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Structural change is an important driver of productivity growth at the aggregate level. While previous productivity … to another. We develop an improved productivity decomposition that accounts for both intra-industry and inter … productivity to the industry level. The proposed decomposition is applied to Finland's information and communication technology …
Persistent link: https://www.econbiz.de/10014286016
-Output Database, we show that market share reallocation has a markedly larger effect on productivity change than innovation. … productivity gains. Contrary to previous work that neglects dependencies between suppliers in global value chains, we explicitly … account for input linkages that impact both channels of productivity improvement. Using sector-level data from the World Input …
Persistent link: https://www.econbiz.de/10013269723
This paper quantifies the impact of effective corporate tax rates on aggregate total factor productivity (TFP). Using …
Persistent link: https://www.econbiz.de/10012918522
This paper explores how stagnating real wages may have contributed to the slowdown of US productivity. Through shift …-share analysis, we find that after a sharp change in distribution against wages, some historically high-productivity sectors (like … manufacturing) switched towards slower productivity growth. This supports our hypothesis that the anemic growth of productivity may …
Persistent link: https://www.econbiz.de/10014077437
This paper addresses the empirical relationship between the level of competition and the rate of productivity growth … level of competition for each sector that is defined by the mark-up that maximizes the growth rate of labor productivity …. The information technologies Sectors have the highest mark-ups for maximizing productivity growth. The persistence of …
Persistent link: https://www.econbiz.de/10012153884
In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...
Persistent link: https://www.econbiz.de/10012446897
several methods to decompose total factor productivity growth into secular and unexpected components. All our empirical …
Persistent link: https://www.econbiz.de/10014220844
Aggregate productivity and aggregate technology are meaningful but distinct concepts. We show that a slightly modified … Solow productivity residual measures changes in economic welfare, even when productivity and technology differ because of …-technological gaps between productivity and technology, gaps reflecting imperfections and frictions in output and factor markets …
Persistent link: https://www.econbiz.de/10014029783
productivity (TFP) growth that range from -0.15 to -0.98 percentage points at their peak negative response. Cross …
Persistent link: https://www.econbiz.de/10013247327
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