A decomposition of US business sector TFP growth into technical progress and cost efficiency components

被引：0
|
作者：
W. Erwin Diewert
Kevin J. Fox
机构：
[1] University of British Columbia and UNSW Sydney,School of Economics & Centre for Applied Economic Research
[2] UNSW Sydney,undefined
来源：
Journal of Productivity Analysis | 2018年 / 50卷
关键词：
Technical and allocative inefficiency; Nonparametric production theory; C43; C61; C67; C82; D24; E22;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
A problem with index number methods for computing TFP growth is that during recessions these methods show declines in TFP. This is rather implausible since it implies technological regress. We develop a new method to decompose TFP growth into technical progress and inefficiency arising from the short run fixity of capital and labour, and apply this to new data on the US corporate nonfinancial sector and the noncorporate nonfinancial sector. The analysis sheds light on sources of the productivity growth slowdowns over the period 1960–2014.
引用
收藏
页码：71 / 84
页数：13
相关论文
共 50 条
12345