Showing 1 - 10 of 53
neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …
Persistent link: https://www.econbiz.de/10012462256
We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only generate static factor misallocation, but...
Persistent link: https://www.econbiz.de/10012455672
Agricultural productivity in Sub-Saharan Africa (SSA) lags far behind all other regions of the world. A long list of …
Persistent link: https://www.econbiz.de/10012480002
Proponents of trade liberalization argue that it will force firms to produce closer to the production possibility frontier and that the frontier will move out faster. In particular, plants that export will achieve a higher productivity level. However intuitive the argument, empirical evidence is...
Persistent link: https://www.econbiz.de/10012468678
Agricultural productivity growth in sub-Saharan Africa has been a qualified success. Total factor productivity growth … of TFP growth subsequent to independence in the early 1960s. Average agricultural TFP growth for sub-Saharan Africa was 0 …
Persistent link: https://www.econbiz.de/10012462176
We show that much of Africa's recent growth and poverty reduction can be traced to a substantive decline in the share …
Persistent link: https://www.econbiz.de/10012458587
Persistent link: https://www.econbiz.de/10000056090
west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high … incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the …
Persistent link: https://www.econbiz.de/10012471183
Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a … model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …
Persistent link: https://www.econbiz.de/10012472274
1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R …
Persistent link: https://www.econbiz.de/10012473353