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Persistent link: https://www.econbiz.de/10001656621
What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … in a general equilibrium model of establishment productivity where the distribution of productivity is characterized in … productivity improvement thereby altering the productivity distribution and equilibrium prices (dynamic effect), further lowering …
Persistent link: https://www.econbiz.de/10012957990
For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non-­neutral technology proposed by McGrattan & Prescott (2010)...
Persistent link: https://www.econbiz.de/10012961605
We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for...
Persistent link: https://www.econbiz.de/10012760197
We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for...
Persistent link: https://www.econbiz.de/10012465637
Persistent link: https://www.econbiz.de/10011966125
Persistent link: https://www.econbiz.de/10011656783
What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … misallocation in a model where establishment-level productivity is endogenous and responds to the same policy distortions that … units (static effect), but also create disincentives for productivity improvement (dynamic effect) thereby affecting the …
Persistent link: https://www.econbiz.de/10012455342
Persistent link: https://www.econbiz.de/10014536286
For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non-neutral technology proposed by McGrattan & Prescott (2010) to...
Persistent link: https://www.econbiz.de/10012950924