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How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in output that can be generated by more schooling. The advantage of our approach...
Persistent link: https://www.econbiz.de/10009368611
To analyse the consequences of the changing economic structure of the UK, we need aset of statistics broken down by industry that are consistent with the whole economymeasures available from the national accounts. The theory of growth accounting thenprovides a framework in which the contribution...
Persistent link: https://www.econbiz.de/10005670534
United States or Sweden. Nevertheless the contribution to the long run growth of labour productivity stemming from even the …
Persistent link: https://www.econbiz.de/10009643553
quantities, variety and productivity. Under constant elasticity demand, each firm prices above its average cost, yet we show …
Persistent link: https://www.econbiz.de/10009651299
When doing growth accounting, should we use ex post or ex ante measures of user costs to calculate the contribution of capital? The answer, based on a simple model of temporary equilibrium, is that ex post is better in theory. In practice researchers usually calculate ex post user costs by...
Persistent link: https://www.econbiz.de/10005797198
composition of intermediate goods, and the distinction between value added productivity and gross output productivity. We …
Persistent link: https://www.econbiz.de/10005797213
factor productivity (TFP) growth in each of the two sectors, and GHK's concepts of investment specific and neutral …
Persistent link: https://www.econbiz.de/10005220080
aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …
Persistent link: https://www.econbiz.de/10005510386
productivity. The "Solow Paradox" of the absence of an impact of ICT on productivity no longer holds, if it ever did. Both growth … accounting and econometric evidence suggest an important role for ICTs in accounting for productivity. In fact, the empirical … estimates suggest a much larger impact of ICT on productivity than would be expected from the standard neoclassical model that …
Persistent link: https://www.econbiz.de/10005510438
productivity in the public sector using a new panel data set of police departments covering 1987-2003. While IT adoption is …-level characteristics and the endogeneity of IT use. IT investments do, however, appear to improve police productivity when complemented …
Persistent link: https://www.econbiz.de/10005670425