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Researchers interested in estimating productivity can choose from an array of methodologies, each with its strengths … evaluate three productivity debates using a panel of manufacturing plants in Colombia. The different methods generate … surprisingly similar results. Correlations between alternative productivity estimates are invariably high. All methods confirm that …
Persistent link: https://www.econbiz.de/10013220963
We study how innovation and technology diffusion interact to endogenously determine the shape of the productivity …
Persistent link: https://www.econbiz.de/10012964404
how this leads to an underestimation of productivity growth in the early years of a new GPT, and how later, when the … benefits of intangible investments are harvested, productivity growth will be overestimated. Our model generates a Productivity … J-Curve that can explain the productivity slowdowns often accompanying the advent of GPTs, as well as the increase in …
Persistent link: https://www.econbiz.de/10012909517
productivity. I begin with a discussion of productivity measures, their performance in recent decades, and key measurement puzzles …This paper provides a non-technical review of the literature and issues related to the measurement of aggregate … measurement to keep up with a changing economy? This section frames the issues and points to the most important and promising …
Persistent link: https://www.econbiz.de/10012892567
standard productivity measures. TFPQ performs poorly because of variation in product specifications across firms. Controlling … for specifications aligns TFPQ with lab benchmarks. We also collect quality metrics to construct quality productivity (the …-dimensional productivity, or capability. As quality productivity is negatively correlated with TFPQ, TFPR may perform better at capturing …
Persistent link: https://www.econbiz.de/10012894427
shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Profit shifting increased in the …Beginning in 2004, official statistics display a slowdown in U.S. productivity growth. We show how offshore profit … mid- 1990s, resulting in lower measured productivity growth. We construct value added adjusted for profit shifting. The …
Persistent link: https://www.econbiz.de/10012958592
analysis and a measure of innovativity comparable to that of total factor productivity. This innovation accounting framework is …: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10013218733
the measurement of earnings dynamics in administrative and survey data alike. Empirically, earnings at the start or end of …
Persistent link: https://www.econbiz.de/10012977281
We propose several connectedness measures built from pieces of variance decompositions, and we argue that they provide natural and insightful measures of connectedness among financial asset returns and volatilities. We also show that variance decompositions define weighted, directed networks, so...
Persistent link: https://www.econbiz.de/10013119773
This paper studies U.S. banks' exposure to interest rate and credit risk. We exploit the factor structure in interest rates to represent many bank positions in terms of simple factor portfolios. This approach delivers time varying measures of exposure that are comparable across banks as well as...
Persistent link: https://www.econbiz.de/10013019509