Showing 1 - 10 of 3,955
conceptual challenges in delineating what precisely qualifies as rent, intellectual or otherwise. In place of static conceptions … of rent and intellectual monopoly, we develop a dynamic framework for analyzing the processes of rentierization and …
Persistent link: https://www.econbiz.de/10014282349
This paper evaluates the contribution of allocative efficiency to the aggregate productivity growth in Canada and the US. In particular, we are interested in explaining two puzzling facts: 1) the slowdown in productivity growth during the 1970s and the 2000s in the US, and 2) the widening...
Persistent link: https://www.econbiz.de/10012619608
This paper shows that, counter-intuitively, a higher elasticity of substitution in model production function can lead … to reduced economic resilience and larger vulnerability to shocks in production factor prices. This result is due to the … fact that assuming a higher elasticity of substitution requires a recalibration of the production function parameters to …
Persistent link: https://www.econbiz.de/10010279458
inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs … production process and the definition of labor input as the product of employment and effective hours worked per worker. …
Persistent link: https://www.econbiz.de/10010262792
to the introduction and estimation of two-stage nested translog possibility production frontiers, the otherwise huge …
Persistent link: https://www.econbiz.de/10010264965
This paper examines the impact of demographic change on production today and in 2020. For the estimation a translog … production function is used. The results show a mostly divergent development. It is shown that there is a strong centre …
Persistent link: https://www.econbiz.de/10010265896
This article presents three methods to estimate the logarithm of monthly real GDP in Mexico from the Global Indicator of Economic Activity (IGAE): (1) a deterministic approach using the IGAE growth rate; (2) an extension of Denton method; and, (3) the Kalman filter. In these methods the monthly...
Persistent link: https://www.econbiz.de/10010322584
This paper presents results of a meta-regression analysis on empirical estimates of capital-energy substitution. Theoretically it is clear that a distinction should be made between Morishima substitution elasticities and cross-price elasticities. The former represent purely technical...
Persistent link: https://www.econbiz.de/10010325225
survey of his contributions is presented. The main focus in the paper is on his growth - production program constituting an …
Persistent link: https://www.econbiz.de/10010330229
We document and dissect a new stylized fact about firm growth: the shift from labor to intermediate inputs. This shift occurs in input quantities, cost and output shares, and output elasticities. We establish this fact using German firm-level data and replicate it in administrative firm data...
Persistent link: https://www.econbiz.de/10015165593