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Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which … economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the … idea that it is possible to separate out the relative contribution to economic output of labor, capital, and technology …
Persistent link: https://www.econbiz.de/10012795772
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …
Persistent link: https://www.econbiz.de/10014024949
The present paper analyzes the impacts of total labor productivity and efficiency in Oman State. As a Gulf state it has … industries relative to abundant fishing potentials, labor productivity and technical changes in addition to available capital are …
Persistent link: https://www.econbiz.de/10014172608
productivity. Using econometric modelling and input-output economics, the analysis examines and measures the extent to which … telecommunications has contributed to national and sectoral productivity performance. The main findings from this paper suggests that … most industries have benefited from the incorporation of advances of telecommunications technology, which might have …
Persistent link: https://www.econbiz.de/10014030186
of production and correlations with technical changes are measured by Total Factor Productivity as an expression of … Technical Efficiency to assess Total Factor Productivity …
Persistent link: https://www.econbiz.de/10013110272
productivity growth ; technology indicator ; technology shifter ; OECD countries … call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are …
Persistent link: https://www.econbiz.de/10009425734
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of … the traditional production model where technology is represented by a time trend. TFP growth is decomposed into … unobservable technical change, scale economies and observable technology shifter index components. The empirical results are based …
Persistent link: https://www.econbiz.de/10011595871
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of … the traditional production model where technology is represented by a time trend. TFP growth is decomposed into … unobservable technical change, scale economies and observable technology shifter index components. The empirical results are based …
Persistent link: https://www.econbiz.de/10012098960
The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors … identify areas for further research. -- Productivity …
Persistent link: https://www.econbiz.de/10003727257
Labor productivity (LP) in the United States has gone from being procyclical to acyclical since the mid-1980s. Using … industry-level data, this paper first shows that total factor productivity (TFP), which is LP net of capital deepening, has … reasons for the change in the cyclicality of productivity. By decomposing TFP into technical change and input utilization, it …
Persistent link: https://www.econbiz.de/10010490366