Equipment investment, output and productivity in China
نویسندگان
چکیده
منابع مشابه
Investment Frictions and theAggregate Output Loss in China*
Investment frictions reduce, delay or protract investment expenditure that is necessary for firms to capture growth opportunities. Using an investment model with capital adjustment costs, this article estimates the gap betweenChina’s actual and frictionless aggregate output. It applies the method of simulated moments to a fully structural investment model on a panel of Chinese firms and takes i...
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Over the past century the long-run growth of industrial economies shows a strong association between rates of investment in machinery and equipment and long-run rates of economic growth. Each one percentage point increase in the machinery investment share of national product increases national product per capita growth by approximately 0.4 percentage points per year. A number of considerations ...
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The present paper contributes to the theoretical analysis of the human capital investment and participation decision of heterogeneous workers in the search and matching framework. Its aim is to characterize the equilibrium and to identify the efficiency. Here, the paper studies search equilibrium and matching to consider the participation decision of heterogeneous workers who have differen...
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Estimates of the employment structure, agricultural output, and agricultural labour productivity are developed for the leading European countries from 1300 to 1800. The employment estimates are developed from estimates of the total, urban, and rural populations. The output estimates are derived by positing a demand curve for agricultural goods.
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Prior research concerning IT business value has established a link between firm-level IT investment and tangible returns like output productivity. Research also suggests that IT is vital to intermediate processes like those that produce intangible output. Among these, IT’s use in innovation and knowledge creation processes are perhaps the most critical to a firm’s long-term success. However, li...
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ژورنال
عنوان ژورنال: Empirical Economics
سال: 2010
ISSN: 0377-7332,1435-8921
DOI: 10.1007/s00181-010-0418-z