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accounting for human capital, total factor productivity differences over time accounts for 48% to 69% of output variation. TFP … after using the Mincer wage regression coefficients, TFP growth still remains significant in explaining the output growth … improvement (TFP) rather than input accumulation growth. …
Persistent link: https://www.econbiz.de/10005621616
This the inaugural issue of the International Productivity Monitor, a new publication produced by the Ottawa-based Centre for the Study of Living Standards (CSLS). The objective of the Monitor is to focus atttention on the importance of productivity for improving living standards and quality of...
Persistent link: https://www.econbiz.de/10005650237
providing evidence on the age-productivity and age-earnings profiles for a sample of plants in three manufacturing industries …
Persistent link: https://www.econbiz.de/10005700268
Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries are narrowly defined. So there is a significant opportunity for the least productive firms to catch up to the most productive. The formers’ convergence could therefore...
Persistent link: https://www.econbiz.de/10010744856
evidence that a boom in complementary investment in the 1990s could have led to a decline in the conventional measure of TFP …
Persistent link: https://www.econbiz.de/10010745929
use a model of monopolistic competition with Cobb-Douglas production and a dataset of Italian manufacturing firms …, suggesting the existence of adjustment frictions. Finally, the degree of under-response is much larger for TFP shocks. This … show that they hamper firms’ responses to TFP shocks but not to demand shocks. …
Persistent link: https://www.econbiz.de/10010626167
We show how to relate the welfare of a country's infinitely-lived representative consumer to observable aggregate data. To a first order, welfare is summarized by total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a country,...
Persistent link: https://www.econbiz.de/10010575544
We present the first comprehensive set of firm-level total factor productivity (TFP) estimates for China …'s manufacturing sector that spans China's entry into the WTO. For our preferred estimate, which adjusts for a number of potential … creative destruction. Over the entire period, net entry accounts for over two thirds of total TFP growth. In contrast to …
Persistent link: https://www.econbiz.de/10010578046
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this relationship is presented and the implications of analysis using this model and the usually available data on product and process innovation are derived. The recent empirical...
Persistent link: https://www.econbiz.de/10010712167
constraints; (4) environmental regulations trigger localized knowledge spillovers between nearby plants, boosting their green TFP …
Persistent link: https://www.econbiz.de/10010818731