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production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the …
Persistent link: https://www.econbiz.de/10011374993
production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the …
Persistent link: https://www.econbiz.de/10010427670
production function with Kaldor’s technical progress function while maintaining a marginalist theory of factor prices in the …
Persistent link: https://www.econbiz.de/10010427671
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...
Persistent link: https://www.econbiz.de/10010325710
In this work, inspired by Winter (2006), in fact of vintage 1968, we discuss the relation between three different levels of analysis of technologies, namely as (i) bodies of problem-solving knowledge, (ii) organizational procedures, and (iii) input-output relations. We begin by arguing that the...
Persistent link: https://www.econbiz.de/10010328440
This paper proposes a general formulation of a nonparametric frontier model introducingexternal environmental factors that might influence the production process butare neither inputs nor outputs under the control of the producer. A representation isproposed in terms of a probabilistic model...
Persistent link: https://www.econbiz.de/10010328662
Top-down computable general equilibrium (CGE) models are used extensively for analysis of energy and climate policies. Energy-intensive industries are usually represented in top-down economic models as abstract economic production functions, of the constant-elasticity-ofsubstitution (CES)...
Persistent link: https://www.econbiz.de/10010324239
Recent econometric analyses of growth in industrialized countries reveal that energy?s elasticity of production systematically exceeds its factor cost share, whereas for labor the opposite holds. The paper reviews these analyses that reflect the observed direction of technological change towards...
Persistent link: https://www.econbiz.de/10010263196
A detailed decomposition of the sources of the Total Factor Productivity (TFP) growth index within an output distance function framework was carried out, looking at the following components: technical change, change in technical efficiency, scale component, and violations of the profit...
Persistent link: https://www.econbiz.de/10010297110
theory are robust across the approaches. Several versions of the productions function approach and structural VAR models are …
Persistent link: https://www.econbiz.de/10010321718