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In this paper the Stochastic Frontier approach was used for the estimation and decomposition of manufacturing TFP …
Persistent link: https://www.econbiz.de/10014206628
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We …
Persistent link: https://www.econbiz.de/10010466016
In this paper, we show, using a panel of developed countries, that there is a long-run negative association between … church attendance and total factor productivity (TFP) with predictive causality running from declining church attendance to … increasing factor productivity. According to our preferred estimate, about 18% of the increase in TFP from 1950 to 1990 is caused …
Persistent link: https://www.econbiz.de/10012988169
This paper studies the evolution of long-run output and labour productivity growth rates in the G-7 countries during …-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with … productivity appears to be behind the slowdown in long-run GDP growth. …
Persistent link: https://www.econbiz.de/10011823990
This article presents an empirical model of non-stationary and cointegrated panel data to explain the impact of … between the level of innovation and GDP.En este artículo se presenta un modelo empírico de datos panel no estacionario y …
Persistent link: https://www.econbiz.de/10013098990
The productivity generated by capital goods is not uniform along the time. When there exist conventional physical … capital goods the productivity obtained is minor that the one generated by quality capital goods. To obtain a correct measure … productivity of the investment goods constructing hedonic prices indices. This school is represented among others by Hulten (1992 …
Persistent link: https://www.econbiz.de/10011527365
productivity is both an input of the growth process, influencing macroeconomic dynamics, and a consequence of growth, because …-Keynesian cumulative growth model driven by the dynamic interaction between the demand regime and the productivity regime. The model … specifies the role of labour productivity and unit labour costs in the macroeconomic and technological dynamics. The results …
Persistent link: https://www.econbiz.de/10012930486
Persistent link: https://www.econbiz.de/10012219593
nonparametrically computed productivity measures to scan the frontier shifts across the entire input-output space. The shifts of the …
Persistent link: https://www.econbiz.de/10010527200
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
Persistent link: https://www.econbiz.de/10011378362