This paper presents an analysis of the dynamics of total factor productivity measures for large plants in SICs 35, 36, and 38. Several TFP measures, derived from production functions and Solow type residuals, are computed and their behavior over time is compared, using various non-parametric...

The objective of this paper is to examine the recent literature on the standard open economy macro paradigm. Since there are many aspects to this literature, we concentrate on issues regarding the nature of restrictions imposed in order to gain identification, the general problem of...

This paper reports on the results of a Monte Carlo study. The latter investigates the performance of various versions of the Conformity test CCT$ for the existence and rank of cointegration, as given in Dhrymes (1996b), the likelihood ratio test LRT as given in Johansen (J) (1988), (1991), and...

This paper deals with two alternatives to the so-called Hausman test for the exogeneity of instruments, in the context of a model where one or more explanatory variables are possibly correlated with the structural error. These two alternatives are at least as good or better than the Hausman test...