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standard productivity measures. TFPQ performs poorly because of variation in product specifications across firms. Controlling … for specifications aligns TFPQ with lab benchmarks. We also collect quality metrics to construct quality productivity (the …-dimensional productivity, or capability. As quality productivity is negatively correlated with TFPQ, TFPR may perform better at capturing …
Persistent link: https://www.econbiz.de/10012479427
The present study is a contribution to the theory of the measurement of productivity growth. First, it examines the … welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index … of productivity growth rates of different sectors which uses current output weights. Second, it lays out a technique for …
Persistent link: https://www.econbiz.de/10012470634
While the output of a team is evident, the productivity of each team member is typically not readily identifiable. In … this paper we consider the problem of measuring the productivity of team members. We propose a new concept of coworker … productivity, which we refer to as eigenvalue productivity (EVP). We demonstrate the existence and uniqueness of our concept and …
Persistent link: https://www.econbiz.de/10011735918
Persistent link: https://www.econbiz.de/10012404241
How costly will rising temperature due to climate change be for the U.S. economy? Recent research has used the well-identified response of output to weather to estimate this cost. But agents may adapt to the new climate. We propose a methodology to infer adaptation technology from the...
Persistent link: https://www.econbiz.de/10012172522
Persistent link: https://www.econbiz.de/10012172894
productivity. Such overestimation can be decomposed into two distinct channels: one is from the mismeasured factor share, and the … aggregate productivity is large, growing over time, and exhibits strong countercyclicality. This implies that recessions are … more severe than previously thought, in the sense that the lease-adjusted productivity drops more. In the cross …
Persistent link: https://www.econbiz.de/10014078268
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …
Persistent link: https://www.econbiz.de/10014024949
productivity. Such overestimation can be decomposed into two distinct channels: one is from the mismeasured factor share, and the … aggregate productivity is large, growing over time, and exhibits strong countercyclicality. This implies that recessions are … more severe than previously thought, in the sense that the lease-adjusted productivity drops more. In the cross …
Persistent link: https://www.econbiz.de/10013491853
Persistent link: https://www.econbiz.de/10014295633