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Author : Sumru Altug
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.X/5 (6 download)
Download or read book Estimates of the Returns to Scale for US Manufacturing written by Sumru Altug and published by . This book was released on 1999 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sumru Altuğ
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (13 download)
Download or read book Estimates of the Returns on Scale for U.S. Manufacturing written by Sumru Altuğ and published by . This book was released on 1997 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Susanto Basu
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (318 download)
Download or read book Returns to Scale in U.S. Production written by Susanto Basu and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas W. Ross
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (112 download)
Download or read book Returns to Scale in U.S. Production, Redux written by Thomas W. Ross and published by . This book was released on 2019 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate constant returns or slightly decreasing returns at the industry level in the private U.S. economy over the past 30 years, using two separate industry datasets. An intuitive identity linking returns to scale, the markup, and the profit rate, gives an implied markup of approximately 12 percent, smaller than the estimates in the recent literature ranging from 15-40 percent. Put differently, given our estimated profit rate, large markups imply strongly increasing returns, which are not evident in the aggregate data. These findings suggest that approximately constant returns to scale in the U.S. economy are consistent with a relatively small aggregate markup in the post-1990 period.
Author : Susanto Basu
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (318 download)
Download or read book Constant Returns and Small Markups in U.S. Manufacturing written by Susanto Basu and published by . This book was released on 1994 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yoram Bellicha
Publisher :
ISBN 13 :
Total Pages : 382 pages
Book Rating : 4.:/5 (615 download)
Download or read book Estimating Returns to Scale in Selected Manufacturing Industries in Canada written by Yoram Bellicha and published by . This book was released on 1979 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Miguel Jimenez
Publisher : Routledge
ISBN 13 : 1317512111
Total Pages : 197 pages
Book Rating : 4.3/5 (175 download)
Download or read book Cyclical Productivity in US Manufacturing (RLE: Business Cycles) written by Miguel Jimenez and published by Routledge. This book was released on 2015-03-27 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents several pieces of empirical work which disentangle why the standard measure of productivity growth used in macroeconomics turn out to be procyclical for American manufacturing industries. Procyclical productivity is an essential feature of business cycles because of its important implications for macroeconomic modelling. The author explains why traditional Keynesian theories of the business cycle do not explain satisfactorily why productivity is procyclical, and argues that the force of technology for generating economic cycles is much more important than that of the management or mismanagement of monetary or fiscal policies. This book is aimed at those working in empirical macroeconomics but also industrial economics.
Author : Ricardo J. Caballero
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Role of External Economies in U.S. Manufacturing written by Ricardo J. Caballero and published by . This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a method for joint estimation of both the degree of internal returns to scale and the extent of external economies. We apply the method in estimating returns to scale indexes for U.S. manufacturing industries at the two-digit level. Overall, we find that only three of the twenty industry categories show any evidence of internal increasing returns: (1) Primary Metals, (2) Electrical Machinery, and (3) Paper Products. More striking, however, is the very strong evidence of the existence of external economies, where external is defined as external to a given two-digitindustry and internal to the U.S.. According to our preferred estimates, if all manufacturing industries simultaneously raise their inputs by 10%, aggregate manufacturing production rises by 13%, of which about 5% is due to external economies. Thus, when an industry increases its inputs in isolation by 10%, its output rises by no more than 8%.
Author : Daniel Shefer
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (641 download)
Download or read book Cross-Sectional Estimates of Elasticities of Substitution and Returns to Scale by Size of Establishment for Two-digit U. S. Manufacturing Industries written by Daniel Shefer and published by . This book was released on 1972 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeanne Lafortune
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (124 download)
Download or read book Changing Returns to Scale in Manufacturing 1880-1930 written by Jeanne Lafortune and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates returns to scale for manufacturing industries around the turn of the twentieth century in the United States by exploiting an industry-city panel data for the years 1880-1930. We estimate decreasing returns to scale on average over the period, contrary to most of the existing literature, because our empirical methodology allows us to separate returns to scale from "agglomeration" effects. We also find that returns to scale grew substantially after 1910, mostly because the return to labor grew. We find that this was more marked in industries that were more intensive in human capital and energy at the beginning of the period and in cells that were less competitive. Overall, results suggest that technological change and lack of initial competition played relevant roles in the rise of larger establishments in manufacturing.
Author : James R. Tybout
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4./5 ( download)
Download or read book Estimating Returns to Scale with Large Imperfect Panels written by James R. Tybout and published by World Bank Publications. This book was released on with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Zvi Griliches
Publisher : University of Chicago Press
ISBN 13 : 0226308928
Total Pages : 525 pages
Book Rating : 4.2/5 (263 download)
Download or read book R&D, Patents and Productivity written by Zvi Griliches and published by University of Chicago Press. This book was released on 2007-11-01 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An essential reference for specialists in the economics of technological change."--D. G. McFertridge, Canadian Journal of Economics
Author : Jeremy Atack
Publisher : Routledge
ISBN 13 : 1351342096
Total Pages : 239 pages
Book Rating : 4.3/5 (513 download)
Download or read book Estimation of Economies of Scale in Nineteenth Century United States Manufacturing written by Jeremy Atack and published by Routledge. This book was released on 2018-01-12 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: On economies of scale during the nineteenth century, much is assumed, but little is known. This study, first published in 1985, seeks to close this gap in our knowledge by providing comprehensive empirical evidence on the status of economies of scale in mid-nineteenth century manufacturing industry. This evidence is in the form of production function estimates made using data from the manuscripts of the federal censuses of manufacturing for 1850, 1860 and 1870.
Author : Catherine J. Morrison Paul
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book External Capital Factors and Increasing Returns in U.S. Manufacturing written by Catherine J. Morrison Paul and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theoretical models of endogenous growth identify capital accumulation and returns as a potential stimulus to economic growth. Existing empirical studies, however, are based on a limited notion of these returns, which follows from the simple production function framework used for estimation. The purpose of this study is to examine growth issues using dynamic cost function estimation. This methodology enables us to broaden the concept of returns to include returns arising from short-run quasi-fixity of private capital, long-run (internal) scale economies, and external "knowledge" factors--overall investment in research (R&D), technology (high-tech capital), and education (human capital). Based on detailed industry-level data, we find evidence of increasing returns to scale arising from cost savings on variable inputs, although diminishing returns to capital are prevalent. Our results also show that knowledge factors augment growth. More importantly, they appear to explain a substantial proportion of measured scale economies.
Author : Takuji Kawamoto
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)
Download or read book What Do the Purified Solow Residuals Tell Us about Japan's Lost Decade? written by Takuji Kawamoto and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Timothy William McGuire
Publisher :
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.F/5 ( download)
Download or read book An Empirical Investigation of the U.S. Manufacturing Production Function in the Post-war Period written by Timothy William McGuire and published by . This book was released on 1968 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas A. Lubik
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (13 download)
Download or read book How Large are Returns to Scale in the U.S.? A View Across the Boundary written by Thomas A. Lubik and published by . This book was released on 2017 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: I study the degree of returns to scale in aggregate U.S. data by estimating the standard RBC model with and without variable capacity utilization using Bayesian methods. The source of increasing returns is the presence of an externality in production. I find that, at best, returns are mildly increasing at a level statistically indistinguishable from the constant-returns case. A high enough degree of increasing returns is needed to support equilibrium indeterminacy and sunspot-driven business cycle fluctuations. In my estimation results, I find that I can conclusively rule out this possibility on account of a low estimated degree of increasing returns and a fairly inelastic labor supply.
