Showing 1 - 10 of 54
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/10010702136
Complementing existing work on firm organizational structure and productivity, this paper examines the impact of …
Persistent link: https://www.econbiz.de/10010702138
technologies is associated with higher productivity and higher productivity growth. As in the worker literature, firms adopting … productivity, or other measures of firm success. I am able to control for many firm characteristics not available in other data …
Persistent link: https://www.econbiz.de/10010702141
performance: labor productivity and productivity growth over the 1992 to 1997 period. We use untapped firm and establishment micro … investment intensity and productivity growth. We found no evidence of a similar link between IT and growth in the number of …
Persistent link: https://www.econbiz.de/10010702153
This paper reexamines wage and price dynamics in response to permanent shocks to productivity. We estimate a micro …
Persistent link: https://www.econbiz.de/10010702169
New Keynesian macroeconomic models have generally emphasized that expectations of future output are a key factor in determining current output. The theoretical motivation for such forward-looking behavior relies on a straightforward generalization of the well-known Euler equation for...
Persistent link: https://www.econbiz.de/10010702177
This paper describes an attempt to build a regression-based system of labor productivity equations that incorporate the ….S. economy. Builders of regression-based forecasting models have long had difficulty finding labor productivity equations that … productivity. Theory dictates that this causation is driven by the effect of traditional capital deepening as well as technological …
Persistent link: https://www.econbiz.de/10010702185
employee voice, have been a significant component of the turnaround in productivity growth in the United States during the 1990 …s. Our work goes beyond measuring the impact of computers on productivity and finds that these types of workplace … innovation appear to explain a large part of the movement in multi-factor productivity in the United States over the period 1993 …
Persistent link: https://www.econbiz.de/10010702197
-normally distributed idiosyncratic productivity uncertainty and Leontief utilization choice yields an aggregate production function that is … about the productivity of an investment project typically reduces investment at the micro level, but it raises aggregate … hours and a medium-term expansion in the growth rate of labor productivity. …
Persistent link: https://www.econbiz.de/10010702216
Shifts in the long-run rate of productivity growth are difficult, in real time, to distinguish from transitory … fluctuations. We analyze the evolution of forecasts of long-run productivity growth during the 1970s and 1990s and examine in a … dynamic general equilibrium model the consequences of learning on the responses to shifts in the long-run productivity growth …
Persistent link: https://www.econbiz.de/10010702217