By Ali Dogramaci, Nabil R. Adam
1 Ali Dogramaci and Nabil R. Adam 1.1. evaluate With the decline of U.S. productiveness development, curiosity has surged to lower 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 financial system. the aim of this quantity is to provide a short evaluate of a few of the innovations utilized in aggre gate and industry-level productiveness analyses and the result of a number of the contemporary examine during this box. The publication is split into 3 components. half I covers the various methodo logical ways utilized in combination and industry-level productiveness reports. half II bargains with the move of work productiveness measures via time. The papers during this a part of the booklet research productiveness adjustments as uni variate time sequence and study the various features of the styles displayed. The papers partly III handle the problems of size 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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Extra info for Aggregate and Industry-Level Productivity Analyses
Input requirements in each sector are assumed linearly related to the sectoral gross output level, and the pertinent proportionality defines a set of constants referred to as input coefficients, or technical flow coefficients. Major assumptions that Leontief made, which many researchers have criticized for stringency and attempted to relax, may be summarized as follows for an m-sector economy: 1. Each kind of m different goods is supplied by a single sector that uses a single production process, ruling out the substitutability among inputs; 2.
The summation then ranges over all such inputs. Relevant economic interpretations can accordingly be made on the magnitude of yp- Similar observations can be made on other elements of Y, that is, y), j #- p. Moon next investigates the interaction between two optimized sectors with respect to the optimality of production activities. ' andY; with cost coefficients '//. := Gr' , f? ( J aJr. Gr') , f or]. -- 1, ... 13). 2. The optimality status of sector r is not affected by the optimization of sector p, and vice versa.
Star, Spencer, 1974, "Accounting for the Growth of Output," American Economic Review 64, no. 1:123-35. , 1979, "Automatic Rate Adjustment Based on Total Factor Productivity Performance in Public Utility Regulation," in Crew, ed. (1979). Theil, Henry, 1968, "On the Geometry and the Numerical Approximation of Cost of Living and Real Income Indices," De Economist 116. , 1936, "The Bank of Finland's Consumption Price Index," Bank oj Finland Monthly Bulletin 10. Vinod, H. , 1968, "Econometrics of Joint Production," Econometrica 36: 322-36.