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Interindustry Differences In Productivity Growth And Technical Inefficiency
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Book Synopsis Interindustry Differences in Productivity Growth by : John W. Kendrick
Download or read book Interindustry Differences in Productivity Growth written by John W. Kendrick and published by Washington, D.C. : American Enterprise Institute. This book was released on 1983 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical analysis of industrial sector productivity growth in the USA - discusses industrial production and labour productivity trends (1948-1979) by industry, and correlations with capital worker ratio, research and development, industrial investment, woman worker labour force participation, economic concentration, reduced hours of work, layoffs, economies of scale, industrial product prices, trade unionization, etc.; and comments on economic legislation. Diagrams, graphs and references.,
Book Synopsis INTERINDUSTRY DIFFERENCES IN PRODUCTIVITY GROWTH AND TECHNICAL ENEFFICIENCY by : Richard Earl CAVES
Download or read book INTERINDUSTRY DIFFERENCES IN PRODUCTIVITY GROWTH AND TECHNICAL ENEFFICIENCY written by Richard Earl CAVES and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Interindustry Differences in Productivity Growth and Technical Inefficiency by : Richard E. Caves
Download or read book Interindustry Differences in Productivity Growth and Technical Inefficiency written by Richard E. Caves and published by . This book was released on 1985 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Inter-Industry Effect of Productivity on Employment by : Jin Woong Kim
Download or read book The Inter-Industry Effect of Productivity on Employment written by Jin Woong Kim and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of technology improves the efficiency of the production process and increases the competitiveness of the commodity produced in general. Considering an open economy, technology raises a price and a quality competitiveness of domestic goods in the international market. Therefore, technology innovation is known to be one of the most essential factors in economic growth. However, there are two different views regarding to the effects of technology on employment. A negative insight of technology on employment insists that a simple labor-saving technology innovation like the introduction of automated equipment increases value-added at the expense of unskilled labor. On the contrary, technology innovation in some industries causes ultimate growth in the industry, and subsequently requires more employment. This is the income effect of technology innovation. Besides technology innovation in some industries spills over into other industries, leads to their growth, and brings about positive inter-industry effects from the technology. These two insights regarding to the technology effect on employment have been cited in the previous literature. First, with the negative aspects, Gali (1999) shows that positive technology innovation reduced U.S. total work hours in the short run. Francis and Ramsey(2005) and Basu, Fernald, and Kimball(2006) also suggest that an aggregate technology shock can reduce the use of labor, investment and real interest rates, even in the short run. And Canova, Lopez-Salido, and Michelacci(2007) suggest that a possible reason for this mechanism is “search friction” in the labor market. Kim, Choi, and Lee (2007) investigate the effects of labor productivity shocks on employment in aggregate, manufacturing, services, ICT, and non-ICT industries using 1993~2006 data in Korea. They show that a productivity shock in an industry reduces employment of the industry in the short run, but the positive transmission effects of productivity on employment exist from non-ICT innovation to ICT employment. Choi and Lee(2008) provide that employment was reduced, especially in for unskilled jobs, by technological development and globalization during the years 1991~2007 in Korea. They estimate that the reduction was 11,000 job positions as an annual average.6) Kim(2008b) insists that the technology innovation in Korea has had a labor saving feature. As empirical evidence, he showed the negative relationship between productivity and employment using panel model with 1993~2007 data.However, some studies show that the effect of technology on employment can be positive. The idea is based on the theory of RBC(Real Business Cycle), of which technology innovation increases employment as well as production. Related past studies are summarized in Christiano et al.(2003) and Uhlig (2004).8) Kim(2001)9) provides that there has been no significant employment reduction effect in Korea since 1970 using the empirical method of Gali (1999). Also, Kang(2006)10) uses the same empirical method with Gali(1999) and shows that the effects of technology innovation on employment can be different across industries. The effects were significantly positive in manufacturing, but insignificant in services.This paper investigates the effect of productivity on employment and also tests whether the effect has changed from the year 2000. In particular, the paper attempts to include the inter-industry effect of productivity on employment. The initiative of considering inter-industrial effect of productivity starts from Kim and Kim(2008)11) which investigates the effect of total factor productivity on investment and employment and shows two different empirical results by model specification; the effect was positive using national level data, but was negative using industry panel data. We have outlined the purpose of the paper and related studies in this first section. In section 2, the data for the empirical analysis is described. Section 3 and section 4 show the empirical model specifications for analysis and the subsequent results. Section 5 provides the conclusion and implications from the empirical results.
Book Synopsis Structural Reforms, Productivity and Technological Change in Latin America by : Jorge M. Katz
Download or read book Structural Reforms, Productivity and Technological Change in Latin America written by Jorge M. Katz and published by United Nations Publications. This book was released on 2001 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
Book Synopsis Firm Innovation and Productivity in Latin America and the Caribbean by : Inter-American Development Bank
Download or read book Firm Innovation and Productivity in Latin America and the Caribbean written by Inter-American Development Bank and published by Springer. This book was released on 2016-07-01 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.
Download or read book Productivity written by Dale W. Jorgenson and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Long-Term Factors in American Economic Growth by : Stanley L. Engerman
Download or read book Long-Term Factors in American Economic Growth written by Stanley L. Engerman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt: These classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. "A 'must have' in the library of the serious economic historian."—Samuel Bostaph, Southern Economic Journal
Book Synopsis R&D and Productivity by : Zvi Griliches
Download or read book R&D and Productivity written by Zvi Griliches and published by University of Chicago Press. This book was released on 2007-12-01 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zvi Griliches, a world-renowned pioneer in the field of productivity growth, has compiled in a single volume his pathbreaking research on R&D and productivity. Griliches addresses the relationship between research and development (R&D) and productivity, one of the most complex yet vital issues in today's business world. Using econometric techniques, he establishes this connection and measures its magnitude for firm-, industry-, and economy-level data. Griliches began his studies of productivity growth during the 1950s, adding a variable of "knowledge stock" to traditional production function models, and his work has served as the point of departure for much of the research into R&D and productivity. This collection of essays documents both Griliches's distinguished career as well as the history of this line of thought. As inputs into production increasingly taking the form of "intellectual capital" and new technologies that are not as easily measured as traditional labor and capital, the methods Griliches has refined and applied to R&D become crucial to understanding today's economy.
Book Synopsis Patterns and Determinants of Inefficiency in State Manufacturing by : Patricia Ethel Beeson
Download or read book Patterns and Determinants of Inefficiency in State Manufacturing written by Patricia Ethel Beeson and published by . This book was released on 1986 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Input-output Structure of the U.S. Economy: 1947 by : United States. Office of Business Economics
Download or read book Input-output Structure of the U.S. Economy: 1947 written by United States. Office of Business Economics and published by . This book was released on 1970 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inefficiency in Industry by : David G. Mayes
Download or read book Inefficiency in Industry written by David G. Mayes and published by . This book was released on 1994 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors of this book examine the nature and causes of inefficiency in manufacturing industry. They provide a detailed examination of the nature of inefficiency and the issues involved in its measurement. A detailed examination of inefficiency in Australian and British industry is made with an identification of the sources of inefficiency and a comparison of the two countries. The implications for government policy and industrial strategy are analyzed.
Book Synopsis Subsidization and Structural Change in Eastern Germany by : Katja Gerling
Download or read book Subsidization and Structural Change in Eastern Germany written by Katja Gerling and published by Springer Science & Business Media. This book was released on 2002-06-20 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic policy interventions of a scale as effected in Eastern Germany can be expected to have a significant impact on the economy. The question whether investment subsidization as a core policy instrument is a suitable measure to initiate a self-sustaining upswing in the Eastern German economy and an improvement of living standards has been reason for dispute since the beginning of transition. Using econometric techniques, the study analyzes the effects of investment subsidies on economic structure, employment and productivity in the Eastern German industry. The study suggests that there is a need for redesigning subsidization and changing infrastructure and labor market policies.
Book Synopsis An Introduction to Efficiency and Productivity Analysis by : Timothy J. Coelli
Download or read book An Introduction to Efficiency and Productivity Analysis written by Timothy J. Coelli and published by Springer Science & Business Media. This book was released on 2005-07-22 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters. Data sets, computer codes and software will be available for download from the web to accompany the volume.
Book Synopsis Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises by : Ms. Emilia M Jurzyk
Download or read book Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises written by Ms. Emilia M Jurzyk and published by International Monetary Fund. This book was released on 2021-03-12 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.
Book Synopsis Technological Change and Productivity Growth in Manufacturing Sector of India by : N. G. Pendse
Download or read book Technological Change and Productivity Growth in Manufacturing Sector of India written by N. G. Pendse and published by Sarup & Sons. This book was released on 2008 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of Alternative Mechanisms for Selecting Arbitrators by : David E. Bloom
Download or read book An Analysis of Alternative Mechanisms for Selecting Arbitrators written by David E. Bloom and published by . This book was released on 1986 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
