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Years of publications: 1987 - 2023

153 records from EconBiz based on author Name

1. Factor Adjustment, Quality Change, and Productivity Growth for U.S. Manufacturing

abstract

This paper accounts for quality improvements and adjustment costs in all inputs to U.S. manufacturing production. Adjustment processes for non-capital inputs are slower than previously recognized. Annual adjustment percentages are: labor 77, capital 30, energy 20, and materials 21. Factor prices should be adjusted for quality improvements to reflect higher marginal products. The percentage increases in marginal products from quality improvements are: labor 0.25, capital 0.30, energy 2.13, and materials 0.92. Observed input growth should be adjusted for quality improvements. Unadjusted input growth causes efficiency-based productivity growth rates to exceed observed productivity growth in the slowdown period of 1974 - 1995

Bernstein, Jeffrey Ian; Mamuneas, Theofanis P.; Pashardes, Panos;
2021
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153 records from EconBiz based on author Name

1. Factor Adjustment, Quality Change, and Productivity Growth for U.S. Manufacturing

2. Factors affecting the productivity of European economies

3. Social protection in Cyprus : overview and challenges

4. The CypERC property price index:data and estimation methods : (revised)

5. The value of state education to consumers

6. A backward-bending and forward-falling semi-log model of labour supply

7. The CypERC property price index: data and estimation methods

8. Public vs private : electricity and telecommunications in Europe

9. Estimating the value and distributional effects of free state schooling

10. The value of state education to consumers in the UK

Marco J. Menichetti

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