Measuring Total Factor Productivity, Technical Change and the Rate of Returns to Research and Development PDF Download
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Author: Sang V. Nguyen
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 42
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Book Description
Author: Sang V. Nguyen
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 42
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Book Description
Author: Charles R. Hulten
Publisher: University of Chicago Press
ISBN: 0226360644
Category : Medical
Languages : en
Pages : 648
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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: Ryuzo Sato
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
The basic features of R & D and of technical change are presented in a descriptive fashion. An economic framework is then developed for studying endogenous technical change.
Author: Arrigo Opocher
Publisher: Cambridge University Press
ISBN: 1107097797
Category : Business & Economics
Languages : en
Pages : 233
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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:
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 24
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Book Description
Author: Richard G. Lipsey
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
TFP is interpreted in the literature in different, mutually contradictory ways. Changes in TFP are shown to measure not technological change, only the super-normal returns to investing in such change - returns that exceed the full opportunity cost of the activity. Thus, in the limit, technological change can proceed with unchanged TFP. Measuring the effects of technological change instead requires counterfactual estimates. Reasons why changes in TFP are imperfect measures of super normal returns are also studied - reasons connected with the timing of output responses, the treatment of R&D in the national accounts, the omission of resource inputs, and two types of aggregation.
Author: National Bureau of Economic Research
Publisher: University of Chicago Press
ISBN: 9780226308845
Category : Business & Economics
Languages : en
Pages : 532
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Book Description
"An essential reference for specialists in the economics of technological change."--D. G. McFertridge, Canadian Journal of Economics
Author: Zvi Griliches
Publisher: University of Chicago Press
ISBN: 0226308901
Category : Business & Economics
Languages : en
Pages : 398
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Book Description
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.
Author: Jeffrey Ian Bernstein
Publisher:
ISBN:
Category : Capital productivity
Languages : en
Pages : 40
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Book Description
Author: Mr.Roberto Cardarelli
Publisher: International Monetary Fund
ISBN: 1513551647
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
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.”
