Technical Progress in matching models of the labour market has not received serious attention. This article examines the impact on the results of these models when an attempt is made to allow time to enter in a realistic fashion, and finds that recently published results on the possibility of...

The purpose of this paper is to assess the contribution of each one of the major factors explaining Australian nominal GDP growth: technological change, movements in the terms of trade, increases in the endowments of labour and capital, and changes in domestic output prices. We use an index...

We extend Fox, Kohli, and Warren (2002) by using alternative techniques to re-examine the sources of New Zealand's macroeconomic performance during the period 1983-2001. Specifically, a modified Diewert-Morrison decomposition is used to quantify the separate contributions from productivity...

A firm may be different from other firms either in terms of the mix or scale of its input-output vector. This paper develops separate mix and scale measures of dissimilarity, and shows that these can be additively aggregated into a measure of absolute dissimilarity. The mix measure is...

Various methods for choosing the appropriate degree of 'augmentation' for augmented Dickey-Fuller tests are compared using Monte Carlo experiments. A commonly used method is found to result in very low power It is interesting that Humans try to find Meaningful Patterns in things that are...

In this paper, we measure the main factors explaining nominal output growth and deviations from trend output in Switzerland over the period 1980 to 2001. The decompositions are based on the GDP function and its dual, the national income function. The results indicate that whereas nominal output...