttechnical change. In this paper we model technical change via time trend (purely externalnon-economic) as well as other...
Persistent link: https://www.econbiz.de/10009360600
Cover Image
Productivity, Welfare and Reallocation:Theory and Firm-Level Evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - Institut zur Zukunft der Arbeit <Bonn> - 2009
We prove that the change in welfare of a representative consumer is summarized by thecurrent and expected future values of the standard Solow productivity residual. Theequivalence holds if the representative household maximizes utility while taking pricesparametrically. This result justifies TFP...
Persistent link: https://www.econbiz.de/10009360614
Cover Image
The NAFTA Tide: Lifting the Larger and Better Boats
Calderon-Madrid, Angel; Voicu, Alexandru - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
We use panel data on Mexican manufacturing plants to study the connection between plants´responses to changes in the economic environment and their contributions to aggregateproductivity growth in the period following the implementation of the North American TradeAgreement (NAFTA)...
Persistent link: https://www.econbiz.de/10005861180
Cover Image
Human Capital, Economic Growth, and Regional Inequality in China
Fleisher, Belton M.; Li, Haizheng; Zhao, Min Qiang - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth patterns can be understood as a function of several interrelated factors, which include investment in physical capital, human capital, and infrastructure capital...
Persistent link: https://www.econbiz.de/10005859544
Cover Image
Human Capital, Economic Growth, and RegionalInequality in China
Fleisher, Belton M.; Li, Haizheng; Min Qiang Zhao - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
We study the dispersion in rates of provincial economic- and TFP growth in China. Ourresults show that regional growth patterns can be understood as a function of severalinterrelated factors, which include investment in physical capital, human capital, andinfrastructure capital; the infusion of...
Persistent link: https://www.econbiz.de/10005863121
Cover Image
Education, Market Rigidities and Growth
Aghion, Philippe; Askenazy, Philippe; Bourlès, Renaud; … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This note investigates the effects of the education level, product market rigidities andemployment protection legislation on growth. It exploits macro-panel data for OECDcountries...
Persistent link: https://www.econbiz.de/10005861411
Cover Image
An Empirical Assessment of Assortative Matchingin the Labor Market
Mendes, Rute; Berg, Gerard J. van den; Lindeboom, Maarten - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
In labor markets with worker and firm heterogeneity, the matching between firms and workersmay be assortative, meaning that the most productive workers and firms team up. Weinvestigate this with longitudinal population-wide matched employer-employee data fromPortugal...
Persistent link: https://www.econbiz.de/10005861854
Cover Image
Is Information and CommunicationTechnology (ICT) the Right Strategyfor Growth in Mexiko?
Caudillo Sanchez, Francisco - Technische Universität <Freiberg> - 2006
Although empirical evidence available suggests that information and communication technologies (ICT) have positively … contributed to important sectors of the Mexican economy, it is still unknown to which extent ICT have truly contributed to … productivity among these sectors. The increasing implementation and imports of ICT technologies, the growing demand for ICT …
Persistent link: https://www.econbiz.de/10005864124