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Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon coun-tries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...
Persistent link: https://www.econbiz.de/10010343753
This book surveys the state-of-the-art in efficiency and productivity analysis, examining advances in the analytical … analytical techniques developed for efficiency analysis extend directly to productivity analysis, thereby providing alternative … methods for estimating productivity levels, and productivity change through time or productivity variation across producers …
Persistent link: https://www.econbiz.de/10012199294
on theoretical and empirical research in areas including productivity, production theory and efficiency measurement in … with Application to Highway Maintenance Costs in England -- Chapter 2. Alternative User Costs, Productivity and Inequality … in US Business Sectors -- Chapter 3. On the Allocation of Productivity Growth and the Determinants of US Income …
Persistent link: https://www.econbiz.de/10013334687
We show that TFP reacts counter-cyclically to macroeconomic shocks, which we identify by imposing sign restrictions. Counterfactual simulations, based on a New Keynesian DSGE model, show that firms manage to employ labor more efficiently during downturns, which leads to a muted drop in the...
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-- 1. Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics / Erik … Intelligence / Matt Taddy -- 3. Prediction, Judgment, and Complexity: A Theory of Decision-Making and Artificial Intelligence …
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-run restrictions on a VAR model to disentangle the effects of both shocks. We find that optimism shocks - in line with theory - reduce …
Persistent link: https://www.econbiz.de/10010342128
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