The Aggregate Production Function and the Measurement of Technical Change PDF Download
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Author: Jesus Felipe
Publisher: Edward Elgar Publishing
ISBN: 1782549684
Category : Business & Economics
Languages : en
Pages : 400
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Book Description
This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Author: Jesus Felipe
Publisher: Edward Elgar Publishing
ISBN: 1782549684
Category : Business & Economics
Languages : en
Pages : 400
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Book Description
This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Author: Thomas R. Michl
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
Author: Robert Merton Solow
Publisher:
ISBN:
Category :
Languages : en
Pages : 9
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Book Description
Author: Jesus Felipe
Publisher:
ISBN:
Category : Production functions (Economic theory)
Languages : en
Pages : 0
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Book Description
Author: J. S. L. McCombie
Publisher:
ISBN: 9781857570380
Category : Economics
Languages : en
Pages : 19
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Book Description
Author: Joseph Owen ARATA
Publisher:
ISBN:
Category : Production functions (Economic theory)
Languages : en
Pages : 182
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Book Description
Author: Aubrey White Bogle
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 72
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Author: Francesco A. Franco
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
The aggregate production function is at the center of contemporaneous macroeconomics. Both growth and business cycle theories offer predictions that depend on the specification of the aggregate technology. In this paper I postulate that the specification of the aggregate technology is endogenous and I study if the aggregate production function mutates in response to changes in the economic environment. To some extent the previous statement is obvious: the aggregate production function is, leaving existence issues aside, the aggregation of all the micro-technologies present in the economy. If the micro-technologies change in time so should do the aggregate technology. I define the aggregate short-run technology and the aggregate long-run technology respectively a mapping from the variable input to output and a mapping from aggregate investment to future capacity. To study mutations that affect short run fluctuations I consider the aggregate output elasticity with respect to the labor supply shocks. To study mutations that affect the long-run I consider the elasticity of capacity with respect to investment. I use a detailed dataset that covers the US manufactirung sector. The results show that the short-run elasticity does not appear to have changed in the sample while the long-run as increased. Finally I show that the long-run technology is a complicated function but that is well approximated by a Cobb-Douglas.
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: Mohamad Rismanchian
Publisher:
ISBN:
Category : Construction industry
Languages : en
Pages : 128
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Book Description
