Multifactor productivity growth (based on labour, energy, and materials) and labour productivity growth in the Japanese and US manufacturing sectors are measured and analysed for the period 1958-78. Presentation of separability and technical change hypothesis tests, model estimates and...

This paper empirically examines the relationship between the use of on-and-off-balance sheet derivatives and the interest rate risk of US savings associations during 1993-1997. Unlike prior studies, this analysis uses market values, not notional amounts, of all derivatives obtained from the...

We examine the relationship between derivatives use of US savings associations during 1993-1997. The advantage of examining thrifts is that they are only end-users of derivatives. We find that: (I) firm size positively correlated with derivatives use generally and to OTC derivatives use in...