Sources of growth in U.S. gross domestic product (GDP) are analyzed in a general equilibrium, open economy framework using time-series data. Contributions from labor and capital account for 75% of the economy’'s average growth, with total factor productivity (TFP) accounting for the remainder....

Sources of growth in U.S. gross domestic product (GDP) are analyzed in a general equilibrium, open economy framework using time-series data. Contributions from labor and capital account for 75% of the economyÂ’'s average growth, with total factor productivity (TFP) accounting for the...

A healthy, shallow, draft barge industry is essential to the well-being of U.S. agriculture. Sixty percent of U.S. farm grain, oilseed and feed exports (which is 25 percent of the world trade in grain and oilseeds) is transported on the Mississippi River system. This low cost transportation...

This paper will review the existing methodologies for estimating the shadow wage rate. Assumptions and some special characteristics as well as drawbacks of each methodology are discussed. From these special characteristics, a formula is derived for estimating wages for Thai economic conditions.