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What have we learned about productivity in the past two decades? In this article, Andrew Sharpe from the Centre for the … Study of Living Standards reviews a recently published NBER volume entitled New Development in Productivity Analysis, edited … of productivity research. Key recent developments in productivity analysis, as evidenced by the volume, include the …
Persistent link: https://www.econbiz.de/10005157595
In this paper we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with unusually detailed information on the duration of training, the direct costs of training, and several firm characteristics such as their...
Persistent link: https://www.econbiz.de/10005822083
heterogeneity in productivity and factor prices symmetrically. The strength of the proposed estimator is illustrated by Monte Carlo …
Persistent link: https://www.econbiz.de/10005822822
In order to obtain plausible scenarios of economic development in Romania up to 2010-2015 horizon, the authors use a mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are used, a sustainability function model (for public...
Persistent link: https://www.econbiz.de/10005827575
This paper explores the use of information on the firm-level prices of the produced output and employed inputs, as well as on the firm-level demand relationship, to identify the parameters of the production function. By considering the system of equations which includes the demands for variable...
Persistent link: https://www.econbiz.de/10005835424
In order to obtain plausible scenarios of economic development in Romania up to the 2015 horizon, we used a mix of forecasting models, from ones classified as “medium-term” to those covering longer forecasting periods. Based on the analysis of the economic transition period we mainly used...
Persistent link: https://www.econbiz.de/10005835931
Agricultural credit plays an important role in enhancing the agricultural productivity in developing countries like …
Persistent link: https://www.econbiz.de/10005835954
the trend total factor productivity. We asses this approach by comparing it with two other multivariate methods mostly …
Persistent link: https://www.econbiz.de/10005836945
Mankiw, Romer and Weil (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This paper suggests an empirical procedure...
Persistent link: https://www.econbiz.de/10005837097
This paper gives an outline of evolution of the concept and econometrics of production function, which was one of the central apparatus of neo-classical economics. It shows how the famous Cobb-Douglas production function was indeed invented by von Thunen and Wicksell, how the CES production...
Persistent link: https://www.econbiz.de/10005837317