Download or read book Decomposing Total Factor Productivity Growth in Manufacturing and Services written by Neil Foster-McGregor and published by . This book was released on 2017 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the World Input-Output Database, this paper calculates total factor productivity (TFP) growth for a sample of 40 economies during the period 1995-2009 to show that TFP growth in Asian economies has been relatively strong. In a number of Asian economies, TFP growth in services has outpaced that in manufacturing. This paper presents a novel structural decomposition of TFP growth and shows that the main drivers of aggregate productivity growth, as well as differences in productivity growth between services and manufacturing, have been changing factor requirements. These effects tend to offset the negative productivity effect of a declining ratio of value added to gross output.
Download or read book Decomposing Total Factor Productivity Growth written by Matthew Vincent Stubbs and published by . This book was released on 1994 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long Term Factors in American Economic Growth written by Stanley L. Engerman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt: These classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. "A 'must have' in the library of the serious economic historian."—Samuel Bostaph, Southern Economic Journal
Download or read book U S Total Factor Productivity Slowdown written by Mr.Roberto Cardarelli and published by International Monetary Fund. This book was released on 2015-05-28 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market dynamism over the last two decades. Indeed, there are large differences in production efficiency across U.S. states, with the states having better educational attainment and greater investment in R&D being closer to the production “frontier.”
Download or read book Decomposition of Total Factor Productivity Growth in Nonparametric Framework written by Biresh Sahoo and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An attempt is first made in this paper to illustrate in nonparametric framework the decomposition of total factor productivity growth (TFPG) into technical change and efficiency change. Färe et al. (1994) measure TFPG by taking geometric mean of two Malmquist indexes proposed by Caves et al. (1982), assuming that these two indexes are very different from each other. We have, however, shown that these two indexes are, in fact, the one and same for the case of constant returns to scale (CRS) technology involving single input and single output. In case of multi-input and output CRS technology, the productivity estimates of these two indexes are broadly similar. Our empirical results based on Indian Sunrise industries data indicate that the transition period of economic liberalization experiences high productivity decay despite high technical progress, suggesting bold policy decisions required by Government to bring changes in institutional and environmental climate to increase productivity by reducing inefficiency for the time to come.
Download or read book Aggregate and Industry Level Productivity Analyses written by Ali Dogramaci and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1 Ali Dogramaci and Nabil R. Adam 1.1. OVERVIEW With the decline of U.S. productivity growth, interest has surged to under stand the behavior of productivity measures through time, the conceptual foundations of productivity analysis, and the linkage between productivity performance and other major forces in the economy. The purpose of this volume is to present a brief overview of some of the concepts used in aggre gate and industry-level productivity analyses and the results of some of the recent research in this field. The book is divided into three parts. Part I covers some of the methodo logical approaches used in aggregate and industry-level productivity studies. Part II deals with the movement of labor productivity measures through time. The papers in this part of the book study productivity changes as uni variate time series and analyze some of the characteristics of the patterns displayed. The papers in Part III address the issues of measurement of capi tal, the relation of capital formation to productivity growth, and the rela tion of imported intermediate inputs to U.S. productivity performance.
Download or read book Productivity and Inequality written by William H. Greene and published by Springer. This book was released on 2018-02-02 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume highlights the state-of-the-art knowledge (including data analysis) of productivity, inequality and efficiency analysis. It showcases a selection of the best papers from the 9th North American Productivity Workshop. These papers are relevant to academia, but also to public and private sectors in terms of the challenges that firms, financial institutions, governments, and individuals may face when dealing with economic and education related activities that lead to increase or decrease of productivity. The volume also aims to bring together ideas from different parts of the world about the challenges those local economies and institutions may face when changes in productivity are observed. These contributions focus on theoretical and empirical research in areas including productivity, production theory and efficiency measurement in economics, management science, operation research, public administration, and education. The North American Productivity Workshop (NAPW) brings together academic scholars and practitioners in the field of productivity and efficiency analysis from all over the world, and this proceedings volume is a reflection of this mission. The papers in this volume also address general topics as education, health, energy, finance, agriculture, transport, utilities, and economic development, among others. The editors are comprised of the 2016 local organizers, program committee members, and celebrated guest conference speakers.
Download or read book Full Industry Equilibrium written by Arrigo Opocher and published by Cambridge University Press. This book was released on 2015-05-28 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original book develops a systematic zero-net-profit comparative statics theory to shed new light on the microeconomics of industry equilibrium.
Download or read book The Economics of Productivity in Asia and Australia written by Renuka Mahadevan and published by Edward Elgar Publishing. This book was released on 2004-03-25 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Suggests processes and strategies for choosing the best technique to draw up policies for sustainable growth." - dust jacket.
Download or read book Frontier Production Functions Technical Efficiency and Panel Data written by George Edward Battese and published by . This book was released on 1991 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Total Factor Productivity Growth written by Kupukile Mlambo and published by . This book was released on 1993 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Total Factor Productivity Growth Technological Progress and Efficiency Changes written by Mahamat Hamit-Haggar and published by . This book was released on 2009 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Productivity Growth in the Manufacturing Sector written by Mihir Kumar Pal and published by Emerald Group Publishing. This book was released on 2021-06-03 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of manufacturing industries is one of the key sectors in helping to mitigate global recessions. Productivity Growth in the Manufacturing Sector thoroughly discusses issues and potential remedies of this sector for a range of international countries.
Download or read book Alternative Measures of Total Factor Productivity Growth written by Thijs ten Raa and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Productivity written by Dale Weldeau Jorgenson and published by Edward Elgar Publishing. This book was released on 2009 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: The remarkable behavior of information technology prices provides the key to the resurgence of productivity growth in the USA and the world economy. This title presents the contemporary framework for productivity measurement that focuses on the impact of information technology on economic growth.
Download or read book Output Decomposition in the Presence of Input Quality Effects written by Yasmina Limam and published by . This book was released on 2018 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do physical capital accumulation and Total Factor Productivity (TFP) individually add to economic growth? We approach this question from the perspective of the quality of both labor and physical capital, namely human capital and the age of physical capital. We build a unique dataset by explicitly calculating the age of physical capital for each year of our time frame and estimate a stochastic frontier production function incorporating input quality in five groups of countries (Africa, East Asia, Latin America, South Asia, and West). Quality of capital significantly and positively affects output growth in three groups. The decomposition of output growth demonstrates that factor growth generally proves much more important than either the improved quality of factors or TFP growth in explaining output growth.
Download or read book Productivity Technology and Economic Growth written by Bart van Ark and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity, Technology and Economic Growth presents a selection of recent research advances on long term economic growth. While the contributions stem from both economic history, macro- and microeconomics and the economics of innovation, all papers depart from a common viewpoint: the key factor behind long term growth is productivity, and the latter is primarily driven by technological change. Most contributions show implicitly or explicitly that technological change is at least partly dependent on growth itself. Furthermore, technology appears to interact strongly with investment in physical and human capital as well as with changes in historical, political and institutional settings. Together these papers are an up-to-date account of the remarkable convergence in theoretical and empirical work on productivity and growth over the past decades. The first part deals with the characteristics of growth regimes over longer periods, ranging from 20 years to two centuries. The next four chapters study the determinants of productivity growth and, in some cases, productivity slowdown during the last quarter of the twentieth century. The final five chapters focus on the role of technology and innovation as the key determinants of growth. Productivity, Technology and Economic Growth is, therefore, a welcome collection for academic scholars and graduate students in economics, history and related social sciences as well as for policy makers.
