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In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10009425734
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The paper presents empirical analysis of a panel of countries to estimate an agricultural production function using a measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where implemented technology is chosen jointly with inputs to...
Persistent link: https://www.econbiz.de/10010521223
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The ratio definition of efficiency has the form of a productivity measure. But the weights are endogenous variables and they do not function as weights in a productivity index proper. It is shown that extended Farrell measures of efficiency can all be given an interpretation as productivity...
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comprehensive assessment of the factor bias of technological change using panel data from the World Input-Output Database (WIOD) for … 25 EU countries from 1995 to 2009. We measure the bias with respect to the inputs capital, energy, non-energy materials … duality of production theory is applied. Estimating the system of cost share equations derived from a translog cost function …
Persistent link: https://www.econbiz.de/10011340224
This paper uses normalized constant elasticity of substitution production functions to estimate the elasticity of substitution and labour-augmenting technical change in South Africa over the period 1994-2012. We find elasticities of 0.6-0.9 and positive labour-augmenting technical change, which...
Persistent link: https://www.econbiz.de/10011345030
In this paper we report the results from a detailed investigation of the shifts of the world production frontier function over the period 1980-2010. Analogous to a radar we implement a novel measurement approach for these shifts using nonparametrically computed productivity measures to scan the...
Persistent link: https://www.econbiz.de/10010527200