(2007). "The Origins of US Total Factor Productivity Growth in the Golden Age," Cliometrica 1: 63-90.Field, Alexander. 2006. "The Origins of U.S. Total Factor Productivity Growth in the Golden Age." Manuscript, Santa Clara.Univerity....
A consideration of TFP growth in the United States during the golden age (1948–1973) raises two related questions: on the one hand why was it so strong and on the other hand, why were TFP growth rates lower than they were during the Depression years (1929–1941)? A continuing downward...
Total factor productivity (TFP) is the main driver of growth in most mature economies, and understanding the determinants of TFP growth is essential in devising policies that help to enhance growth prospects. Most existing analyses aimed at analysing the determinants of TFP growth take either an ...
Dynamic effects of health and inter-state and inter-industry knowledge spillovers, Total Factor Productivity (TFP) growth and convergence in US agriculture are examined using recently developed procedures for panel data and a growth accounting model. Strong evidence is found to support the hypothesis ...
The parametric estimates of total factor productivity growth are compared with existing Divisia measures to explore the shortcomings of the growth accounting technique. These long-run patterns hold implications for the productivity convergence hypothesis traced to knowledge spillovers between industries.doi:...
In order to implement the decomposition of total factor productivity growth, we need to parameterize and calculate the parameters of an output distance function. Here we choose to parameterize Do(y,x,t) as a translog function, which is the functional form often employed to model bank technology...
Recent studies on productivity growth show how competition affects innovation and TFP growth in OECD countries, but do not explicitly account for sectoral ... T Strobel - 《Empirica》 被引量: 3发表: 2012年 The EU-US total factor productivity gap This paper uses the EU KLEMS industry growth ...
Nonparametric methods are used to calculate total factor productivity relative to a frontier production function and to estimate the transition density. The shape of the transition density leads to the conclusion that persistence relative to the frontier function plays a substantial role in sectoral ...
We analyse the productivity growth patterns in the US dairy products industry using the Census Bureau's plant-level data set. We decompose Total Factor Productivity (TFP) growth into the scale and technical change components and analyse variability of plants' productivity by constructing transition mat...
rising labor participation rates since the 1990s, bolstering their total economic growth, labor participation in the United States has declined by 4 percent since its peak in 1998. This adds a further headwind to economic growth, and one to be confronted in concert with reviving productivity. ...