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impact on aggregate productivity. Especially capital misallocation has increased over time. The relatively high and rising …
Persistent link: https://www.econbiz.de/10012868455
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
Persistent link: https://www.econbiz.de/10011477079
A country's growth of output is identically equal to its ratio of investment to output and the productivity of … productivity of investment differs between countries. This paper converts a "new" growth theory regression equation into … productivity of investment equation which allows for the direct testing of the diminishing returns to capital hypothesis of …
Persistent link: https://www.econbiz.de/10011617404
This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...
Persistent link: https://www.econbiz.de/10014024240
church attendance and total factor productivity (TFP) with predictive causality running from declining church attendance to … increasing factor productivity. According to our preferred estimate, about 18% of the increase in TFP from 1950 to 1990 is caused …&D productivity is positively influenced by a reflective-analytical cognitive style, we find that secularization leads to an …
Persistent link: https://www.econbiz.de/10012988169
dataset of 10 ASEAN countries from 1980 to 2017, this study examines the productivity and efficiency of the ASEAN economies … productivity index to provide estimates of gross technical efficiency, technical progress and returns to scale change, while taking …
Persistent link: https://www.econbiz.de/10013179517
Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which …
Persistent link: https://www.econbiz.de/10012795772
productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock …. -- Total factor productivity ; Solow esidual ; generalized differences ; measurement error ; Malmquist index …
Persistent link: https://www.econbiz.de/10003770644
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
Persistent link: https://www.econbiz.de/10011378362
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
Persistent link: https://www.econbiz.de/10012976846