Measuring Total Factor Productivity, Technical Change and the Rate of Returns to Research and Development

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Measuring Total Factor Productivity, Technical Change and the Rate of Returns to Research and Development by : Sang V. Nguyen

Download or read book Measuring Total Factor Productivity, Technical Change and the Rate of Returns to Research and Development written by Sang V. Nguyen and published by . This book was released on 1991 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

New Developments in Productivity Analysis

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Publisher : University of Chicago Press
ISBN 13 : 0226360644
Total Pages : 648 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis New Developments in Productivity Analysis by : Charles R. Hulten

Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.

Research and Productivity

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Publisher : Praeger
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Research and Productivity by : Ryuzo Sato

Download or read book Research and Productivity written by Ryuzo Sato and published by Praeger. This book was released on 1983 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic features of R & D and of technical change are presented in a descriptive fashion. An economic framework is then developed for studying endogenous technical change.

Full Industry Equilibrium

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Publisher : Cambridge University Press
ISBN 13 : 1107097797
Total Pages : 233 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Full Industry Equilibrium by : Arrigo Opocher

Download or read book Full Industry Equilibrium written by Arrigo Opocher and published by Cambridge University Press. This book was released on 2015-05-28 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original book develops a systematic zero-net-profit comparative statics theory to shed new light on the microeconomics of industry equilibrium.

Total Factor Productivity and the Measurement of Technological Change

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Total Factor Productivity and the Measurement of Technological Change by : Richard G. Lipsey

Download or read book Total Factor Productivity and the Measurement of Technological Change written by Richard G. Lipsey and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: TFP is interpreted in the literature in different, mutually contradictory ways. Changes in TFP are shown to measure not technological change, only the super-normal returns to investing in such change - returns that exceed the full opportunity cost of the activity. Thus, in the limit, technological change can proceed with unchanged TFP. Measuring the effects of technological change instead requires counterfactual estimates. Reasons why changes in TFP are imperfect measures of super normal returns are also studied - reasons connected with the timing of output responses, the treatment of R&D in the national accounts, the omission of resource inputs, and two types of aggregation.

R&D, Patents and Productivity

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Publisher : University of Chicago Press
ISBN 13 : 9780226308845
Total Pages : 532 pages
Book Rating : 4.3/5 (88 download)

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Book Synopsis R&D, Patents and Productivity by : National Bureau of Economic Research

Download or read book R&D, Patents and Productivity written by National Bureau of Economic Research and published by University of Chicago Press. This book was released on 1987-05-15 with total page 532 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

Multifactor Productivity Trends

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Multifactor Productivity Trends by :

Download or read book Multifactor Productivity Trends written by and published by . This book was released on 1995 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

R&D and Productivity

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Publisher : University of Chicago Press
ISBN 13 : 0226308901
Total Pages : 398 pages
Book Rating : 4.2/5 (263 download)

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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.

Industrial Productivity and Research and Development Indicators

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Industrial Productivity and Research and Development Indicators by : Jeffrey Ian Bernstein

Download or read book Industrial Productivity and Research and Development Indicators written by Jeffrey Ian Bernstein and published by . This book was released on 1984 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Total Factor Productivity Slowdown

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Publisher : International Monetary Fund
ISBN 13 : 1513551647
Total Pages : 24 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis U.S. Total Factor Productivity Slowdown by : Mr.Roberto Cardarelli

Download or read book U.S. Total Factor Productivity Slowdown written by Mr.Roberto Cardarelli and published by International Monetary Fund. This book was released on 2015-05-28 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market dynamism over the last two decades. Indeed, there are large differences in production efficiency across U.S. states, with the states having better educational attainment and greater investment in R&D being closer to the production “frontier.”

Long-Term Factors in American Economic Growth

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Publisher : University of Chicago Press
ISBN 13 : 0226209318
Total Pages : 898 pages
Book Rating : 4.2/5 (262 download)

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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

Center for Economic Studies Discussion Paper

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Center for Economic Studies Discussion Paper by :

Download or read book Center for Economic Studies Discussion Paper written by and published by . This book was released on 1988 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity and Inequality

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Publisher : Springer
ISBN 13 : 331968678X
Total Pages : 339 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Productivity and Inequality by : William H. Greene

Download or read book Productivity and Inequality written by William H. Greene and published by Springer. This book was released on 2018-02-02 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume highlights the state-of-the-art knowledge (including data analysis) of productivity, inequality and efficiency analysis. It showcases a selection of the best papers from the 9th North American Productivity Workshop. These papers are relevant to academia, but also to public and private sectors in terms of the challenges that firms, financial institutions, governments, and individuals may face when dealing with economic and education related activities that lead to increase or decrease of productivity. The volume also aims to bring together ideas from different parts of the world about the challenges those local economies and institutions may face when changes in productivity are observed. These contributions focus on theoretical and empirical research in areas including productivity, production theory and efficiency measurement in economics, management science, operation research, public administration, and education. The North American Productivity Workshop (NAPW) brings together academic scholars and practitioners in the field of productivity and efficiency analysis from all over the world, and this proceedings volume is a reflection of this mission. The papers in this volume also address general topics as education, health, energy, finance, agriculture, transport, utilities, and economic development, among others. The editors are comprised of the 2016 local organizers, program committee members, and celebrated guest conference speakers.

The Impacts of Research and Development Expenditures

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Publisher : Springer Science & Business Media
ISBN 13 : 1441975306
Total Pages : 128 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis The Impacts of Research and Development Expenditures by : John J. Wetter

Download or read book The Impacts of Research and Development Expenditures written by John J. Wetter and published by Springer Science & Business Media. This book was released on 2010-11-03 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research underlying this volume was designed to test the theory of Total Factor Productivity (TFP) in contemporary context. Developed by Nobel Prize-winning economist, Robert Solow, in the 1950s, TFP has been applied by many economists to investigate the relationships among capital, labor, and economic performance. In this analysis, John Wetter presents the hypothesis that technological investment drives growth and performance of the U.S. economy. The study addresses four key questions: 1. Is there a relationship between Total Factor Productivity and Gross National Product? 2. Is there a relationship between Total Factor Productivity and Research & Development expenditures? 3. Is there a relationship between Research & Development expenditures and Gross Domestic Product? 4. Can the relationship in research question #1 be explained by other factors? Is there any potential non-spuriousness (mediation) implication to the relationship? Synthesizing the literature from related fields, including macroeconomics, technology transfer, and innovation, and applying rigorous methodology, Wetter demonstrates that Total Factor Productivity is positively related to Gross Domestic Product and is mediated by Research & Development. In addition, he reveals that the lag time between R&D spending and GDP growth averages eleven years, which suggests that long-term planning is essential to maximizing the benefits of R&D. Wetter considers the implications for policymaking and industry leadership, including such timely issues as the effects of the 2009 U.S. stimulus program.

The Economics of Research and Technology

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Publisher : Routledge
ISBN 13 : 1351163795
Total Pages : 173 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis The Economics of Research and Technology by : Keith Norris

Download or read book The Economics of Research and Technology written by Keith Norris and published by Routledge. This book was released on 2018-04-09 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1973 this book applies economic analysis to scientific research and to industrial reserch and development and analyses the interactions between these activities and economic activities in general. The book begins by looking at the relationships between science and technology and then: Analyses research and development in manufacturing industry Explains the different levels of expenditure in research and development in different industries and the role of such expenditure in the growth of firms Looks at the distribution of science and technology expenditure Discusses the international transfer of technology The book draws on evidence from several fields of study and imposes a theme upon the variety of evidence.

Productivity Measurement and Analysis

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Publisher : OECD Publishing
ISBN 13 : 9264044612
Total Pages : 556 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Productivity Measurement and Analysis by : OECD

Download or read book Productivity Measurement and Analysis written by OECD and published by OECD Publishing. This book was released on 2009-04-28 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the proceedings of two workshops on productivity measurement and analysis, which brought together representatives of statistical offices, central banks and other officials involved with the analysis and measurement of productivity at aggregate and industry levels.

Measuring Total Factor Productivity Using the Enterprise Surveys

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Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Measuring Total Factor Productivity Using the Enterprise Surveys by : David C. Francis

Download or read book Measuring Total Factor Productivity Using the Enterprise Surveys written by David C. Francis and published by . This book was released on 2020 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Total factor productivity is a key element of economic growth and an important performance metric for policy makers. This note describes the methodology for measuring firm-level total factor productivity using the World Bank's Enterprise Surveys cross-country data. It also presents some estimates recovered from the production function. Two versions of the production function are estimated: one Cobb-Douglas, the other a more flexible translog specification. Both estimations are at the two-digit industry level pooling all the Enterprise Surveys data across economies. Evidence is found against using a Cobb-Douglas specification, which is more parsimonious, and in favor of using the flexible translog specification. The resulting firm-level estimates are all published in the Enterprise Surveys database with a unique firm identifier to link to the rest of the Enterprise Surveys data; because the estimates are reliant on new data, they are updated periodically as new Enterprise Surveys data become available. The results show that: (i) median firms operate close to constant returns to scale; (ii) gross-output and value-added production functions provide similar ranking of sectors in terms of output elasticities, capital intensity, and returns to scale; (iii) there is large, firm-level heterogeneity in output elasticities; and (iv) gross-output-based total factor productivity measures are less dispersed than the value-added ones.