This note shows that differences (across sectors or regions) in the effective price of inputs results in low measured total factor productivity (TFP).

This work examines the presence of unobserved components in the time series of Total Factor Productivity, which is an idea central to modern Macroeconomics. The main approaches in both the study of economic growth and the study of business cycles rely on certain properties of the different components of the time series of Total Factor Productivity. In the study of economic growth, the Neoclassi...

This article identifies environmental pollution as a result of unnecessary use of scarce resources or a substance released to the air, water, or land that could harm human health or the environment. It is proposed that instead of incurring cost to remedy an environmental disaster or to prevent pollution through investment in carbon intensive energy infrastructure, a more practical and cost effe...

abstract the purpose of this paper is to investigate the relationship between capital stock and increasing the productivity of labor and total factor productivity (tfp) in industrial groups of khorasan razavi province from 2003 to 2007. in order to this first, the available literature in this area and the importance of productivity was reviewed, also the history of productivity in asia and the ...

background: due to the increasing health care costs, the issue of productivity in hospitals must be taken into great consideration in order to provide, preserve and promote public health services. thus, increasing the level of productivity must become the main aim of any hospital. objective of this study is to determine the total factor productivity and its components over the period under the ...

This paper presents and estimates a dynamic stochastic general equilibrium model in which labor reallocations between production and organizational tasks and endogenous movements in measured TFP serve as an ampli…cation mechanism in business cycles. In our model, the organizational tasks are related to accumulation of organizational capital which enhances the …nancial relationships between …rms...

This paper explores the role of public debt and fiscal deficits on factor productivity in an economy with credit market frictions and heterogeneous firms. When credit market conditions are sufficiently weak, low interest rates permit the government to run Ponzi schemes so that permanent primary deficits can be sustained. For small enough deficit ratios, the model has two steady states of which ...