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Author : Phoebus J. Dhrymes
Release : 1991
Genre : Industrial productivity
Kind : eBook
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Book Synopsis The Structure of Production Technology Productivity and Aggregation Effects by : Phoebus J. Dhrymes
Download or read book The Structure of Production Technology Productivity and Aggregation Effects written by Phoebus J. Dhrymes. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jay P. Choi
Release : 1991
Genre :
Kind : eBook
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Book Synopsis The Structure of Production Technology by : Jay P. Choi
Download or read book The Structure of Production Technology written by Jay P. Choi. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Susanto Basu
Release : 1995
Genre : Business cycles
Kind : eBook
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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.
Author : Robin C. Sickles
Release : 1992
Genre : Industrial productivity
Kind : eBook
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Book Synopsis The Structure of Technology, Substitution, and Productivity in the Interstate Natural Gas Transmission Industry Under the NGPA of 1978 by : Robin C. Sickles
Download or read book The Structure of Technology, Substitution, and Productivity in the Interstate Natural Gas Transmission Industry Under the NGPA of 1978 written by Robin C. Sickles. This book was released on 1992. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Pau Rabanal
Release : 2004-12-01
Genre : Business & Economics
Kind : eBook
Book Rating : 657/5 ( reviews)
Book Synopsis Technology Shocks and Aggregate Fluctuations by : Mr.Pau Rabanal
Download or read book Technology Shocks and Aggregate Fluctuations written by Mr.Pau Rabanal. This book was released on 2004-12-01. Available in PDF, EPUB and Kindle. Book excerpt: Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
