Download or read book R D Production Structure and Productivity Growth in the U S Japanese and German Manufacturing Sectors written by Pierre A. Mohnen and published by . This book was released on 1984 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book R D Production Structure and Productivity Growth in the U S Japaneseand German Manufacturing Sectors written by Ingmar R. Prucha and published by . This book was released on 1984 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the production structure and the demand for inputs in three major industrialized countries, the U.S., Japan and Germany. A dynamic factor demand model with two variable inputs (labor and energy)and two quasi-fixed inputs (capital and R&D) is derived directly from an intertemporal cost-minimization problem formulated in discrete time. Adjustment costs are explicitly specified. The model is estimated for the manufacturing sector of the three countries using annual data from 1965 to 1977. Particular attention is given to the role of R&D. For all countries the rate of return on R&D is found to be higher than that on capital. Their respective magnitudes are similar across countries.We find considerable differences in factor demand schedules; we also find that for all countries the speed of adjustment for capital is higher than that of R&D. Adjustment costs are of importance in the demand equations for capital and R&D, but play a minor role in the decomposition of total factor productivity growth

Download or read book The Production Structure the Adjustment Dynamics R D and the Productivity Slowdown written by Pierre A. Mohnen and published by . This book was released on 1985 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book R and D Production Structure and Productivity Growth written by M Nadiri (Ishaq) and published by . This book was released on 1996 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book R D Production Structure and Productivity Growth written by M. Ishaq Nadiri and published by . This book was released on 1996 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as quasi-fixed subject to adjustment costs. The paper provides estimates for markups, returns to scale, rates of return on physical and R&D capital, and technical change. The paper also identifies the sources of the growth of output, labor productivity, and total factor productivity. The results show that resource accumulation, not technical change, is the key factor in rapid output growth, and that the R&D capital and technical change have been major contributors of the TFP growth in the US and Japanese manufacturing but not in the Korean manufacturing sector

Download or read book RetD Production Structure and Productivity Growth written by M. Ishaq Nadiri and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The production structure the adjustment dynamics R D and the productivity slowdown written by Pierre A. Mohnen and published by . This book was released on 1985 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book R D Productions Structure and Productivity Growth a Comparison of the US Japanese and Korean Manufacturing Sectors written by M. Ishaq Nadiri and published by . This book was released on 1996 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International R D Spillovers Between U S and Japanese R D Intensive Sectors written by Jeffrey I. Bernstein and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: A great deal of empirical evidence shows that a country's production structure and productivity growth depend on its own R & D capital formation. With the growing role of international trade, foreign investment and international knowledge diffusion, domestic production and productivity also depend on the R & D activities of other countries. The purpose of this paper is to empirically investigate the bilateral link between the U.S. and Japanese economies in terms of how R & D capital formation in one country affects the production structure, physical and R & D capital accumulation, and productivity growth in the other country. We find that production processes become less labor intensive as international R & D spillovers grow. In the short-run, R & D intensity is complementary to the international spillover. This relationship persists in the long-run for the U.S., but the Japanese decrease their own R & D intensity. U.S.R & D capital accounts for 60% of Japanese total factor productivity growth, while Japanese R & D capital contributes 20% to U.S. productivity gains. International spillovers cause social rates of return to be about four times the private returns

Download or read book Comparison and Analysis of Productivity Growth and R D Investment in the Electrical Machinery Industries of the United States and Japan written by M. Ishaq Nadiri and published by . This book was released on 1986 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comparison and Analysis of Productivity Growth and R D Investment in TheElectrical Machinery Industries of the United States and Japan written by and published by . This book was released on 1991 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of R & D resources of the total manufacturing sectors in both countries is concentrated In the electrical machinery industry. Also, this industry has an active export orientation in both countries. The analysis of the paper is based on dynamic factor demand models describing the production structure and the behavior of factor inputs as well as the determinants of productivity growth in the U.S. and Japanese electrical machinery industry. The analysis shows that the production structure of the industry in both countries is characterized by increasing returns to scale; the factors of production do respond to changes in factor prices; and the existence of a pattern of substitution and complementarity among the inputs. The main sources of productivity growth are: growth in materials; technical change; and capital accumulation. R & D expenditures have also contributed significantly to growth of labor and productivity while the most important source of total factor productivity in this industry for both countries has been the scale effect followed by changes in technical progress.

Download or read book R D and Productivity written by Zvi Griliches and published by University of Chicago Press. This book was released on 2007-12-01 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zvi Griliches, a world-renowned pioneer in the field of productivity growth, has compiled in a single volume his pathbreaking research on R&D and productivity. Griliches addresses the relationship between research and development (R&D) and productivity, one of the most complex yet vital issues in today's business world. Using econometric techniques, he establishes this connection and measures its magnitude for firm-, industry-, and economy-level data. Griliches began his studies of productivity growth during the 1950s, adding a variable of "knowledge stock" to traditional production function models, and his work has served as the point of departure for much of the research into R&D and productivity. This collection of essays documents both Griliches's distinguished career as well as the history of this line of thought. As inputs into production increasingly taking the form of "intellectual capital" and new technologies that are not as easily measured as traditional labor and capital, the methods Griliches has refined and applied to R&D become crucial to understanding today's economy.

Download or read book Labor Productivity and Economic Development written by Saburō Ōkita and published by . This book was released on 1981 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Input Measurement and Productivity Growth in Japanese and U S Manufacturing written by John Randolph Norsworthy and published by . This book was released on 2014 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes multifactor productivity growth (based on capital, labor, energy, and materials) and labor productivity growth in the Japanese and U.S. manufacturing sectors. We find that the tests of separability required for a value-added approach fail for both the U.S. and Japan, making gross output the correct approach.Additionally, confirming Jorgenson and Nishimizu, we find that the remarkable differences in productive efficiency between Japan and the U.S. -- at the two-digit industry level -- are largely due to differences in the levels of capital investment and not to differences in multifactor productivity.

Download or read book Comparative Productivity Dynamics written by Elliot S. Grossman and published by . This book was released on 1982 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Industrial Strategy and Economic Growth written by Candace Howes and published by . This book was released on 1994 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book China s Productivity Convergence and Growth Potential A Stocktaking and Sectoral Approach written by Min Zhu and published by International Monetary Fund. This book was released on 2019-11-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.