The Price of Capital Goods: A Driver of Investment Under Threat

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149832343X
Total Pages : 86 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Price of Capital Goods: A Driver of Investment Under Threat by : Weicheng Lian

Download or read book The Price of Capital Goods: A Driver of Investment Under Threat written by Weicheng Lian and published by International Monetary Fund. This book was released on 2019-06-28 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going forward.

Investing for Productivity and Prosperity

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Author :
Publisher : National Academies
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.1/5 (121 download)

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Book Synopsis Investing for Productivity and Prosperity by :

Download or read book Investing for Productivity and Prosperity written by and published by National Academies. This book was released on 1994 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Productivity

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 808 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Productivity by : Dale Weldeau Jorgenson

Download or read book The Economics of Productivity written by Dale Weldeau Jorgenson and published by Edward Elgar Publishing. This book was released on 2009 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: The remarkable behavior of information technology prices provides the key to the resurgence of productivity growth in the USA and the world economy. This title presents the contemporary framework for productivity measurement that focuses on the impact of information technology on economic growth.

Information Technology and the Productivity Paradox

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Author :
Publisher : Oxford University Press
ISBN 13 : 9780198028383
Total Pages : 254 pages
Book Rating : 4.0/5 (283 download)

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Book Synopsis Information Technology and the Productivity Paradox by : Henry C. Lucas Jr.

Download or read book Information Technology and the Productivity Paradox written by Henry C. Lucas Jr. and published by Oxford University Press. This book was released on 1999-04-29 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: From networks to databases, email to voicemail, the amount of capital being invested in information technology each year is staggering. By 1996, U.S. firms were spending more than $500 billion annually on software, networks and staff. The recently merged Bank of America and NationsBank have an initial IT budget of 4 billion dollars. As firms like this push rapidly into the business world of the 21st century, the question has remained: how do firms measure returns from these substantial investments in information technology? Henry C. Lucas, effectively answers this question by providing a creative and reliable framework for measuring the competitive advantages and profits gained through investments in state-of-the-art information systems. There is value in information technology, and it is possible to show returns, Lucas argues--unfortunately this value just doesn't always show up clearly on the bottom line of a ledger. In five expertly presented sections, he spells out exactly what businesses can expect from their information technology investments--some investments create a measurable value, some do not, but all are important nonetheless. Through a precise mix of frameworks and models, such as an Investment Opportunities Matrix, and punctuated with real examples from successful firms, this is the first book to allow executives to see exactly how their information technology investment can be expected to return value, thereby maximizing their advantages in an age of global competitiveness. Indeed, firms who manage their information systems most efficiently are best suited to succeed in a rapidly evolving marketplace. With so much at stake, Information Technology is certain to be the essential guide for firms determined to compete and flourish in the highly competitive economy of the next century.

Productivity, Prices, and Incomes

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Author :
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Productivity, Prices, and Incomes by : United States. Congress. Joint Economic Committee

Download or read book Productivity, Prices, and Incomes written by United States. Congress. Joint Economic Committee and published by . This book was released on 1967 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report and statistical tables on productivity, prices and incomes, prepared for the joint economic committee of the congress of the USA - covers industrial production and agricultural production.

The Macroeconomic Effects of Public Investment

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Publisher : International Monetary Fund
ISBN 13 : 1484361555
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Macroeconomic Effects of Public Investment by : Mr.Abdul Abiad

Download or read book The Macroeconomic Effects of Public Investment written by Mr.Abdul Abiad and published by International Monetary Fund. This book was released on 2015-05-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public-debt-to-GDP ratio may actually decline. Public investment is also more effective in boosting output in countries with higher public investment efficiency and when it is financed by issuing debt.

Productivity in the U.S. Services Sector

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Author :
Publisher : Rowman & Littlefield
ISBN 13 : 0815796633
Total Pages : 418 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Productivity in the U.S. Services Sector by : Jack E. Triplett

Download or read book Productivity in the U.S. Services Sector written by Jack E. Triplett and published by Rowman & Littlefield. This book was released on 2004-09-21 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The services industries—which include jobs ranging from flipping hamburgers to providing investment advice—can no longer be characterized, as they have in the past, as a stagnant sector marked by low productivity growth. They have emerged as one of the most dynamic and innovative segments of the U.S. economy, now accounting for more than three-quarters of gross domestic product. During the 1990s, 19 million additional jobs were created in this sector, while growth was stagnant in the goods-producing sector. Here, Jack Triplett and Barry Bosworth analyze services sector productivity, demonstrating that fundamental changes have taken place in this sector of the U.S. economy. They show that growth in the services industries fueled the post-1995 expansion in the U.S. productivity and assess the role of information technology in transforming and accelerating services productivity. In addition to their findings for the services sector as a whole, they include separate chapters for a diverse range of industries within the sector, including transportation and communications, wholesale and retail trade, and finance and insurance. The authors also examine productivity measurement issues, chiefly statistical methods for measuring services industry output. They highlight the importance of making improvements within the U.S. statistical system to provide the more accurate and relevant measures essential for analyzing productivity and economic growth.

Global Productivity

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Capital for Productivity and Jobs

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Author :
Publisher : Prentice Hall
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (41 download)

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Book Synopsis Capital for Productivity and Jobs by : American Assembly

Download or read book Capital for Productivity and Jobs written by American Assembly and published by Prentice Hall. This book was released on 1977 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph examining the causes of reduced capital investment and the consequences for economic growth and full employment in the USA - contains seven contributions dealing with issues of investment policy, together with aspects of investment requirements for business, housing, human capital etc., investigates changes in national level saving in the period from 1946 to 1975, and discusses the role of appropriate fiscal policy and productivity policies. Bibliography after each chapter, diagrams and statistical tables.

Economic Analysis and Infrastructure Investment

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Author :
Publisher : University of Chicago Press
ISBN 13 : 022680058X
Total Pages : 479 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Economic Analysis and Infrastructure Investment by : Edward L. Glaeser

Download or read book Economic Analysis and Infrastructure Investment written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2021-11-11 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

The Productivity Puzzle: Restoring Economic Dynamism

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960848
Total Pages : 274 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis The Productivity Puzzle: Restoring Economic Dynamism by : David Adler

Download or read book The Productivity Puzzle: Restoring Economic Dynamism written by David Adler and published by CFA Institute Research Foundation. This book was released on 2019-10-30 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is a collection of articles on productivity and related topics submitted by speakers at an interdisciplinary November 2017 conference sponsored by, among others, the CFA Institute Research Foundation, with additional articles solicited by the editors from noted experts on the field.

Linking Investment Spikes and Productivity Growth

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

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Book Synopsis Linking Investment Spikes and Productivity Growth by : Pinar Celikkol Geylani

Download or read book Linking Investment Spikes and Productivity Growth written by Pinar Celikkol Geylani and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the relationship between productivity growth and investment spikes using Census Bureau's plant-level data set for the U.S. food manufacturing industry. We find that productivity growth increases after investment spikes suggesting an efficiency gain or plants' learning effect. However, efficiency and the learning period associated with investment spikes differ among plants' productivity quartile ranks implying the differences in the plants' investment types such as expansionary, replacement or retooling. We find evidence of both convex and non-convex types of adjustment costs where lumpy plant-level investments suggest the possibility of non-convex adjustment costs and hazard estimation results suggest the possibility of convex adjustment costs. The downward sloping hazard can be due to the unobserved heterogeneity across plants such as plants' idiosyncratic obsolescence caused by different R&D capabilities and implies the existence of convex adjustment costs. Food plants frequently invest during their first few years of operation and high productivity plants postpone investing due to high fixed costs.

New Developments in Productivity Analysis

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Author :
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.

Productivity and the Bonus Culture

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Author :
Publisher : Oxford University Press, USA
ISBN 13 : 0198836112
Total Pages : 191 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Productivity and the Bonus Culture by : Andrew Smithers

Download or read book Productivity and the Bonus Culture written by Andrew Smithers and published by Oxford University Press, USA. This book was released on 2019-07-11 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Living standards in the UK and US are in danger of falling. A decline in growth due to poor productivity and an unfavourable change in demography has weakened the stand of liberal democracy, and voter dissatisfaction is encouraging populist policies that threaten even worse outcomes. Whilst living standards once grew faster than productivity they now grow more slowly, and the working population is no longer growing faster than the population as a whole. To avoid falling living standards the productivity problem must be addressed. Andrew Smithers argues that faster productivity does not depend, as many suggest, on technology; it also relies on investment. Current growth theory is based on a faulty model which has induced pessimism about our ability to encourage more growth. Productivity and the Bonus Culture sets out a revised model which demonstrates that weakness in productivity is the result of the bonus culture, and suggests ways to change this flawed system so that investment is encouraged and growth returns.

Information Technology and the Productivity Paradox

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Author :
Publisher : Oxford University Press, USA
ISBN 13 : 0195121597
Total Pages : 238 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Information Technology and the Productivity Paradox by : Henry C. Lucas

Download or read book Information Technology and the Productivity Paradox written by Henry C. Lucas and published by Oxford University Press, USA. This book was released on 1999 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a reliable framework for measuring the competitive advantages and profits gained through investments in state-of-the-art information systems. 7 linecuts.

Credit Supply and Productivity Growth

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498315917
Total Pages : 75 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Credit Supply and Productivity Growth by : Francesco Manaresi

Download or read book Credit Supply and Productivity Growth written by Francesco Manaresi and published by International Monetary Fund. This book was released on 2019-05-17 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations, together with a natural experiment, to measure idiosyncratic supply-side shocks to credit availability and to estimate a production model augmented with financial frictions. We find that a contraction in credit supply causes a reduction of firm TFP growth and also harms IT-adoption, innovation, exporting, and adoption of superior management practices, while a credit expansion has limited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts for about a quarter of observed the decline in TFP.

Digital Deflation

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Author :
Publisher : McGraw Hill Professional
ISBN 13 : 9780071376174
Total Pages : 446 pages
Book Rating : 4.3/5 (761 download)

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Book Synopsis Digital Deflation by : Graham Tanaka

Download or read book Digital Deflation written by Graham Tanaka and published by McGraw Hill Professional. This book was released on 2003-08-26 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Digital Deflation: "Technology, productivity, deflation, and wealth creation. Its all here, and Graham Tanaka is right on target!" --Lawrence Kudlow, CNBCs "Kudlow & Cramer." "Whether youre bullish, bearish or in between, this is an important book for all investors to read!" --Dr. Edward Yardeni, Chief Investment Strategist, Prudential Securities "Once in a great while, an original and thought-provoking book comes along. Digital Deflation is it--a must read!" --Thomas R. Schwarz, former president and COO, Dunkin Donuts, Inc. "Graham Tanaka has sensed, well ahead of most, the issues surrounding the possible emergence of deflation. He demonstrates that our measurement processes, tuned as they are to inflation, are not picking up the declines in real prices that are occurring--and that we are missing the implications for our economy and corporate strategies." --William C. Dunkelberg, chief economist, National Federation of Independent Business "Consumers spend on goods and services with the greatest quality improvement rather than merely responding to price information. Thank Graham Tanaka for laying out this and other valuable insights in Digital Deflation. Read it." --Wayne Angell, former Federal Reserve Governor How the "digital revolution" is driving todays economy--and its impact on corporations, government policy, and the stock market New technologies have transformed how todays economy works. Digital Deflationexamines this new economic environment, from how we got here to where we are going. Eye-opening yet solidly grounded, it explains how low inflation and interest rates, coupled with technology-driven productivity gains, will create massive wealth in the coming decades, and benefit stock market P/E multiples over the long term. Combining insightful analyses with convincing charts and graphs, Digital Deflationprovides a clear understanding of how digital technologies will continue to alter every aspect of business. Readers will discover: Why inflation declined so dramatically in the 1980s and 1990s, and is likely to head even lower New measures of economic activity and how they will affect policy The laws of digital deflation--how they work and what they mean for corporate decision makers