Elite economics PhD programs aim to train graduate students for a lifetime of academic research. This paper asks how advising affects graduate students' post-PhD research productivity. Advising is highly concentrated: at the eight highly-selective schools in our study, a minority of advisors do...

This paper addresses the problem of cost minimization in a dynamic production environment where total costs depend not only on the production amount but also on production speed-a factor often overlooked in traditional production models. Unlike previous studies that focus solely on production...

This paper examines two literatures that try to understand the biophysical constraints placed on the economy and economic growth. Firstly, exergy economics uses the second law of thermodynamics to examine the aggregate exergy conversion process to the useful stage. This shows the dependency of...

This paper investigates the impact of on-the-job training on labour productivity, focusing on both the direct effects of training capital accumulation and its complementarity with other intangible capital assets. While previous research has highlighted the positive role of workplace training in...

This paper analyses the contribution of the renewable and non-renewable primary energy consumption per capita and the gross fixed capital formation per capita to sustainable economic growth using two models approximated by CES-type functions. Estimates are made by applying the TRANSLOG method....

This paper advances our understanding of the transformative role of innovation in labor share dynamics over recent decades of rapid technological evolution. We introduce a novel methodology to disentangle the direction and substitution effects of technological change, drawing on comprehensive...

The notion of the output gap is crucial in understanding underlying economic trends. The macroeconomic stabilization policy can only be effective for all sectors or regions of the economy if regional or sectoral output gaps are sufficiently coherent. This study proposes a new microeconometric...

Across many cultures, resting instead of working is viewed as a barrier to higher earnings. This belief is also reflected in many canonical economic models. Recent empirical evidence highlighting the productivity benefits of rest challenges this belief. Yet, existing work tends to ignore...

This article presents an estimation of a stochastic frontier model using a translogarithmic production function to identify the impact of production factors - labor and capital - along with CO2 emissions and technical progress on the value added of the manufacturing sector in North American...

Macroeconomic productivity is modelled as a Cobb-Douglas function of private and public R&D stocks in recent literature. The slope parameters of a growth rate version may change over time and with circumstances. Using the method of functional-coefficient regression, we show that human capital,...

In this paper, I explore the spillover effects of frontier firms on other firms in Türkiye, using a detailed administrative dataset with firm-level data on balance sheets, inter-firm transactions, and employment. I review key production function estimators, evaluate their assumptions and...

The objective of this study is to conduct an analysis of the efficiency and productivity of a thermal power generation plant in the Indian public sector. This analysis has been carried out using the non-parametric Data Envelopment Analysis (DEA) methodology, focusing on the period from 2014-15...

We pioneer the estimation of technological progress parameters for Russia in the framework of the neoclassical theory. Implementing the CES production function (CES PF hereafter) as an instrument of output description, we construct a system of cointegrated time series which guarantee no spurious...

Technical efficiency measures the performance of an observation unit in generating outputs effectively. The stochastic production frontier (SPF), which is a commonly used method for this purpose, determines how close a unit is to achieving maximum output based on its inputs. However, the...

Natural Capital Accounting (NCA) integrates economic and environmental data to understand the connections between economic and environmental resources. The European Union (EU) has shown strong policy support for NCA, amending Regulation 691/2011 to include ecosystem accounts (EA) as a mandatory...

As artificial intelligence (AI) begins to take center stage in technological innovations, it is essential to understand the business value of AI innovation efforts and investments. While some early work at the firm level exists, there is a shortage of literature that takes a larger country-level...

A research gap exists regarding how research and development (R&D) expenditures contribute to the generation of innovative spillovers through knowledge-intensive business services (KIBS), particularly within the manufacturing and business services subsectors. These spillovers have a networking...

Background: Logistics has become a key driver of global economic production. This study investigates the role of logistics in global economic production by presenting a novel theoretical framework that integrates logistics performance into traditional models as a determinant production factor....

The primary goal of this paper is to present a distributive proposal for reinterpreting Solow's residual and apply it within the Chilean context. We argue that Solow's residual can only indirectly capture technological phenomena. This critique draws upon the contribution of Felipe and McCombie...

Workers learn on the job from both repetition and peers. Less understood is how specific types of experience and peer characteristics affect on-the-job learning. This likely differs by context (e.g., occupation, tasks, or roles). Absent such knowledge, it is unclear how to optimally assign...

I estimate a nested CES production function for 9 European countries over 1996- 2020 using EU KLEMS data, distinguishing between information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume that the aggregate output is produced using...