Showing 1 - 10 of 771
This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi …-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the …
Persistent link: https://www.econbiz.de/10008607509
behavior of the primal and dual productivity residuals by allowing for nonconstant returns to scale and imperfect competition …. Likewise, the presence of the quasi-fixity of capital helps to reconcile the behavior of the primal and dual productivity …
Persistent link: https://www.econbiz.de/10005067478
This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries … explain procyclical productivity. However, this correction still leaves one in three U.S. industries with procyclical … productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries. …
Persistent link: https://www.econbiz.de/10005791211
following five questions: 1) To what extent does an economy subject to regular variations in labour productivity growth differ … from one where labour productivity is constant? 2) What is the impact on major macroeconomic indicators of a one …-time change in labour productivity growth? 3) What are the business cycle implications of autonomous (non-falsifiable) changes in …
Persistent link: https://www.econbiz.de/10005662360
This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations … to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches … time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …
Persistent link: https://www.econbiz.de/10005067455
Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more …
Persistent link: https://www.econbiz.de/10005497762
efficiency. First, treatment firms have higher productivity and quality after accounting for rug specifications. Second, when …
Persistent link: https://www.econbiz.de/10011096097
While innovation is argued to create value, private incentives of firms to innovate are driven by what part of the value created firms can appropriate. In this paper we explore the relation between innovation and the markups a firm is able to extract after innovating. We estimate firm-specific...
Persistent link: https://www.econbiz.de/10011083230
The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of … technologies and that joint adoption leads to higher productivity. Without having introduced complementary organizational … innovations, the adoption of CO2 reducing technologies is associated with lower productivity. …
Persistent link: https://www.econbiz.de/10011084545
Technological change can increase the productivity of the various factors of production in equal terms or it can be … biased towards a specific factor. We develop an estimator for production functions when productivity is multi-dimensional. We …
Persistent link: https://www.econbiz.de/10011093691