Share

Aggregate Productivity and the Productivity of Aggregates

1995 Business cycles
Download Aggregate Productivity and the Productivity of Aggregates PDF Online Free

Author :
Release : 1995
Genre : Business cycles
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Aggregate Productivity and the Productivity of Aggregates by : Susanto Basu

Download or read book Aggregate Productivity and the Productivity of Aggregates written by Susanto Basu. This book was released on 1995. Available in PDF, EPUB and Kindle. Book excerpt: Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models, however, explain this procyclicality within a representative-firm paradigm. This procedure is misleading. We decompose aggregate productivity changes into several terms, each of which has an economic interpretation. However, many of these terms measure composition effects such as reallocations of inputs across productive units. We apply this decomposition to U.S. data by aggregating from roughly the two-digit level to the private economy. We find that the compositional terms are significantly procyclical. Controlling for these terms virtually eliminates the evidence for increasing returns to scale, and implies that input growth is uncorrelated with technology change.

Productivity

2021-07-22 Business & Economics
Download Productivity PDF Online Free

Author :
Release : 2021-07-22
Genre : Business & Economics
Kind : eBook
Book Rating : 480/5 ( reviews)

GET EBOOK


Book Synopsis Productivity by : Bert M. Balk

Download or read book Productivity written by Bert M. Balk. This book was released on 2021-07-22. Available in PDF, EPUB and Kindle. Book excerpt: This book develops the theory of productivity measurement using the empirical index number approach. The theory uses multiplicative indices and additive indicators as measurement tools, instead of relying on the usual neo-classical assumptions, such as the existence of a production function characterized by constant returns to scale, optimizing behavior of the economic agents, and perfect foresight. The theory can be applied to all the common levels of aggregation (micro, meso, and macro), and half of the book is devoted to accounting for the links existing between the various levels. Basic insights from National Accounts are thereby used. The final chapter is devoted to the decomposition of productivity change into the contributions of efficiency change, technological change, scale effects, and input or output mix effects. Applications on real-life data demonstrate the empirical feasibility of the theory. The book is directed to a variety of overlapping audiences: statisticians involved in measuring productivity change; economists interested in growth accounting; researchers relating macro-economic productivity change to its industrial sources; enterprise micro-data researchers; and business analysts interested in performance measurement.

Aggregation, Efficiency, and Measurement

2010-06-02 Business & Economics
Download Aggregation, Efficiency, and Measurement PDF Online Free

Author :
Release : 2010-06-02
Genre : Business & Economics
Kind : eBook
Book Rating : 776/5 ( reviews)

GET EBOOK


Book Synopsis Aggregation, Efficiency, and Measurement by : Rolf Färe

Download or read book Aggregation, Efficiency, and Measurement written by Rolf Färe. This book was released on 2010-06-02. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together leading scholars to make connections between efficiency and a number of diverse areas of current interest to economists. Included are new results concerning aggregation of technical efficiency, sources of productivity growth in U.S. manufacturing, intellectual property rights, and the determinants of successful mergers.

The Aggregate Production Function and the Measurement of Technical Change

2013-10-31 Business & Economics
Download The Aggregate Production Function and the Measurement of Technical Change PDF Online Free

Author :
Release : 2013-10-31
Genre : Business & Economics
Kind : eBook
Book Rating : 684/5 ( reviews)

GET EBOOK


Book Synopsis The Aggregate Production Function and the Measurement of Technical Change by : Jesus Felipe

Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe. This book was released on 2013-10-31. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.

Aggregate Productivity Growth in the Presence of (persistently) Heterogeneous Firms

2019
Download Aggregate Productivity Growth in the Presence of (persistently) Heterogeneous Firms PDF Online Free

Author :
Release : 2019
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Aggregate Productivity Growth in the Presence of (persistently) Heterogeneous Firms by : Giovanni Dosi

Download or read book Aggregate Productivity Growth in the Presence of (persistently) Heterogeneous Firms written by Giovanni Dosi. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: In this article we propose a new methodology for computing the aggregate productivity of an industry, its variations and decompositions of the latter into changes of individual productivities (within effect) and changes in industry composition (between effect). Current aggregate measures rely on some weighted average of individual productivities, and decompositions distinguish between the effect of productivities and weights on variations of the average. However such aggregate measure is incoherent with the disaggregate one (the two are computed with different methodologies), is subject to aggregation biases, arbitrariness in the choice of weights, and information loss. Such problems are particularly serious when heterogeneity among firms is high. We propose instead a geometric approach where aggregate productivity can be measured directly on industry data, but nevertheless its variations can be decomposed into between and within effects plus an heterogeneity effect. We show that our measure does not incur in many of the problems of the weighted average and we also present an empirical application to European data.

You may also like...