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This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …
Persistent link: https://www.econbiz.de/10003762854
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …
Persistent link: https://www.econbiz.de/10013316690
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …
Persistent link: https://www.econbiz.de/10014222613
Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests and conclude that modern intelligence tests provide one useful measure of human capital. Using a...
Persistent link: https://www.econbiz.de/10014071446
Two different approaches are used in this article to study productivity per employee: the determinants of its growth … shown to have a positive and significant effect on both growth rates and levels of productivity. This result is consistent … paper, the employment rate and productivity exhibit a significant negative relationship, arising from the concentration of …
Persistent link: https://www.econbiz.de/10014188048
, R&D investments, and productivity across 12 OECD economies and 17 manufacturing and service industries. Much of the … positive relationship between those cognitive skills and the labour productivity in a country-sector combination. The part of … the cross-country cross-sector variation in labour productivity that can be explained by human capital is remarkably large …
Persistent link: https://www.econbiz.de/10012966051
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 primal index of productivity change is introduced which decomposes exactly in three components: technical change … best linear approximation of the Orea (2002) translog productivity index (primal growth accounting). The existing proposals … for the primal productivity index are discussed in detail. An empirical illustration on real data is provided to show the …
Persistent link: https://www.econbiz.de/10013139552
Persistent link: https://www.econbiz.de/10001526366
Persistent link: https://www.econbiz.de/10009229869