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focuses on two effects--the effect of increased productivity in the computer-producing sector and the effect of investments in … computing equipment on the productivity of those who use them--and concludes that together they account for almost all of the … recent acceleration in U.S. labor productivity. In calculating the computer-usage effect, standard NIPA measures of the …
Persistent link: https://www.econbiz.de/10005514160
Output growth is negatively correlated with inflation, and detrended output is positively correlated with inflation, in the major North American and European economies. In addition, output growth and detrended output lead inflation. I explore the consistency of these correlations with three...
Persistent link: https://www.econbiz.de/10005514184
productivity growth. We show that the data imply that households are not willing to substitute between the two goods at all and …
Persistent link: https://www.econbiz.de/10005514429
We estimate the rate of embodied technological change directly from plant-level manufacturing data on current output and input choices along with histories on their vintages of equipment investment. Our estimates range between 8 and 17 percent for the typical U.S. manufacturing plant during the...
Persistent link: https://www.econbiz.de/10005514430
Complementing existing work on firm organizational structure and productivity, this paper examines the impact of …
Persistent link: https://www.econbiz.de/10005514435
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Credit rationing is a common feature of most developing economies. In response to it, the governments of these countries often operate extensive credit programs and lend, either directly or indirectly, to the private sector. We analyze the macroeconomic consequences of a typical government...
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