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External Capital Factors and Increasing Returns in U.S. Manufacturing

Morrison Paul, Catherine J.; Siegel, Donald S. - 1998

Theoretical models of endogenous growth identify capital accumulation and returns as a potential stimulus to economic growth. Existing empirical studies, however, are based on a limited notion of these returns, which follows from the simple production function framework used for estimation. The...

Persistent link: https://www.econbiz.de/10014064040

Estimating productivity when primal and dual TFP accounting fail : an illustration using Singapore's industries

Kee, Hiau Looi (contributor) - In: Topics in economic analysis & policy 4 (2004) 1

Persistent link: https://www.econbiz.de/10002458247

Deep dynamics

Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2018

Combining micro and macro data, we construct demand-side shocks, which we take to be exogenous for individual firms. We estimate a reduced-form model to describe how firms adjust their production, employment, capital stock, and inventories in response to such shocks. Then, we chose the...

Persistent link: https://www.econbiz.de/10011867639

Returns to Scale in U.S. Production : Estimates and Implications

Basu, Susanto; Fernald, John G. - 1997

A typical (roughly) two-digit industry in the United States appears to have constant or slightly decreasing returns to scale. Three puzzles emerge, however. First, estimates often rise at higher levels of aggregation. Second, apparent decreasing returns contradicts evidence of only small...

Persistent link: https://www.econbiz.de/10014031071

Is Technical Progress Sectorally Concentrated? An Empirical Analysis for Western European Countries

Schiersch, Alexander; Belitz, Heike; Gornig, Martin - 2012

Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon countries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...

Persistent link: https://www.econbiz.de/10014040462

An Improved Productivity Decomposition Approach to Understand Firm Dynamics and Aggregate Growth

Breunig, Robert V.; Wong, Marn-Heong - 2008

We propose a new decomposition method for analysing aggregate productivity changes. The main improvement in our … proposed method is that we are clearly able to separate out pure productivity changes of a hypothetical average firm from … up firm-level contributions to aggregate productivity growth. It also allows for straightforward interpretation of the …

Persistent link: https://www.econbiz.de/10014217148

Is technical progress sectorally concentrated? : an empirical analysis for Western European countries ; conference paper

Schiersch, Alexander; Gornig, Martin; Belitz, Heike - 2013

Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon coun-tries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...

Persistent link: https://www.econbiz.de/10010343753

Is technical progress sectorally concentrated? : an empirical analysis for Western European countries

Schiersch, Alexander; Belitz, Heike; Gornig, Martin - 2012

technological progress is much more evenly distributed across sectors than TFP. -- Total Factor Productivity ; Generalized Malmquist … Productivity Index ; sectoral technical change …

Persistent link: https://www.econbiz.de/10009579300

Radar scanning the world production frontier

Krüger, Jens - 2015

nonparametrically computed productivity measures to scan the frontier shifts across the entire input-output space. The shifts of the …

Persistent link: https://www.econbiz.de/10010527200

The illusions of calculating total factor productivity and testing growth models from Cobb-Douglas to Solow and Romer

Felipe, Jesus; McCombie, John S. L. - 2019

literature: (i) finding the Holy Grail: total factor productivity is, by construction, a weighted average of dollars per worker …

Persistent link: https://www.econbiz.de/10012118296