We develope a growth accounting method using the whole neoclassical growth model. We obtain three primary findings from our analysis of the U.S. economy during 1954--2017. First, the efficiency wedges in the entire period accurately account for the evolution of U.S. productivity and labor share....

By conducting wedge-growth accounting, we assess the contribution of the economic forces (expressed as wedges in the equilibrium conditions of the neoclassical growth model) driving Spanish economic growth from 1850 to 2019. We find that declining investment and capital-efficiency wedges slowed...

We conduct Business Cycle Accounting analyses for both the Euro Area and the United States. If the observed changes in the factor income shares reflect the frictionless competitive adjustment of productive factors, then we find that the capital-efficiency wedge was the main force driving the...

A simple polar fluid is modelled by square-well particles with point dipoles and quadrupoles at their centers. An equation for the free energy is derived by perturbation theory, obtaining the explicit dependence on the potential parameters, and allowing to study the effects of the strength of...

We generate exact mixing rules for dilute gaseous mixtures with nonconformal interactions by introducing an adequate effective potential. The general mixing rule leads to several approximations of the van der Waals type. The work uses nonconformal model pair potentials that accurately describe...

The multipolar square-well (MSW) fluid treated in part I [Physica A 202 (1994) 420] is studied in order to analyze the effect of SW range λ, which models the range of dispersion forces, on the vapor-liquid (VL) equilibrium. The model includes a simpler and more accurate treatment of the SW...