The Link Between Aggregate Amd Micro Productivity Growth
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The Link Between Aggregate Amd Micro Productivity Growth
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Author : Dani Rodrik
language : en
Publisher:
Release Date : 2002
The Link Between Aggregate Amd Micro Productivity Growth written by Dani Rodrik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Art, French categories.
The Link Between Aggregate And Micro Productivity Growth
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Author : Lucia Foster
language : en
Publisher:
Release Date : 2002
The Link Between Aggregate And Micro Productivity Growth written by Lucia Foster and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Industrial productivity categories.
Abstract: Understanding the nature and magnitude of resource reallocation, particularly as it relates to productivity growth, is important both because it affects how we model and interpret aggregate productivity dynamics, and also because market structure and institutions may affect the reallocation's magnitude and efficiency. Most evidence to date on the connection between reallocation and productivity dynamics for the U.S. and other countries comes from a single industry: manufacturing. Building upon a unique establishment-level data set of U.S. retail trade businesses, we provide some of the first evidence on the connection between reallocation and productivity dynamics in a non-manufacturing sector. Retail trade is a particularly appropriate subject for such a study since this large industry lies at the heart of many recent technological advances, such as E-commerce and advanced inventory controls. Our results show that virtually all of the productivity growth in the U.S. retail trade sector over the 1990s is accounted for by more productive entering establishments displacing much less productive exiting establishments. Interestingly, much of the between-establishment reallocation is a within, rather than between-firm phenomenon.
The Link Between Aggregate And Micro Productivity Growth
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Author : Matias Eklöf
language : es
Publisher:
Release Date : 2002
The Link Between Aggregate And Micro Productivity Growth written by Matias Eklöf and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
The Link Between Aggregate Amd Micro Productivity Growth
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Author : Lucia S. Foster
language : en
Publisher:
Release Date : 2002
The Link Between Aggregate Amd Micro Productivity Growth written by Lucia S. Foster and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Industrial productivity categories.
Aggregate Productivity Growth
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Author : Lucia S. Foster
language : en
Publisher:
Release Date : 1998
Aggregate Productivity Growth written by Lucia S. Foster and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Industrial productivity categories.
In this paper, we exploit establishment-level data to examine the relationship between microeconomic productivity dynamics and aggregate productivity growth. After synthesizing the evidence from recent studies, we conduct our own analysis using establishment-level data for U.S. manufacturing establishments as well for selected service industries. The use of longitudinal micro data on service sector establishments is one of the novel features of our analysis. Our main findings are summarized as follows: (i) the contribution of reallocation of outputs and inputs from less productive to more productive establishments plays a significant role in accounting for aggregate productivity growth; (ii) for the selected service industries considered, the contribution of net entry (more productive entering establishments displacing less productive exiting establishments) is dominant; (iii) the contribution of net entry to aggregate productivity growth is disproportionate and is increasing in the horizon over which the changes are measured since longer horizon yields greater differentials from selection and learning effects; (iv) the contribution of reallocation to aggregate productivity growth varies over time (e.g. is cyclically sensitive) and industries and is somewhat sensitive to subtle differences in measurement and decomposition methodologies
Producer Dynamics
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Author : Timothy Dunne
language : en
Publisher: University of Chicago Press
Release Date : 2009-05-15
Producer Dynamics written by Timothy Dunne and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-15 with Business & Economics categories.
The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs. The economic analyses in Producer Dynamics exploit this newly available data on establishments, firms, and workers, to address issues in industrial organization, labor, growth, macroeconomics, and international trade. This innovative volume brings together a group of renowned economists to probe topics such as firm dynamics across countries; patterns of employment dynamics; firm dynamics in nonmanufacturing industries such as retail, health services, and agriculture; employer-employee turnover from matched worker/firm data sets; and turnover in international markets. Producer Dynamics will serve as an invaluable reference to economists and policy makers seeking to understand the links between firms and workers, and the sources of economic dynamics, in the age of globalization.
Productivity
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Author : Bert M. Balk
language : en
Publisher: Springer Nature
Release Date : 2021-07-22
Productivity written by Bert M. Balk and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-22 with Business & Economics categories.
This book develops the theory of productivity measurement using the empirical index number approach. The theory uses multiplicative indices and additive indicators as measurement tools, instead of relying on the usual neo-classical assumptions, such as the existence of a production function characterized by constant returns to scale, optimizing behavior of the economic agents, and perfect foresight. The theory can be applied to all the common levels of aggregation (micro, meso, and macro), and half of the book is devoted to accounting for the links existing between the various levels. Basic insights from National Accounts are thereby used. The final chapter is devoted to the decomposition of productivity change into the contributions of efficiency change, technological change, scale effects, and input or output mix effects. Applications on real-life data demonstrate the empirical feasibility of the theory. The book is directed to a variety of overlapping audiences: statisticians involved in measuring productivity change; economists interested in growth accounting; researchers relating macro-economic productivity change to its industrial sources; enterprise micro-data researchers; and business analysts interested in performance measurement.
From Firm Level Imports To Aggregate Productivity
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Author : Mr.JaeBin Ahn
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-06
From Firm Level Imports To Aggregate Productivity written by Mr.JaeBin Ahn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-06 with Business & Economics categories.
Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.
Aggregate Productivity And The Productivity Of Aggregates
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Author : Susanto Basu
language : en
Publisher:
Release Date : 1995
Aggregate Productivity And The Productivity Of Aggregates written by Susanto Basu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business cycles categories.
Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models, however, explain this procyclicality within a representative-firm paradigm. This procedure is misleading. We decompose aggregate productivity changes into several terms, each of which has an economic interpretation. However, many of these terms measure composition effects such as reallocations of inputs across productive units. We apply this decomposition to U.S. data by aggregating from roughly the two-digit level to the private economy. We find that the compositional terms are significantly procyclical. Controlling for these terms virtually eliminates the evidence for increasing returns to scale, and implies that input growth is uncorrelated with technology change.
Macro And Micro Dynamics Of Productivity
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Author : Lucia S. Foster
language : en
Publisher:
Release Date : 2017
Macro And Micro Dynamics Of Productivity written by Lucia S. Foster and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Industrial productivity categories.
Researchers use a variety of methods to estimate total factor productivity (TFP) at the firm level and, while these may seem broadly equivalent, how the resulting measures relate to the TFP concept in theoretical models depends on the assumptions about the environment in which firms operate. Interpreting these measures and drawing insights based upon their characteristics thus must take into account these conceptual differences. Absent data on prices and quantities, most methods yield "revenue productivity" measures. We focus on two broad classes of revenue productivity measures in our examination of the relationship between measured and conceptual TFP (TFPQ). The first measure has been increasingly used as a measure of idiosyncratic distortions and to assess the degree of misallocation. The second measure is, under standard assumptions, a function of fundamentals (e.g., TFPQ). Using plant-level U.S. manufacturing data, we find these alternative measures are (i) highly correlated; (ii) exhibit similar dispersion; and (iii) have similar relationships with growth and survival. These findings raise questions about interpreting the first measure as a measure of idiosyncratic distortions. We also explore the sensitivity of estimates of the contribution of reallocation to aggregate productivity growth to these alternative approaches. We use recently developed structural decompositions of aggregate productivity growth that depend critically on estimates of output versus revenue elasticities. We find alternative approaches all yield a significant contribution of reallocation to productivity growth (although the quantitative contribution varies across approaches).