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productivity change. The model implies that (i) the so-far untreated effect stems from firms' planned efficiency responses to the … competitive environment and that (ii) a suit-able proxy to productivity is investment interacted with a sector-level competition …-effects estimation and remedying commonly suspected biases. Whereas productivity change is measured consistently, scale economies are not …
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A detailed decomposition of the sources of the Total Factor Productivity (TFP) growth index within an output distance …
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"This paper proposes an aggregative model of Total Factor Productivity (TFP) in the spirit of Houthakker (1955 …
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