By Ali Dogramaci, Nabil R. Adam
1 Ali Dogramaci and Nabil R. Adam 1.1. evaluate With the decline of U.S. productiveness progress, curiosity has surged to less than stand the habit of productiveness measures via time, the conceptual foundations of productiveness research, and the linkage among productiveness functionality and different significant forces within the economic system. the aim of this quantity is to provide a quick evaluation of a few of the options utilized in aggre gate and industry-level productiveness analyses and the result of a few of the fresh learn during this box. The publication is split into 3 elements. half I covers many of the methodo logical techniques utilized in combination and industry-level productiveness reviews. half II bargains with the circulate of work productiveness measures via time. The papers during this a part of the ebook research productiveness alterations as uni variate time sequence and examine a number of the features of the styles displayed. The papers partially III tackle the problems of dimension of capi tal, the relation of capital formation to productiveness development, and the rela tion of imported intermediate inputs to U.S. productiveness performance.
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Additional resources for Aggregate and Industry-Level Productivity Analyses
3. Productivity-Based Regulatory Adjustments In public utility regulation, productivity-based automatic rate adjustment formulas have been proposed and occasionally applied in telecommunications, electricity, and natural gas. Kendrick (1975) proposed a TFP-based formula. 19) where (W/W)M are changes in the market prices of the inputs and (TFP ITFP)min is the minimum productivity change standard set by the regulatory commission subject to a rate-of-return constraint. 19) provides built-in productivity incentives, as well as built-in incentives to economize on payments to the factors of production.
Leontief (1970), in his later model of the dynamic 1-0 system, incorporates technological change into the system by attaching time subscripts to both flow and capital coefficients. 6) A recent United Nations study by Leontief et al. (1977) is a notable application of projecting the 1-0 coefficients with considerations given to possible technological changes. The global 1-0 economic model they developed encompasses fifteen regions, classified by the primary criterion of the level of economic development as measured by per capita income levels and the share of manufacturing activity in total gross domestic product.
Solow, 1961, "Capital-Labor Substitution and Economic Efficiency," Review of Economics and Statistics 43, no. 3:225-50. Beckman, M. , and R. Sato, 1969, "Aggregate Production Functions and Types of Technical Progress," American Economic Review 59:88-101. Bruno, Michael, 1978, "Duality, Intermediate Inputs and Value-Added," in Fuss and McFadden, eds. (1978). Christensen, Lauritus, and Dale W. S. Real Product and Real Factor Input, 1929-67," Review of Income and Wealth 16, no. 1:19-50. , Dale W. Jorgenson, and L.
Aggregate and Industry-Level Productivity Analyses by Ali Dogramaci, Nabil R. Adam