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The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors …
Persistent link: https://www.econbiz.de/10005536846
. In this article, as part of the symposium on total factor productivity, Timothy C. Sargent and Edgard R. Rodriquez of … Finance Canada discuss the issue of the choice between labour and total factor productivity. They conclude that both measures … have uses. For periods of less than a decade, labour productivity is the preferred measure, but for longer periods total …
Persistent link: https://www.econbiz.de/10005650242
which allows explicity both for demand, for examination of the sources of productivity growth and for substitution between …
Persistent link: https://www.econbiz.de/10005663663
This paper analyzes labor productivity and the law of decreasing labor content (LDLC) originally formulated by Farjoun … and Machover (1983). First, it is shown that the standard measures of labor productivity may be rather misleading, owing … theoretically and empirically sound measures of labor productivity. The notion of labor content and the LDLC are therefore central …
Persistent link: https://www.econbiz.de/10010287873
This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical...
Persistent link: https://www.econbiz.de/10009749451
This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical...
Persistent link: https://www.econbiz.de/10009753329
aggregates used in such diverse fields as neoclassical growth theory, input-output approaches, productivity analysis, and …
Persistent link: https://www.econbiz.de/10011755969
Case Studies discuss the economic benefits of the Internet of Things (IoT) as well as estimate how firms optimize their digital performance. Paper presents initial estimates of how large an impact IoT will have on the US economy through 2025
Persistent link: https://www.econbiz.de/10012992947
and 8 Million new Jobs from 2015 to 2025. This suggests more substantial gains in US growth and productivity based upon a …
Persistent link: https://www.econbiz.de/10012992951
stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network …
Persistent link: https://www.econbiz.de/10014285534