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Measurement of productivity in the service sector has always represented a challenge for economists. "Productivity in the U.S. Services Sector: New Sources of Economic Growth", by Jack Triplett and Barry Bosworth from the Brookings Institution is reviewed. The authors have produced a textbook on...
Persistent link: https://www.econbiz.de/10005518956
In this paper, we study the asymptotic distribution of a simple two-stage (Hannan-Rissanen-type) linear estimator for stationary invertible vector autoregressive moving average (VARMA) models in the echelon form representation. General conditions for consistency and asymptotic normality are...
Persistent link: https://www.econbiz.de/10005100706
Investment of French firms remained weak in the first part of the 90's, after allowing for the sluggish economic growth. Macroeconomic models failed to explain this low level. In this work, we examine the link between micro-level data and aggregate fluctuations. We first describe the evolution...
Persistent link: https://www.econbiz.de/10009001105
by INSEE and the French Treasury. This working paper presents the new version of the model. The data used in the re-estimation … supply-side determinants. The re-estimation of the model has enabled us to take into account the structural evolutions of the … French economy that have occurred since the last estimation (notably in terms of changes in labour productivity growth, the …
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