This paper provides parametric estimates of technical change, e¢ ciency change, economies of scale, and total factor productivity growth for large banks (those with assets in excess of $1 billion) in the United States, over the period from 2000 to 2005. In doing so, we propose a distance function based primal total factor productivity growth index, which is valid under both perfect and imperfec...

F eedback control systems are all around us in modern technological life. They are at work in our homes, our cars, our factories, our transportation systems, our defense systems—everywhere we look. Certainly, one of the great achievements of the international controls research community is that the design principles for these systems are well developed and broadly understood by control engineer...

Productivity management is a challenge for software engineering companies and, in this regard, there is a current trend toward globalization. Via acquisitions and mergers, business has become international and employs different national cultures. Therefore, the focus of this article is on the understanding of cultural differences affecting productivity in globalized software production. The rel...

This paper performs multiple-break unit root tests on the data of China’s national and sectoral output and labour productivity, with finite-sample critical values bootstrapped through Monte Carlo simulations. We find strong evidence against the unit-root hypothesis in favour of the segmentedtrend-stationarity alternative. Based on breaking trend functions, the steady-state and transitional grow...

Much has been written by economists about the sources of the productivity slowdown; and self-serving policy recommendations by interest groups abound. Strangely, the two are seldom connected. It is as if, upon seeing a neighbor jog his rounds more slowly than usual, we give him our expert advice without finding out why. But, surely, our advice to our neighbor must depend on the source of his la...

We develop a two-country, dynamic general equilibrium model that links cross-country differences in net foreign asset and consumption dynamics to differences in discount factors and steady-state levels of productivity. We compare the results of the model to those of VARs for the G3 economies. We identify country-specific productivity shocks by assuming that productivity does not respond contemp...

Electricity generation in thermal power plants as the largest producer of electricity in Iran is associated with greenhouse gas emissions. In this paper, using the Malmquist-Luenberger method, green productivity, and efficiency changes are measured for 31 thermal power plants (including 12 steam power plants, 13 gas power plants, and six combined cycle power plants) during 2009-2016. The result...