Aggregate and Approximate TFP: First Differences
Aggregate and sectoral TFP growth in Turkey: a growth accounting exercise
... this approximate method are very close to the official figures published by ...our approximate method instead of those coming from GDP series published by TurkStat in order to keep methodological ...minor ...
30
On Finance as a Theory of TFP, Cross-Industry Productivity Differences, and Economic Rents.
... economic rents. The theory builds on a growth model with a final-goods sector and many intermediate- goods industries. The technology to produce intermediate goods is symmetric across indus- tries but for a fixed cost of ...
52
A model of TFP
... the aggregate production function ...order. First, at a technical level, incorporating a fixed-cost specification that is decreasing in the shock x is introduced in this section as a simple device to avoid ...
53
Aggregate Earnings Inequality in Europe: Permanent Differences or Transitory Fluctuations?
... v it it t i t it y p v (2) where i and v it are random variables with mean zero and variances 2 and vt 2 respectively and p t and λ t are ‘factor loadings’ that allow these variances to change over time ...
13
Misallocation and Manufacturing TFP in Korea
... As the productivity gap between large and small plants in Korea is higher than those in other countries, this paper empirically presents that the over-production of small-sized plants and the under-production of ...
16
Capital, labor and TFP in PWT8.0
... main differences to the standard approach. First, we split up total investment by asset, rather than assuming investment is in a single homogenous ...
38
Oct26 Thailand TFP Barry
... of aggregate growth accounts aimed at evaluating changes in the marginal productivity of ...Their first estimate is based on simply excluding income of the self- employed in calculating the factor income ...
48
Human Capital Quality and Aggregate Income Differences: Development Accounting for U.S. States
... The most obvious explanation for the poor performance of the human capital measure in this first attempt to account for international migration is that the quality measure for immigrants is very error-prone. While ...
74
Misallocation and manufacturing TFP in China and India
... The rest of the paper proceeds as follows. We sketch a model of monopolistic competition with heterogeneous firms to show how the misallocation of capital and labor can lower aggregate TFP. We then take ...
47
Misallocation and manufacturing TFP in China and India
... The rest of the paper proceeds as follows. We sketch a model of monopolistic competition with heterogeneous firms to show how the misallocation of capital and labor can lower aggregate TFP. We then take ...
47
Misallocation and Manufacturing TFP in China and India
... The rest of the paper proceeds as follows. We sketch a model of monopolistic competition with heterogeneous firms to show how the misallocation of capital and labor can lower aggregate TFP. We then take ...
61
Approximate Guarantee for Approximate Dynamic Programming
... thoroughly. First, consider policy R6, which performed the best of the policies created by ...weight differences between piles 1-2 and 3-4 are rather ...
77
Individual differences in first- and second-order temporal judgment
... Such aggregate measures are problematic insofar as they may lack sensitivity to between-subject differences that systematically co-vary with a particular trait ...
28
Individual differences in first and second order temporal judgment
... Such aggregate measures are problematic insofar as they may lack sensitivity to between-subject differences that systematically co-vary with a particular trait ...
27
Endogenous TFP and Cross-Country Income Differences
... However, the correlation between the models’ predicted values and the data is actually negative (−33% for our model and −21% for KR’s (2004) model). The data is plotted in Figure 2. These correlations are puzzling for ...
43
Differences in TFP growth among groups of dairy farms in the Netherlands
... cumulative TFP growth rate for the farms from the first regression tree, based on the size and the intensity of the farm for the years ...cumulative TFP growth for the different groups of ...the TFP ...
6
The mystery of TFP
... 7.1 Externalities, economies of scale, and learning-by-doing: an upper limit The previous section considered whether capital services are generally mismeasured and if so what is the likely size of the resulting error in ...
73
CiteSeerX — Approximate Knowledge Compilation: The First Order Case
... be approximate: we only require that the compiled the- ory \approximates" the source in some precise sense, and as result only a subset of the possible queries can be eciently ...with approximate ...
6
The New Approximate Calculation Method for the First Order Reliability
... ABSTRACT The new method is presented for computing engineering structure reliability by direct searching the next checking point and accelerating convergence based on the analysis of errors in the center point method and ...
5
Trade-Revealed TFP
... our TFP estimates have two main advantages. First, they are no longer mere residuals, but the productivities that best …t data on trade, production, and ...the TFP across countries, instead of their ...
33