Estimating Total Factor Productivity in a Generalized Cost System PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Estimating Total Factor Productivity in a Generalized Cost System PDF full book. Access full book title Estimating Total Factor Productivity in a Generalized Cost System by Philip Israilevich. Download full books in PDF and EPUB format.
Author: Philip Israilevich
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
Get Book Here
Book Description
Author: Philip Israilevich
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
Get Book Here
Book Description
Author: Philip R. Israilevich
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 178
Get Book Here
Book Description
Author: Charles R. Hulten
Publisher: University of Chicago Press
ISBN: 0226360644
Category : Medical
Languages : en
Pages : 648
Get Book Here
Book Description
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Author: Arrigo Opocher
Publisher: Cambridge University Press
ISBN: 1107097797
Category : Business & Economics
Languages : en
Pages : 233
Get Book Here
Book Description
This original book develops a systematic zero-net-profit comparative statics theory to shed new light on the microeconomics of industry equilibrium.
Author: Erkin Bairam
Publisher: Routledge
ISBN: 1351768905
Category : Business & Economics
Languages : en
Pages : 181
Get Book Here
Book Description
This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.
Author: Stanley L. Engerman
Publisher: University of Chicago Press
ISBN: 0226209318
Category : Business & Economics
Languages : en
Pages : 898
Get Book Here
Book Description
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
Author:
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 24
Get Book Here
Book Description
Author: Mike Tsionas
Publisher: Academic Press
ISBN: 0128158603
Category : Business & Economics
Languages : en
Pages : 1011
Get Book Here
Book Description
Panel Data Econometrics: Empirical Applications introduces econometric modelling. Written by experts from diverse disciplines, the volume uses longitudinal datasets to illuminate applications for a variety of fields, such as banking, financial markets, tourism and transportation, auctions, and experimental economics. Contributors emphasize techniques and applications, and they accompany their explanations with case studies, empirical exercises and supplementary code in R. They also address panel data analysis in the context of productivity and efficiency analysis, where some of the most interesting applications and advancements have recently been made. Provides a vast array of empirical applications useful to practitioners from different application environments Accompanied by extensive case studies and empirical exercises Includes empirical chapters accompanied by supplementary code in R, helping researchers replicate findings Represents an accessible resource for diverse industries, including health, transportation, tourism, economic growth, and banking, where researchers are not always econometrics experts
Author: Miguel A. Leon-Ledesma
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Capital-labour substitution and total factor productivity (TFP) estimates are essential features of many economic models. Such models typically embody a balanced growth path. This often leads researchers to estimate models imposing stringent prior choices on technical change. We demonstrate that estimation of the substitution elasticity and TFP growth can be substantially biased if technical progress is thereby mis-specified. We obtain analytical and simulation results in the context of a model consistent with balanced and near-balanced growth (i.e. departures from balanced growth but broadly stable factor shares). Given this evidence, a constant elasticity of substitution production function system is then estimated for the US economy. Results show that the estimated substitution elasticity tends to be significantly lower using a factor-augmenting specification (well below one). We are also able to reject conventional neutrality forms in favour of general factor augmentation with a non-negligible capital-augmenting component. Our work thus provides insights into production and supply-side estimation in balanced-growth frameworks.
Author: Charles R. Hulten
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 74
Get Book Here
Book Description
Economists have long recognized that total factor productivity is an important factor in the process of economic growth. However, just how important it is has been a matter of ongoing controversy. Part of this controversy is about methods and assumptions. Total factor productivity growth is estimated as a residual, using index number techniques. It is thus a measure of our ignorance, ' with ample scope for measurement error. Another source of controversy arises from sins of omission, rather than commission. A New Economy critique of productivity points to unmeasured gains in product quality, while an environmental critique points to the unmeasured costs of growth. This essay is offered as an attempt to address these issues. Its first objective is to explain the origins of the growth accounting and productivity methods now under scrutiny. It is a biography of an idea, is intended to show what results can be expected from the productivity framework and what cannot. The ultimate objective is to demonstrate the considerable utility of the idea, as a counter-weight to the criticism, often erroneous, to which it has been subjected. Despite its flaws, the residual has provided a simple and internally consistent intellectual framework for organizing data on economic growth, and has provided the theory to guide a considerable body of economic measurement
