An important theme in modern research on productivity has been that technological progress may be embodied in capital in the sense that traditional measures of TFP growth reflect unmeasured improvements in the quality of capital inputs as well as pure disembodied technological progress. It is commonly believed that an implication of this embodiment hypothesis is that there should be a negative ...

We analyze the total factor productivity (TFP) of the pulp and paper industry in three Canadian provinces (British Columbia, Ontario, and Quebec) and in three U.S. states that are contiguously located south of the border (Washington, Illinois, and Maine) over the period of 1971 to 2005. We find that the industry in the three Canadian provinces had much higher TFP growth rates in the era followi...

This study estimated the Malmquist Total Factor Productivity Index and its components. It attempted to examine patterns of change in these indices in periods leading up to and immediately following, the macroeconomic crisis in Pakistan in the year 2008. Bootstrapping procedure proposed by Simar and Wilsonwas employed to construct confidence intervals for efficiency estimates. For many banks, to...

Commonly increases in total factor productivity (TFP) are associated with technological innovations measured by R&D expenditures. Empirical evidence seems to corroborate this relationship. However, in trading countries like the Netherlands, productivity increases, even in industry, can also be the result of innovations in the way transactions are managed. These innovations reduce transaction co...

This paper examines the effect of foreign direct investment (FDI) on growth by focusing on the complementarities between FDI inflows and financial markets. In our earlier work, we found that FDI is beneficial for growth only if the host country has well-developed financial institutions. In this paper, we investigate whether this effect operates through factor accumulation and/or improvements in...

We analyze the effects of European Antidumping (AD) protection on Total Factor Productivity (TFP) growth of import-competing domestic firms. We identified a panel of 1,793 European firms between 1993 and 2000 affected by AD cases that were initiated in 1996. Using a difference-indifference approach, we find evidence of increased TFP growth for those firms that filed for protection compared to f...

Theories suggesting either static or dynamic productivity gains derived from exports often assume the prior existence of a perfect market. In the presence of market failure, however, the competition effect and the resource reallocation effect of exports on productive efficiency may be greatly reduced; and there may actually be disincentives for innovation. This paper analyses the impact of expo...

There have been dramatic structural changes in the U.S. hog industry in the last two decades that have coincided with substantial increases in farm productivity. This study used a stochastic frontier analysis to measure TFP growth between 1992 and 2004 and to decompose the TFP growth into four components: technical change and changes in technical efficiency, scale efficiency, and allocative eff...

This study aimed at determining how kinetic parameters of adult human articular chondrocytes (AHAC) growth are modulated by the growth factor combination TGFbeta1, FGF-2, and PDGF BB (TFP), recently shown to stimulate AHAC proliferation. AHAC, isolated from cartilage biopsies of three individuals, were cultured in medium without (CTR) or with TFP. For growth curves, AHAC were seeded at 1,000 ce...

The cardioprotective effect of calmodulin antagonists, trifluoperazine (TFP) and N-(6-aminohexyl)-5-chloro-1-naphthalene sulfonamide (W-7) was examined on the isolated rat heart exposed to hypothermic and ischemic conditions by measuring distribution of lysosomal enzymes in myocardial cells, and leakage of creatine kinase (CK) during reperfusion and postischemic recovery in myocardial systolic ...