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2 edition of Aggregate productivity growth found in the catalog.

Aggregate productivity growth

Lucia Foster

Aggregate productivity growth

lessons from microeconomic evidence

by Lucia Foster

  • 172 Want to read
  • 2 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Industrial productivity -- United States -- Econometric models.,
  • Resource allocation -- United States -- Econometric models.

  • Edition Notes

    StatementLucia Foster, John Haltiwanger, C.J. Krizan.
    SeriesNBER working paper series -- working paper 6803, Working paper series (National Bureau of Economic Research) -- working paper no. 6803.
    ContributionsHaltiwanger, John C., Krizan, C. J., National Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1 .W654 no. 6803
    The Physical Object
    Pagination58, [25] p. :
    Number of Pages58
    ID Numbers
    Open LibraryOL22401420M


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Aggregate productivity growth by Lucia Foster Download PDF EPUB FB2

Aggregate Productivity Growth: Lessons from Microeconomic Evidence Lucia Foster, John C. Haltiwanger, C. Krizan. Chapter in NBER book New Developments in Productivity Analysis. This book investigates regional productivity differentials and the provincial convergence trend in Chinese industry.

Moreover, it explores the contribution of technological spillovers to the process of industrial growth and catching-up in Chinese regions. It includes an analysis of the regional, institutional and technological sources of by: 3. The book represents a fundamental critique of the aggregate production function and will be of interest to all macroeconomists.

Contents: Prologue: 'Not Even Wrong' Introduction 1. Some Problems with the Aggregate Cited by: Aggregate Productivity Growth: Lessons from Microeconomic Evidence Lucia Foster, John Haltiwanger, C.J.

Krizan. NBER Working Paper No. Issued in November NBER Program(s):Productivity, Innovation, and Entrepreneurship In this paper, we exploit establishment-level data to examine the relationship between microeconomic productivity dynamics and aggregate productivity growth.

Using the Norwegian KLEMS database, this chapter investigates the origins of the aggregate average (value-added based) labor productivity (ALP) growth during the period –, as well as of the growth. We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost of primary inputs.

We show how to aggregate plant-level data to this measure Cited by: A novel aspect of our analysis is that we have examined the role of reallocation for aggregate productivity growth to a selected set of service sector industries.

Our analysis considers the 4-digit industries that form the 3-digit industry automobile repair shops. Aggregate productivity growth rates will fluctuate if the local and incremental are reasonably constant over time and the general occurs only intermittently.

Similarly, aggregate productivity growth will. We estimate the aggregate productivity gains from reducing barriers to internal labor migration in Indonesia, accounting for worker selection and spatial differences in human capital. We distinguish Cited by: PRODUCTIVITY The Future of Productivity Productivity growth of the globally most productive firms remained robust, despite the slowing in aggregate productivity, which was evident even before the crisis.

This rising productivity File Size: 3MB. Measurement of Aggregate and Industry-level Productivity Growth The OECD Measuring Productivity Manual is the first comprehensive guide to the various productivity measures aimed at statisticians, researchers and analysts involved in constructing industry-level productivity.

productivity level comparisons between industries have to address the tricky issue of currency conversion.1 Productivity growth measurement avoids this question and constitutes a useful starting point, given its frequent use in analysis and policy formulation.

• Second, the manual focuses on the measurement of productivity File Size: KB. Aggregate Productivity Growth: Lessons from Microeconomic Evidence - Chicago Scholarship This chapter seeks to synthesize and extend the emerging literature on the connection between micro- and aggregate productivity growth.

Aggregate productivity growth is the difference between the growth rates of aggregate output, dv, and aggregate inputs, dx v. From the production side of the national accounts identity, aggregate Cited by: productivity.

Need something to o set. I Can think of k as physical capital stock (machines) while technical progressis better and more advanced methods of production. Knowledge. I Increase in knowledge can o set diminishing marginal returns to production. If so, economic growth (y) can increase inde nitely.

UW-Madison Agg Growth. Finally, for all three output measures, there has been a substantial upturn in labor-productivity growth outside the new economy.

After removing the direct effect of new economy sectors, the productivity acceleration Cited by: Sources of Economic Growth: The Aggregate Production Function. To analyze the sources of economic growth, it is useful to think about a production function, which is the process of turning.

the rates of growth of productivity across establishments within the same sector. The rapid pace of output and input reallocation along with differ-ences in productivity levels and growth rates are the necessary ingredients for the pace of reallocation to play an important role in aggregate (i.e., industry) productivity by: A great deal of public policy is harnessed to raising productivity growth.

Although it is believed that the process is intimately linked to globalization, the precise links are less well known. This volume offers a comprehensive overview of links between international trade, foreign direct investment and productivity growth. The book is highly recommended to researchers in macroeconomics and in all related fields that use aggregate production functions Overall, the book makes an extremely valuable contribution to the understanding of the aggregate.

By contrast with Foster et al. (), they use the Solow residual as a measure of aggregate productivity. 24 Within the simplified framework, their measure of aggregate productivity growth (denoted APG) is: A P G = Δ Y Y − w L Y Δ L L, where w L = ∑ i w L i is the aggregate Cited by: Remember, the PPF shows the maximum quantities of goods and services a nation can produce given the resources it has available.

The aggregate production function determines those maximum quantities. Economic growth is illustrated by an increase in the production. This two-volume set is an indispensable selection of recent and classic research papers exploring the link between globalization and productivity growth.

The editors’ careful selection includes articles that focus on the impact of globalization on aggregate productivity, openness, international technology diffusion, and trade adjustment and productivity growth. Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-level Productivity Growth [Organisation for Economic Co-operation and Develop, OECD] on *FREE* shipping on qualifying offers.

Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-level Productivity GrowthAuthor: OECD Organisation for Economic Co-operation and Develop.

What Role in Aggregate Productivity Growth. This paper examines the roles of the ICT-producing sector and of key ICT-using industries in overall productivity growth in OECD countries.

The ICT manufacturing sector, in particular, has been characterised by very high rates of productivity growth Cited by: Aggregate and Industry Productivity Estimates for Australia Article in Australian Economic Review 39(2) February with 9 Reads How we measure 'reads'.

COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated. Macroeconomists are dissecting aggregate productivity growth—the source of almost all per capita income differences across coun-tries—into various micro-components, with the intent of better understanding the sources of such growth.

T.A. Bhavani, in Changing the Indian Economy, Contribution to Aggregate Productivity and Structural Transformation o. Labour productivity of manufacturing sector was higher than that of the service sector in and To be specific, it is the registered (organised) manufacturing segment that displayed high labour productivity.

An economy’s rate of productivity growth is closely linked to the growth rate of its GDP per capita, although the two are not identical. For example, if the percentage of the population who holds jobs in.

Aggregate productivity growth has three components. The first is within-firm productivity growth, which depends on the way existing firms utilise the resources at their disposal – labour.

We examine the quantitative impact of policy-induced changes in firms’ innovative investment on growth in aggregate productivity and output in a model that nests several of the canonical models.

We isolate two statistics, the impact elasticity of aggregate productivity growth with respect to aggregate Cited by: importantly, aggregate (multifactor) productivity. The empirical work of Gabaix () originally showed that productivity shocks to the largest firms in the United States appear to explain a large fraction (about one-third) of variations in GDP per head and aggregate productivity growth.

Forbes takes privacy seriously and is committed to transparency. thereby reducing aggregate productivity growth," the report says. Co-author of the award-winning book The WSJ Author: Simon Constable.

Productivity describes various measures of the efficiency ofa productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e.

output per unit of input, typically over a specific period of time. Most common example is the (aggregate) labour productivity.

Mounting evidence suggests that average mark-ups in the US economy have been increasing. This column argues that about half of measured aggregate productivity growth over the last 20 years can be accounted for by firms with higher mark-ups increasing their relative size.

This implies that the slowdown in pure technology growth is even slower than suggested by aggregate. "Policy Distortions and Aggregate Productivity with Heterogeneous Plants," Meeting Pap Society for Economic Dynamics.

Diego Restuccia & Richard Rogerson, "Policy Distortions and Aggregate Productivity. In the aggregate demand-aggregate supply model, economic growth can be illustrated by an.

Keynes' great book offered the promise of ending depressions through. Higher rates of productivity growth. This is a book on developments in the productivity of the services sector, but factors that lie behind the acceleration of U.S.

aggregate productivity growth. Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity Author: Jens Arnold.

Foster, L, J Haltiwanger and C J Krizan (), “Aggregate productivity growth: Lessons from microeconomic evidence”, in C Hulten, E Dean, and M Harper (eds.), New Developments in Productivity Analysis, NBER Book .of ICT at the firm level and on aggregate performance, such as time lags, difficulties in measuring productivity at the aggregate level, and the large diversity in the performance of individual firms.

The File Size: 2MB.(T/F) Sustainable long-run economic growth is long-run growth that can continue in the face of decreases in the growth rate of the world's population. False (T/F) According to estimates of the aggregate production function, each 1% increase in physical capital, holding human capital and technology constant, raises labor productivity .