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while there was an increase in the productivity of factor inputs during the 1990s, most of the growth in value added is … explained by growth in the use of factor inputs. We also find that median technical efficiency declined in all but one of the … industries between the two years, and change in technical efficiency explains a very small proportion in the change in gross …
Persistent link: https://www.econbiz.de/10010268573
efficiency (TE), technological change, and (both aggregated as overall index) on Total Factor Productivity (TFP). Given that the … technische Effizienz (TE), den technologischen Wandel und, als Aggregat, auf die totale Faktorproduktivität (TFP). Vorausgesetzt …
Persistent link: https://www.econbiz.de/10010299457
This paper presents an approach to identify aggregate price reset hazards from the joint dynamic behavior of inflation and macroeconomic aggregates. The identification is possible due to the fact that inflation is composed of current and past reset prices and that the composition depends on the...
Persistent link: https://www.econbiz.de/10010270709
This paper uses the Bayesian approach to solve and estimate a New Keynesian model augmented by a generalized Phillips curve, in which the shape of the price reset hazards can be identi…ed using aggregate data. My empirical result shows that a constant hazard function is easily rejected by the...
Persistent link: https://www.econbiz.de/10010270713
This paper introduces inventories in an otherwise standard Dynamic Stochastic General Equilibrium Model (DSGE) of the business cycle. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. The paper's main contribution is...
Persistent link: https://www.econbiz.de/10010281471
disaggregated only up to 10 sectors. Blanchard and Simon (2001) come to the same result. Using a new estimation method and more … this in order to get, for each observation period, an estimation of the covariance matrix of the sectoral growth rates …
Persistent link: https://www.econbiz.de/10010316043
We estimate a multi-sector sticky-price model for the U.S. economy in which the degree of price stickiness is allowed to vary across sectors. For this purpose, we use a specification that allows us to extract information about the underlying cross-sectional distribution from aggregate data....
Persistent link: https://www.econbiz.de/10010321241
calibrated model are also confirmed through Bayesian estimation. …
Persistent link: https://www.econbiz.de/10010322430
, however, there still is a large room for increasing productivity and efficiency to boost the agricultural potential of the … found in terms of policy effect on productivity and efficiency. The results of the analysis showed that direct subsidy … the improvement of agricultural infrastructure. This will influence positively not only productivity and efficiency, but …
Persistent link: https://www.econbiz.de/10011612527
Spezialisierung auf die Effizienz untersucht. Um die Auswirkungen der Reformen und die Veränderungen in den Agrarunternehmen zu … der durchschnittlichen Effizienz im Vergleich von 1993 zu 2000. Bei der Betrachtung der Einflussfaktoren auf die … technische Effizienz hat die Wahl der Rechtsform keinen Einfluss. Hingegen beeinflussen Betriebsgröße und Spezialisierung die …
Persistent link: https://www.econbiz.de/10010299452