Accounting for TFP Growth in Global Agriculture - a Common-Factor-Approach-Based TFP Estimation
نویسندگان
چکیده
منابع مشابه
Growth Accounting vs. Regression In a Cross-country TFP Exercise
Despite occasional objections total factor productivity (TFP) has been widely recognised as the key determining composite component in the literature on economic growth. Most empirical studies of the contribution of TFP to growth are based simply on the conventional calculations of growth accounting. This paper argues that judging TFP solely in terms of growth accounting carries risks and loses...
متن کاملTfp Growth in British and German
This paper forms part of the ESRC funded project (Award No. L1382511013) " Business Cycle Volatility and Economic Growth: A Comparative Time Series Study " , which itself is part of the Understanding the Evolving Macroeconomy Research programme. We wish to thank Regina Grafe for excellent research assistance and Mary O'Mahony for generously making data available to us. We are responsible for al...
متن کاملA Model of TFP
This paper proposes an aggregative model of total factor productivity (TFP) in the spirit of Houthakker (1955—1956). It considers a frictional labor market where production units are subject to idiosyncratic shocks and jobs are created and destroyed as in Mortensen and Pissarides (1994). An aggregate production function is derived by aggregating across micro production units in equilibrium. The...
متن کاملEssays on total factor productivity (TFP)
This thesis consists of two self-contained empirical essays. Essay I investigates the impact of labor subsidies on TFP, and profit per employee is included as a second outcome. Coarsened exact matching (CEM) is performed on the key variables. After matching, a difference-indifference (DID) model is applied. The study shows that firms employing workers with wage subsidies experience negative and...
متن کاملTowards a Theory of TFP*
We begin the development of a theory of total factor productivity (TFP) by presenting a multi-sector model of general purpose technology (GPT) driven growth, which generates numerical data via simulation and confirm the theoretical predictions of Carlaw and Lipsey (2003) and Lispey and Carlaw (2004) that TFP is not a contemporaneous measure of technological change. The modeling framework enable...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Agris on-line Papers in Economics and Informatics
سال: 2020
ISSN: 1804-1930,1804-1930
DOI: 10.7160/aol.2020.120401