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Persistent link: https://www.econbiz.de/10009403644
Changes in productivity are usually associated With technology At the firm level, this is a natural way to think about … productivity. However, in aggregate analysis, measures of productivity can change even when technology does not The measures change … affect farm-sector productivity The productivity of the farm sector is partly a function of structure …
Persistent link: https://www.econbiz.de/10010919390
This paper is about the relation between output and productivity measures for individual production units and those for …
Persistent link: https://www.econbiz.de/10010837568
Persistent link: https://www.econbiz.de/10010866000
Aggregation of productivity indices is known to be consistent under very restrictive conditions only. This paper … quantifies the aggregation inconsistency. Copyright Springer Science+Business Media, Inc. 2005 …
Persistent link: https://www.econbiz.de/10005711794
It is an established fact that firms, even within narrowly defined industries, differ with respect to productivity. In … this paper we analyse how observed heterogeneity in productivity is affected by endogenous producer behaviour, and to what … extent shifts in firm specific productivity parameters will affect aggregate industry productivity. We find that endogenous …
Persistent link: https://www.econbiz.de/10004980555
This paper studies how productivity shifts at the level of the firm are transmitted to aggregate industry productivity … in a model of heterogeneous firms. We analyse both uniform productivity shifts, and catching up by reducing the … productivity differentials between firms. The two kinds of shifts affect aggregate productivity in different ways and through …
Persistent link: https://www.econbiz.de/10004980781
We derive a consistent system of industry and economy-wide measures of TFP growth based on weaker assumptions than used in the literature so far. We allow different industries to pay different prices for the same product. These price differences are not assumed to cancel out at the economy-wide...
Persistent link: https://www.econbiz.de/10005637695
Measured total factor productivity often declines sharply during financial crises. In 1982, the Chilean manufacturing … derive the appropriate measure of aggregate productivity to which it should be compared. Across specifications, within …
Persistent link: https://www.econbiz.de/10010600538
increase in aggregate total factor productivity (TFP). This paper attempts to explain these facts by modeling the creation and … destruction of jobs in the presence of heterogeneity in firm productivity and frictional credit and labor markets. The aggregate … level of TFP is determined by both the underlying distribution of firm productivity and the structures of the credit and …
Persistent link: https://www.econbiz.de/10010665752