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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
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/10013308753
The aim of this paper is to quantify the role of formal-sector institutions in shaping the demand for human capital and the level of informality. We propose a firm dynamics model where firms face capital market imperfections and costs of operating in the formal sector. Formal firms have a larger...
Persistent link: https://www.econbiz.de/10013056102
Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of … Knowledge-Based Capital (KBC), despite having a positive effect on productivity at the micro level, is a driver of the weak … productivity performance at the aggregate level, by accentuating divergence between a group of "frontier" firms and the rest of the …
Persistent link: https://www.econbiz.de/10012215260
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
Persistent link: https://www.econbiz.de/10010517237
Persistent link: https://www.econbiz.de/10009753996
Persistent link: https://www.econbiz.de/10009697841