2024-03-29T04:50:00Z
https://mpra.ub.uni-muenchen.de/cgi/oai2
oai:mpra.ub.uni-muenchen.de:1507
2019-09-27T16:55:37Z
7374617475733D707562
7375626A656374733D45:4532:453233
7375626A656374733D45:4534:453430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1507/
Reflexiones a propósito de la estrategia de crecimiento económico en Colombia 2019
Lopez Gonzalez, Mauricio
Mesa Callejas, Ramon Javier
E23 - Production
E40 - General
[Abstract in English is missing]
2006-08-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1507/1/MPRA_paper_1507.pdf
Lopez Gonzalez, Mauricio and Mesa Callejas, Ramon Javier (2006): Reflexiones a propósito de la estrategia de crecimiento económico en Colombia 2019. Published in: Perfil de Coyuntura Economica No. No. 7 (1 August 2006): pp. 5-24.
es
oai:mpra.ub.uni-muenchen.de:2276
2019-09-26T09:01:37Z
7374617475733D707562
7375626A656374733D45:4532:453233
7375626A656374733D45:4533:453331
7375626A656374733D41:4132:413232
7375626A656374733D45:4532:453239
7375626A656374733D45:4531:453133
7375626A656374733D45:4531:453132
7375626A656374733D41:4132:413233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2276/
Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
Manuel, Eduardo
E23 - Production
E31 - Price Level ; Inflation ; Deflation
A22 - Undergraduate
E29 - Other
E13 - Neoclassical
E12 - Keynes ; Keynesian ; Post-Keynesian
A23 - Graduate
This paper explains and shows us the Phillips Curve for advanced economies on period 1996-2007 for specially for the United States and Euro area case. The informations for 2006 and 2007 was considered being in attention the forecasting of International Monetary Fund (IMF) for these years.
We concluded that the true form of Phillips curve for short and long-run will not be verified always that exist equal evolution of their variables or for others words, always that inflation and unemployment rates growing to same direction, in both regions or in any region, the Phillips curve never will have their normal form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and when inflation rate is growing and unemployment doesn't (in the long-run).
2006-06-28
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2276/1/MPRA_paper_2276.pdf
Manuel, Eduardo (2006): Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case. Published in: Social Science Research Network (16 April 2007)
en
oai:mpra.ub.uni-muenchen.de:3655
2019-10-04T16:37:08Z
7374617475733D756E707562
7375626A656374733D45:4532:453237
7375626A656374733D45:4532
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/3655/
Stabilité de la structure des coefficients techniques: Approche par un estimateur hybride
Laye, LATIF
Laye, OUMY
Laye, DIAMA
E27 - Forecasting and Simulation: Models and Applications
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E23 - Production
E20 - General
Les comptes nationaux ont été, pendant longtemps, l’une des préoccupations majeures dans la production de statistiques économiques au sein de l’administration publique sénégalaise. Les travaux de la comptabilité nationale s’intéressent beaucoup à la production statistique des comptes et d’autres tableaux synthétiques comme le Tableau Economique d’Ensemble et le Tableau des Entrées Intermédiaires (TEI). Le TEI, conçu grâce à la détermination des coefficients techniques, met en exergue les interrelations entre les différentes branches d’activités.
La présente étude s’inspire des travaux de Leontief [1927] sur les modèles input-output et propose une démarche synthétique permettant de calculer des coefficients techniques robustes, ainsi que leurs intervalles de confiance. Les données utilisées proviennent d’une compilation des Tableaux Entrées Sorties (TES) de 1980 à 2004.
Pour assurer la robustesse des résultats, un estimateur hybride, combinaison optimale de la moyenne et de la médiane a été privilégié.
Les résultats obtenus mettent en évidence, une bonne adéquation entre les intervalles estimés et les données réelles observées.
Les simulations faites dans le cas d’une flambée du prix du baril en 2005, répliquent assez bien la réalité observée dans la structure économique au Sénégal.
2007-06-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/3655/1/MPRA_paper_3655.pdf
Laye, LATIF and Laye, OUMY and Laye, DIAMA (2007): Stabilité de la structure des coefficients techniques: Approche par un estimateur hybride.
fr
oai:mpra.ub.uni-muenchen.de:4466
2019-09-26T12:45:19Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3138
7375626A656374733D4A:4A31:4A3130
7375626A656374733D4E:4E31:4E3130
7375626A656374733D4F:4F35:4F3537
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4466/
Malthus to Romer: On the Colonial Origins of the Industrial Revolution
Cordoba, Juan-Carlos
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
J10 - General
N10 - General, International, or Comparative
O57 - Comparative Studies of Countries
E23 - Production
O11 - Macroeconomic Analyses of Economic Development
We propose a unified theory to explain the diverse paths of economic and institutional development of colonized and colonizers following the great discoveries at the end of the XV century. In our theory, the institutional and economic divergence between Spain and England observed during the age of colonization obeys to the same forces put forward by Engerman and Sokoloff (1997) to explain the divergence between Latin America and North America: factor endowments at the moment of the conquest.
2007-08-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4466/1/MPRA_paper_4466.pdf
Cordoba, Juan-Carlos (2007): Malthus to Romer: On the Colonial Origins of the Industrial Revolution.
en
oai:mpra.ub.uni-muenchen.de:5284
2019-09-27T12:14:52Z
7374617475733D707562
7375626A656374733D51:5132:513231
7375626A656374733D45:4532:453233
7375626A656374733D4C:4C32:4C3233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5284/
Development of an Approach for Analyzing Supply Chain Complexity
Blecker, Thorsten
Kersten, Wolfgang
Meyer, Christian
Q21 - Demand and Supply ; Prices
E23 - Production
L23 - Organization of Production
Supply chains are faced with a rising complexity of products, structures, and processes. Because of the strong link between a supply chain’s complexity and its efficiency the supply chain complexity management becomes a major challenge of today’s business management. A two dimensional driver concept is introduced and explained to comprehend the major causes of a supply chains’ complexity. To map the effects of the drivers and to understand the different dimensions of complexity, a general complexity model is introduced. A supply chain complexity analysis approach is presented, to evaluate the initial situation and to provide the necessary information for deriving the right actions and strategies for the management of complexity within a supply chain.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5284/1/MPRA_paper_5284.pdf
Blecker, Thorsten and Kersten, Wolfgang and Meyer, Christian (2005): Development of an Approach for Analyzing Supply Chain Complexity. Published in: Blecker, Th./Friedrich, G. (Ed.): Mass Customization. Concepts – Tools – Realization. Proceedings of the International Mass Customization Meeting 2005 (2005): pp. 47-59.
en
oai:mpra.ub.uni-muenchen.de:5286
2019-09-26T14:26:22Z
7374617475733D707562
7375626A656374733D4D:4D31:4D3131
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5286/
Modularity and Delayed Product Differentiation in Assemble-to-order Systems: Analysis and Extensions from a Complexity Perspective
Blecker, Thorsten
Abdelkafi, Nizar
M11 - Production Management
E23 - Production
The paper assumes a product design around modular architectures and discusses the suitability of the principle of delayed product differentiation in assemble-to-order environments. We demonstrate that this principle does not enable one to make optimal decisions concerning how variety should proliferate in the assembly process. Therefore, we propose to complement this principle in that we additionally consider the variety induced complexity throughout the assembly process. The weighted Shannon entropy is proposed as a measure for the evaluation of this complexity. Our results show that the delayed product differentiation principle is reliable when the selection probabilities of module variants at each assembly stage are equal and the pace at which value is added in the whole assembly process is constant. Otherwise, the proposed measure provides different results. Furthermore, the entropy measure provides interesting clues concerning eventual reversals of assembly sequences and supports decisions regarding what modules in an assembly stage could be substituted by a common module.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5286/1/MPRA_paper_5286.pdf
Blecker, Thorsten and Abdelkafi, Nizar (2005): Modularity and Delayed Product Differentiation in Assemble-to-order Systems: Analysis and Extensions from a Complexity Perspective. Published in: Blecker, Th./Friedrich, G. (Ed.): Mass Customization. Concepts – Tools – Realization. Proceedings of IMCM'05 (2005): pp. 29-46.
en
oai:mpra.ub.uni-muenchen.de:7069
2019-09-27T10:39:09Z
7374617475733D696E7072657373
7375626A656374733D4F:4F33:4F3330
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F34:4F3430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7069/
A New Class of Production Functions and an Argument Against Purely Labor-Augmenting Technical Change
Growiec, Jakub
O30 - General
E23 - Production
O40 - General
This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of labor- and capital-augmenting developments. Using the Clayton copula family to capture this dependence, we derive a “Clayton-Pareto” class of production functions that nests both the Cobb-Douglas and the CES. Embedding the resultant production function in a neoclassical growth framework, we draw conclusions for the long-run direction of technical change. Jones’ result of Cobb-Douglas global production functions and purely labor-augmenting technical change hinges on the assumption of independence of marginal Pareto distributions. In our more general case, the shape of local production functions matters for the shape of the global production function, and technical change augments both factors in the long run. Furthermore, the elasticity of substitution between capital and labor may exceed unity and thus yield endogenous growth.
2006-06-19
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7069/1/MPRA_paper_7069.pdf
Growiec, Jakub (2006): A New Class of Production Functions and an Argument Against Purely Labor-Augmenting Technical Change. Forthcoming in: International Journal of Economic Theory
en
oai:mpra.ub.uni-muenchen.de:8999
2019-10-04T16:27:40Z
7374617475733D756E707562
7375626A656374733D4C:4C38
7375626A656374733D45:4532:453233
7375626A656374733D4A:4A32:4A3234
7375626A656374733D44:4432:443234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8999/
Optimal Allocation of Physical and Skills Capital in Services Production
Gupta, Abhay
L8 - Industry Studies: Services
E23 - Production
J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
”Software/ Skills” capital differs from usual physical capital (or hard-
ware) in the sense that it is non-rival and can be replicated at a cost (e.g.
patent fee or training costs). A basic model of production is developed which
involves production sector and training or replication sector (which produces
skills).
Using a 2 period production model, the paper finds that in sectors where
the objective is output maximization (e.g. government services or health
care) -
There exists an optimal ratio of investment in physical capital and in-
vestment in skills-capital depending on the state of technology and already
existing stocks.
In a capital-rich economy, a higher proportion of skills is allocated to pro-
duction sector and a higher proportion of investment is allocated to training
sector compared to capital-scarce economy .
During high-investment periods, a higher share of investment goes to physical
capital while a lower share of skills goes into production sector (compared to
low-investment period).
Initial stock of skills, does not have any affect on these allocation-ratios.
2007-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8999/1/MPRA_paper_8999.pdf
Gupta, Abhay (2007): Optimal Allocation of Physical and Skills Capital in Services Production.
en
oai:mpra.ub.uni-muenchen.de:9360
2019-10-02T21:52:29Z
7374617475733D756E707562
7375626A656374733D43:4333:433332
7375626A656374733D4F:4F34:4F3431
7375626A656374733D45:4532:453233
7375626A656374733D48:4835:483532
7375626A656374733D44:4432:443234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/9360/
Education, innovation and economic growth in Cameroon
Ngwa Edielle, T. H. Jackson
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
O41 - One, Two, and Multisector Growth Models
E23 - Production
H52 - Government Expenditures and Education
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
The main objective of this paper is to evaluate technologically (innovation or imitation) the role of human capital in Cameroon as far as economic
growth is concerned. Higher education is designed to be the main technological aspect of human capital. Theoretically, the stock of knowledge available
in a country determines through innovation productivity growth. In that way, we use a Vector Error Correction model (VECM) to evaluate the impact of
human capital on productivity growth. Productivity is approximated by the Total factors Productivity (TFP) evaluated by growth accounting method.
Our estimates show that direct effect of human capital on TFP growth between 1960 and 2001 is greater than innovation capability (Higher education
expenses) effect and less than imitation capability effect through imports. In contrary, indirect effect of human capital through foreign investments
is the most important. For a given foreign investment, a 1\% increase in human capital stock in Cameroon improves productivity up to 28.5\%.
2005-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/9360/1/MPRA_paper_9360.pdf
Ngwa Edielle, T. H. Jackson (2005): Education, innovation and economic growth in Cameroon.
fr
oai:mpra.ub.uni-muenchen.de:10034
2019-09-26T11:27:45Z
7374617475733D707562
7375626A656374733D45:4533:453331
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10034/
Analytics and Implications of Services Sector Growth in Indian Economy
Rath, Deba Prasad
Raj, Rajesh
E31 - Price Level ; Inflation ; Deflation
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E23 - Production
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
Given the magnitude of services growth and its inter-linkages with other sectors of the economy, it is important to understand the impact of services sector on other macro-economic variables. The present paper attempts to identify some of the critical issues in India’s services-led growth and tests certain hypotheses that are currently in debate. These relate to: (a) whether the robust growth of the services sector has added a dimension of stability to India's GDP growth; (b) whether there has been a growing complementarity between services and industrial sectors of the economy; (c) whether like other commodity-producing sectors, the services sector also experienced 'jobless' growth; (d) whether the imposition of services tax has boosted the Indian Government’s efforts at mobilising more resources; and (e) whether high growth of services sector in India had an inflationary impact on the economy. Our analysis found the first four hypotheses to hold true. In respect of the last hypothesis, in contrast to the expectations that high services sector growth has an inflationary impact on the economy, we found that the rising share of services sector in GDP has not contributed to inflation in the Indian economy.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10034/1/MPRA_paper_10034.pdf
Rath, Deba Prasad and Raj, Rajesh (2006): Analytics and Implications of Services Sector Growth in Indian Economy. Published in: The Journal of Income and Wealth , Vol. Volume, No. No.1; January-June 2006 (2007): pp. 47-62.
en
oai:mpra.ub.uni-muenchen.de:11340
2019-09-26T12:46:00Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3431
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11340/
Finance and Growth Cycles
Kunieda, Takuma
O41 - One, Two, and Multisector Growth Models
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
This research examines the effect of financial development on volatility in economic growth. It demonstrates theoretically that financial development has a hump-shaped effect on volatility in economic growth. In early stages
of the development of a financial sector, growth rates evolve monotonically. At the intermediate level of financial development, as the degree of credit market imperfections diminishes and as asymmetric information between borrowers and lenders is less pronounced, an economy exhibits endogenous growth cycles. However, as the financial sector matures, the volatility in the growth process dissipates and the growth rates evolve once again
monotonically.
2008-07-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11340/1/MPRA_paper_11340.pdf
Kunieda, Takuma (2008): Finance and Growth Cycles.
en
oai:mpra.ub.uni-muenchen.de:11511
2019-10-08T16:40:57Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3431
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11511/
A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity
Aoki, Shuhei
O11 - Macroeconomic Analyses of Economic Development
O41 - One, Two, and Multisector Growth Models
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
This paper develops a simple accounting framework that measures the effect of resource misallocation on aggregate productivity. This framework is based on a multi-sector general equilibrium model with sector-specific frictions in the form of taxes on sectoral factor inputs. Our framework
is flexible for the assumption on preferences or aggregate production functions. Moreover, this framework is consistent with that commonly used in productivity analysis.
I apply this framework to measure to what extent resource misallocation explains the differences in aggregate productivity across developed countries. I find that resource misallocation explains, on average, about 25% of the differences in the measured aggregate productivity among developed countries. I also provide methods to decompose the causes of the misallocation effect.
2008-10-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11511/1/MPRA_paper_11511.pdf
Aoki, Shuhei (2008): A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity.
en
oai:mpra.ub.uni-muenchen.de:11605
2019-09-30T14:39:20Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11605/
Productivity differences across OECD countries, 1970–2000: the world technology frontier revisited
Growiec, Jakub
O11 - Macroeconomic Analyses of Economic Development
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
We re-estimate the World Technology Frontier (WTF) non-parametrically, using the Data Envelopment Analysis method, with a dataset covering both OECD country-level and US state-level data on GDP per worker and the stocks of physical capital, unskilled labor, and skilled labor. The WTF 2000 is found to be spanned by a few US states such as Colorado, Connecticut, Delaware, Nevada, Utah, and Washington, while the USA as a whole falls markedly behind these leader states. The auxilliary use of US state-level data adds extra precision to cross-country growth and levels accounting exercises. We also calculate the "appropriate technology vs. efficiency" decomposition, disentangling dynamic shifts of the WTF from movements along the WTF. Our results indicate that previous estimates of the WTF might have been downward biased and previous estimates of technical efficiency might have been upward biased.
2008-11-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11605/1/MPRA_paper_11605.pdf
Growiec, Jakub (2008): Productivity differences across OECD countries, 1970–2000: the world technology frontier revisited.
en
oai:mpra.ub.uni-muenchen.de:12506
2019-09-26T13:41:54Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3431
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/12506/
A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity
Aoki, Shuhei
O11 - Macroeconomic Analyses of Economic Development
O41 - One, Two, and Multisector Growth Models
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
This paper develops a simple accounting framework that measures the effect of resource misallocation on aggregate productivity. This framework is based on a multi-sector general equilibrium model with sector-specific frictions in the form of taxes on sectoral factor inputs. Our framework
is flexible for the assumption on preferences or aggregate production functions. Moreover, this framework is consistent with that commonly used in productivity analysis. I apply this framework to measure the extent to which resource misallocation explains the difference in aggregate productivity across developed countries. I find that resource misallocation explains, on average, 17% of the difference in the measured aggregate productivity among developed countries. I also provide the methods to decompose the causes of the misallocation effect.
2008-10-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/12506/1/MPRA_paper_12506.pdf
Aoki, Shuhei (2008): A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity.
en
oai:mpra.ub.uni-muenchen.de:12758
2019-09-28T04:43:35Z
7374617475733D707562
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
7375626A656374733D44:4432:443234
7375626A656374733D52:5231:523131
7375626A656374733D4C:4C36:4C3630
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/12758/
Efficiency, Technological Progress and Regional Comparative Advantage: A Study of Organised Manufacturing Sector in India
Mukherjee, Dipa
Majumder, Rajarshi
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
L60 - General
Technological upgradation and increasing capital intensity in organised manufacturing sector in India has been championed on grounds of improving productivity, efficiency, and competitiveness. In a developing economy this is a costly proposition due to capital scarcity, and the effect of technological changes on productivity and efficiency levels have to be estimated before taking such policies. This paper seeks to estimate trends in Factor Productivity, Technological Progress, and Technological Efficiency in this sector and examines their relative importance also. Technical Efficiency is observed to be moderate and further declining in the nineties. Substantial disparity exists among regions and product groups regarding Efficiency, Technical Progress and Efficiency changes. It is found that increasing capital intensity has been associated with falling productivity, efficiency, and technological deceleration in the nineties. Wider diffusion rather than greater capital use is thus recommended for productivity rise. Regional efficiency matrix is also prepared so that states can focus on specific areas where they have comparative advantages.
2008
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/12758/1/MPRA_paper_12758.pdf
Mukherjee, Dipa and Majumder, Rajarshi (2008): Efficiency, Technological Progress and Regional Comparative Advantage: A Study of Organised Manufacturing Sector in India. Published in: Asia Pacific Development Journal , Vol. 14, No. 2
en
oai:mpra.ub.uni-muenchen.de:13051
2019-09-29T03:09:05Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
7375626A656374733D45:4531:453133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/13051/
Technological Catch-up or Neoclassical Convergence? Identifying the Channels of Convergence for Italian Regions
Scoppa, Vincenzo
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
E13 - Neoclassical
We investigate whether Italian regions have converged in terms of output per worker because of physical capital accumulation, human capital accumulation or thanks to technological catch-up. In order to identify channels of convergence we adopt the methodology recently proposed by Wong (2007) and Feyrer (2007) which combine growth accounting with convergence regressions. Merging two datasets of regional economic accounts (ISTAT and CRENoS) to obtain longer time series, we show that convergence has been realized mainly thanks to technological catch-up and, to some extent, through human capital accumulation. On the other hand, physical capital has been a factor of divergence. These results are robust to model specifications, sets of data and alternative assumptions on parameters value.
2009-01-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/13051/1/MPRA_paper_13051.pdf
Scoppa, Vincenzo (2009): Technological Catch-up or Neoclassical Convergence? Identifying the Channels of Convergence for Italian Regions.
en
oai:mpra.ub.uni-muenchen.de:13588
2019-09-28T04:31:58Z
7374617475733D707562
7375626A656374733D45:4532:453235
7375626A656374733D43:4335:433533
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/13588/
Scenarios of economic development in Romania - medium to long-term forecasting models
Albu, Lucian-Liviu
Roudoi, Andrei
E25 - Aggregate Factor Income Distribution
C53 - Forecasting and Prediction Methods ; Simulation Methods
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
In order to obtain plausible scenarios of economic development in Romania up to the 2015 horizon, we used a mix of forecasting models, from ones classified as “medium-term” to those covering longer forecasting periods. Based on the analysis of the economic transition period we mainly used three models: a) A sustainability function model (public debt and fiscal deficits); b) A simple econometric model, based on a production function, in which FDI and exports are introduced as inputs in addition to labour and domestic capital (also developed as a quarterly model); c) A standard Cobb-Douglas model (also used in the case of the main economic sectors). In this paper we are synthetically presenting the basic equations of the models, and also their main simulation outputs.
2003-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/13588/1/MPRA_paper_13588.pdf
Albu, Lucian-Liviu and Roudoi, Andrei (2003): Scenarios of economic development in Romania - medium to long-term forecasting models. Published in: Romanian Journal of Economic Forecasting , Vol. 4, No. 5 (December 2003): pp. 64-77.
en
oai:mpra.ub.uni-muenchen.de:13701
2019-10-01T04:02:55Z
7374617475733D756E707562
7375626A656374733D44:4432:443231
7375626A656374733D45:4532:453232
7375626A656374733D44:4435:443538
7375626A656374733D45:4531:453130
7375626A656374733D45:4533:453332
7375626A656374733D43:4332:433233
7375626A656374733D45:4532:453233
7375626A656374733D44:4432:443234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/13701/
The great dissolution: organization capital and diverging volatility puzzle
Che, Natasha Xingyuan
D21 - Firm Behavior: Theory
E22 - Investment ; Capital ; Intangible Capital ; Capacity
D58 - Computable and Other Applied General Equilibrium Models
E10 - General
E32 - Business Fluctuations ; Cycles
C23 - Panel Data Models ; Spatio-temporal Models
E23 - Production
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US firms has been increasing during the same period. The paper aims to reconcile the opposite trends of firm-level and aggregate volatilities.
I argue that the rise of organization capital, or firm-specific intangible capital, is the origin of the volatility divergence. Firms in the modern economy have been investing heavily in intangible and organizational assets, such as R&D, management processes, intellectual property, software, and brand name - the "soft" capitals that distinguish a firm from the sum of its physical properties.
Most intangible assets are firm-specific, inseparable from the company that originally produced them, and difficult to trade on outside market. Investing in these organization-specific capitals insulates a firm from market-wide shocks, but introduces higher firm-specific risk that does not equally affect its peers. When value creation is increasingly relying on organization capital, the impact of idiosyncratic risk factor rises, while that of general risk factor declines. The former elevates firm-level volatility; the latter reduces aggregate volatility, mainly through weakening the positive co-movements among firms. Therefore, the decrease in aggregate output volatility is not because of less turbulent macro environment, but a result of more heterogeneity among production units. In this sense, the Great Moderation is rather a story of "Great Dissolution". It may indicate greater economic uncertainty faced by individual agents, instead of less.
My empirical investigation found that, consistent with the paper's hypotheses, firm-level volatility increases with organizational investment, but general factors' impact on firm performance and a firm's correlation with others decrease with organizational investment. Simulations of the general equilibrium model featuring organization capital investment are capable of replicating the volatility trends at both aggregate and firm level for the past two decades.
2009
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/13701/1/MPRA_paper_13701.pdf
Che, Natasha Xingyuan (2009): The great dissolution: organization capital and diverging volatility puzzle.
en
oai:mpra.ub.uni-muenchen.de:14703
2019-09-26T12:07:25Z
7374617475733D756E707562
7375626A656374733D51:5134:513431
7375626A656374733D4F:4F35:4F3533
7375626A656374733D51:5134:513438
7375626A656374733D45:4532:453232
7375626A656374733D4F:4F31:4F3133
7375626A656374733D45:4532:453233
7375626A656374733D50:5032:503232
7375626A656374733D51:5134:513433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/14703/
Oil price shocks and their short- and long-term effects on the Chinese economy
Tang, Weiqi
Wu, Libo
Zhang, ZhongXiang
Q41 - Demand and Supply ; Prices
O53 - Asia including Middle East
Q48 - Government Policy
E22 - Investment ; Capital ; Intangible Capital ; Capacity
O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products
E23 - Production
P22 - Prices
Q43 - Energy and the Macroeconomy
A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper attempts to fill this gap by answering how and to what extent oil-price shocks impact China’s economy, emphasizing on the price transmission mechanisms. To that end, we develop a structural vector auto-regressive model. Our results show that an oil-price increase negatively affects output and investment, but positively affects inflation rate and interest rate. However, with the differentiated price control policies for materials and intermediates on the one hand and final products on the other hand in China, the impact on real economy, represented by real output and real investment, lasts much longer than that to price/monetary variables. Our decomposition results also show that the short-term impact, namely output decrease induced by the cut of capacity-utilization rate, is greater in the first one to two years, but the portion of the long-term impact, defined as the impact realized through an investment change, increases steadily and exceeds that of short-term impact at the end of the second year. Afterwards, the long-term impact dominates, and maintains for quite some time.
2009-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/14703/1/MPRA_paper_14703.pdf
Tang, Weiqi and Wu, Libo and Zhang, ZhongXiang (2009): Oil price shocks and their short- and long-term effects on the Chinese economy.
en
oai:mpra.ub.uni-muenchen.de:14729
2019-09-27T10:20:07Z
7374617475733D707562
7375626A656374733D4F:4F34:4F3431
7375626A656374733D43:4335:433533
7375626A656374733D43:4336:433633
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/14729/
Estimating contribution of factors to long-term growth in Romania
Albu, Lucian-Liviu
O41 - One, Two, and Multisector Growth Models
C53 - Forecasting and Prediction Methods ; Simulation Methods
C63 - Computational Techniques ; Simulation Modeling
E23 - Production
The paper analyses the dynamics and structure of GDP in Romania during the transition period. Starting from the classical Cobb-Douglas production model, the paper investigates different scenarios for the Romanian economy on the basis of different assumptions regarding the model’s parameters. The adapted model also tries to cover the implications of some peculiarities of the Romanian transition economy, such as a large agricultural sector.
2003-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/14729/1/MPRA_paper_14729.pdf
Albu, Lucian-Liviu (2003): Estimating contribution of factors to long-term growth in Romania. Published in: Revue Roumaine des Sciences Economiques , Vol. 48, No. 2 : pp. 197-206.
en
oai:mpra.ub.uni-muenchen.de:14901
2019-10-03T17:22:24Z
7374617475733D756E707562
7375626A656374733D44:4434:443436
7375626A656374733D42:4235:423531
7375626A656374733D42:4231:423132
7375626A656374733D45:4531:453132
7375626A656374733D44:4433:443333
7375626A656374733D45:4532:453233
7375626A656374733D45:4531:453131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/14901/
The Classical approach to distribution and the “natural system”
Bellino, Enrico
D46 - Value Theory
B51 - Socialist ; Marxian ; Sraffian
B12 - Classical (includes Adam Smith)
E12 - Keynes ; Keynesian ; Post-Keynesian
D33 - Factor Income Distribution
E23 - Production
E11 - Marxian ; Sraffian ; Kaleckian
The modern reformulation of Classical analysis of value and distribution built upon Sraffa’s Production of Commodities provides quite a general and open framework to study distributive relationships, that deserves to be still explored. The present work aims to go through these relationships according to the perspective ensuing from the notion of “natural economic system”, developed by Pasinetti.
The natural economic system is a sort of ideal configuration, which allows to accomplish the potentialities of the production system concerning growth, employment and the satisfaction of final wants. Actual (capitalist) economies do not normally fulfil the “natural”
configuration. But this configuration can be considered a reference point in order to discriminate between the conditions that have to be verified for the system to reproduce itself and grow according to its potentialities, and the conditions that have to be regarded as pertaining to the institutional sphere.
On this perspective several indications can be drawn on various aspects. In this work we shall focus on the normative conclusions that can be drawn about income distribution. Firstly a description of the characteristics and the implications of the “natural” configuration of income distribution will be provided: we will focus on natural rates of profit (which are differentiated among sectors), on the natural level of wages and on the natural
rate of interest. Secondly we will depict some instruments to orientate the actual set-up of capitalistic economies towards the natural configuration. In particular we will develop a notion of uniform natural profit rate and we will describe the consequent necessary (“natural”) financial system which allows the natural accumulation of capital to be realized in a capitalistic context, where profit rates tend to be uniform.
2009-04-28
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/14901/1/MPRA_paper_14901.pdf
Bellino, Enrico (2009): The Classical approach to distribution and the “natural system”.
en
oai:mpra.ub.uni-muenchen.de:14944
2019-09-27T16:37:50Z
7374617475733D756E707562
7375626A656374733D43:4333:433332
7375626A656374733D44:4439:443931
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/14944/
Balanced growth and structural breaks: Evidence for Germany
Herzer, Dierk
Kemper, Niels
Zamparelli, Luca
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
D91 - Intertemporal Household Choice ; Life Cycle Models and Saving
E23 - Production
One of the central hypotheses of the neoclassical growth literature is the balanced- growth hypothesis, which predicts that output, consumption, and investment grow at the same rate. Empirically, this implies that the consumption-to-output ratio and the investment-to-output ratio must be stationary and that consumption and investment must be cointegrated with output. This paper tests these implications with respect to Germany, using unit root tests and cointegration techniques that allow for an endogenously determined structural break. We find that the long-run growth path of the German economy is consistent with the balanced-growth hypothesis if we allow for a structural break associated with the worldwide productivity slowdown of the early 1970s.
2009-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/14944/1/MPRA_paper_14944.pdf
Herzer, Dierk and Kemper, Niels and Zamparelli, Luca (2009): Balanced growth and structural breaks: Evidence for Germany.
en
oai:mpra.ub.uni-muenchen.de:14978
2019-10-25T18:12:28Z
oai:mpra.ub.uni-muenchen.de:15225
2019-10-28T19:05:40Z
oai:mpra.ub.uni-muenchen.de:15508
2019-09-27T05:02:54Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D45:4532:453233
7375626A656374733D4A:4A32:4A3234
7375626A656374733D44:4432:443234
7375626A656374733D4F:4F33:4F3331
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15508/
A Theory of Total Factor Productivity and the Convergence Hypothesis: Workers’ Innovations as an Essential Element
Harashima, Taiji
O11 - Macroeconomic Analyses of Economic Development
E23 - Production
J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
O31 - Innovation and Invention: Processes and Incentives
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
A theory of total factor productivity (TFP) is needed to explain why substantial differences in international income have been observed. This paper presents a theory of TFP that incorporates workers’ innovations. Because workers are human and capable of creative intellectual activities, they can create innovations even if these innovations are minor. The creative activities of ordinary workers have been almost entirely neglected in economics even though the importance of workers’ learning activities has been emphasized by the theories of learning-by-doing and human capital. I examine this creative element and show that innovations created by ordinary workers are indispensable for efficient production. A production function incorporating workers’ innovations is shown to have a Cobb-Douglas functional form with a labor share of about 70%. The production function offers a microfoundation of the Cobb-Douglas production function and more importantly indicates that heterogeneous parameter values with regard to workers’ innovations are essential factors of the currently observed substantial income difference across economies.
2009-05-31
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15508/1/MPRA_paper_15508.pdf
Harashima, Taiji (2009): A Theory of Total Factor Productivity and the Convergence Hypothesis: Workers’ Innovations as an Essential Element.
en
oai:mpra.ub.uni-muenchen.de:15614
2019-10-02T10:51:18Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15614/
Estimaciones alternativas del PIB potencial en la República Dominicana
Cruz Rodriguez, Alexis
Francos Rodriguez, Martin
E32 - Business Fluctuations ; Cycles
E23 - Production
In this paper we apply different methods to calculate the potential output of the Dominican Republic. The estimates were made using two data sets. First, we use a quarterly data set covering the period 1980-2006 and then an annual data set for the period 1950-2006 is used. The results of the estimates for each method are compared based on growth rates and generate correlations between them. Growth rates are similar and found a high correlation between the different methods used. For the period 1950-2006 the country's potential output was around 4.8%, while for the period 1980-2006 it was around 4.0%. Additionally, these results allow for calculation the gap between actual and potential output.
2008-02-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15614/1/MPRA_paper_15614.pdf
Cruz Rodriguez, Alexis and Francos Rodriguez, Martin (2008): Estimaciones alternativas del PIB potencial en la República Dominicana.
es
oai:mpra.ub.uni-muenchen.de:15740
2019-09-26T09:22:07Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
7375626A656374733D45:4531:453133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15740/
Quality of Human and Physical Capital and Technological Gaps across Italian Regions
Scoppa, Vincenzo
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
E13 - Neoclassical
This paper evaluates the relative contribution of factor accumulation and technology in explaining output per worker differences across Italian regions in the period 2000-2004. The contributions of physical and human capital are separately estimated through the variance decomposition of output per worker. Whereas from a basic analysis of development accounting with crude data TFP emerges as a fundamental determinant of output per worker, when more accurate data are used in the estimations of human and physical capital, results change radically, showing a higher importance of factor accumulation with respect to previous standard estimations. Several measures of quality of human and physical capital are introduced: a) individuals’ cognitive skills as measured in international test scores; b) region specific rates of return on human capital; c) public investments and public-subsidized investments are weighted differently from private investment in the determination of physical capital stock. We show that better measurement of factor inputs allows a reduction in the solowian “measure of our ignorance”.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15740/1/MPRA_paper_15740.pdf
Scoppa, Vincenzo (2007): Quality of Human and Physical Capital and Technological Gaps across Italian Regions.
en
oai:mpra.ub.uni-muenchen.de:15755
2019-09-28T04:13:27Z
7374617475733D756E707562
7375626A656374733D41:4131
7375626A656374733D44:4434:443430
7375626A656374733D44:4431
7375626A656374733D4F:4F31
7375626A656374733D45:4532
7375626A656374733D4E:4E35
7375626A656374733D45:4532:453233
7375626A656374733D52:5232
7375626A656374733D4F:4F34
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15755/
Achieving Sustainable Consumption for Sustainable Development: Issues and Solutions
K, Sudarkodi
A1 - General Economics
D40 - General
D1 - Household Behavior and Family Economics
O1 - Economic Development
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
N5 - Agriculture, Natural Resources, Environment, and Extractive Industries
E23 - Production
R2 - Household Analysis
O4 - Economic Growth and Aggregate Productivity
Promoting sustainable consumption and production are important aspects of sustainable development. Agenda 21, endorsed by the United Nations Conference on Economic Development (UNCED) in 1992, identified unsustainable consumption and production patterns, particularly in industrialised countries, as the major cause behind the continued deterioration of the global environment. Agenda 21 stresses that changes in consumption and production patterns are necessary to ensure more sustainable development. It calls on industrialised countries to take the lead in achieving sustainable consumption patterns and demonstrate that resource-efficient, low-pollution lifestyles are feasible. The World Summit on Sustainable Development (WSSD) in Johannesburg recognised the necessity of “changing unsustainable patterns of consumption and production”. Current patterns of consumption and production, particularly, in the developed countries are unsustainable. They are depleting forest resources, fisheries, groundwater and bio diversity, polluting air, water and eco systems and causing dangerous climate changes. Environmental decay is occurring everywhere around the globe.
This article focuses on sustainable consumption. Without sustainable consumption, sustainable development is impossible. Sustainable consumption has become an important issue on the global governance agenda. There is an increasing recognition that increases in resource productivity alone will not be sufficient to deliver sustainable development. Shifts in the scale and pattern of consumption are essential and it depends on the expectations, choices, behaviours and the lifestyles of consumers. These issues are key components within the emerging concept of ‘Sustainable Consumption’.
2009-06-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15755/1/MPRA_paper_15755.pdf
K, Sudarkodi (2009): Achieving Sustainable Consumption for Sustainable Development: Issues and Solutions.
en
oai:mpra.ub.uni-muenchen.de:16993
2019-10-01T12:48:50Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3431
7375626A656374733D45:4532:453233
7375626A656374733D45:4531:453133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/16993/
Sector-Specific Externalities and Endogenous Growth under Social Constant Returns
Mino, Kazuo
O41 - One, Two, and Multisector Growth Models
E23 - Production
E13 - Neoclassical
By examining two-sector models of endogenous growth with physical and human capital, this paper demonstrates that indeterminacy of equilibrium may emerge even in the absence of social increasing returns. The first model we examine assumes that both final good and new human capital production sectors employ physical as well as human capital under social constant returns but private decreasing returns due to the presence of sector-specific externalities. It is shown
that a small divergence between private and social factor intensity conditions generates indeterminacy of equilibrium rather easily even under constant returns. I addition, we show that introducing endogenous labor supply may enhance the possibility of indeterminacy. Some extensions and intuitive interpretation of the indeterminacy conditions are also presented.
2000-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/16993/1/MPRA_paper_16993.pdf
Mino, Kazuo (2000): Sector-Specific Externalities and Endogenous Growth under Social Constant Returns.
en
oai:mpra.ub.uni-muenchen.de:17149
2019-09-26T09:44:20Z
7374617475733D696E7072657373
7375626A656374733D49:4933:493331
7375626A656374733D51:5131:513131
7375626A656374733D45:4532:453233
7375626A656374733D44:4432:443230
7375626A656374733D45:4530:453030
7375626A656374733D51:5131:513138
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/17149/
Edible Oil Deficit and Its Impact on Food Expenditure in Pakistan
Ali, Muhammad
Arifullah, Syed
Memon, Manzoor Hussain
I31 - General Welfare, Well-Being
Q11 - Aggregate Supply and Demand Analysis ; Prices
E23 - Production
D20 - General
E00 - General
Q18 - Agricultural Policy ; Food Policy
This study is an attempt to analyze the impact of Edible Oil Deficit on Food Expenditure in Pakistan for the period 1971-2008. Edible oil deficit is one of the major concerns for the policy makers in Pakistan. Despite of having agriculture based economy; Pakistan is unable to fulfil her domestic demand of edible oil by local production. This situation forces the government to import edible oil and oil seeds from other countries. This import not only increases our balance of payment deficit but also it negatively affects the ability to finance the external debt repayments.
Autoregressive Distributed Lag model has been used to analyse the long run relationship amongst the variables. Other important determinants of food expenditure along with edible oil deficit were also used to check for their collective long run impact. It was found that long run negative relationship exists between edible oil deficit and food expenditure and hence the result derives the policy implication that there is a need to boost up the efforts in the agriculture sector to steadily increase the local production of oil seeds in the country. The relationship between the per capita GDP and food expenditure is found to be positive and significant with elasticity of 0.261 suggesting that 1 percent increase in per capita GDP will cause food expenditure to increase by 0.26 percent. The relationship between food subsidy and food expenditure is found to be insignificant suggesting that due to improper targeting and consumer’s perception about quality and accessibility of subsidized food, Government’s food support programs are not effective.
2009-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/17149/1/MPRA_paper_17149.pdf
Ali, Muhammad and Arifullah, Syed and Memon, Manzoor Hussain (2009): Edible Oil Deficit and Its Impact on Food Expenditure in Pakistan. Forthcoming in: Pakistan Development Review
en
oai:mpra.ub.uni-muenchen.de:17486
2019-09-30T13:04:11Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4535:453532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/17486/
Nonconvex Margins of Output Adjustment and Aggregate Fluctuations
Sustek, Roman
E32 - Business Fluctuations ; Cycles
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E52 - Monetary Policy
In most manufacturing industries output is adjusted in a lumpy way along three margins: shiftwork, weekend work, and closing a plant temporarily down. We incorporate such decisions into a dynamic general equilibrium model and study: (i) if such micro-level nonconvexities magnify business cycles; and (ii) if the aggregate effects of changes in firms' borrowing costs due to monetary policy shocks vary over the cycle. Calibrated to industrial observations, the model implies that aggregate output is in fact 25% less volatile than in an economy without such features, and monetary policy shocks have similar effects on output in recessions as in expansions.
2009-09-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/17486/1/MPRA_paper_17486.pdf
Sustek, Roman (2009): Nonconvex Margins of Output Adjustment and Aggregate Fluctuations.
en
oai:mpra.ub.uni-muenchen.de:17665
2019-09-26T14:20:02Z
7374617475733D756E707562
7375626A656374733D45:4532:453233
7375626A656374733D52:5233:523332
7375626A656374733D44:4435:443531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/17665/
External scale economies in manufacturing sector of Pakistan: a comparison of large scale manufacturing sector of Sindh and Punjab
Zafar, Sohail
Ahmed, Vaqar
E23 - Production
R32 - Other Spatial Production and Pricing Analysis
D51 - Exchange and Production Economies
This study investigates the external economies of scale in the manufacturing sector of Pakistan. The Return to scale is a property of the production function that indicates the relationship between proportionate change, in all inputs and resulting change in output. Returns to scale are applicable only in the long run, since all inputs are being changed. The estimated value of the coefficient of returns to scale at aggregate level is 1.017. It means that one percentage point change in all input quantities results in 1.017 percent change in output. It turns out that manufacturing sector of Pakistan is characterized by almost constant returns to scale at aggregates and disaggregate level.
2009-10-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/17665/1/MPRA_paper_17665.pdf
Zafar, Sohail and Ahmed, Vaqar (2009): External scale economies in manufacturing sector of Pakistan: a comparison of large scale manufacturing sector of Sindh and Punjab.
en
oai:mpra.ub.uni-muenchen.de:17902
2019-09-28T16:41:55Z
7374617475733D756E707562
7375626A656374733D45:4532:453233
7375626A656374733D4E:4E39:4E3935
7375626A656374733D43:4331:433131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/17902/
Bayesian Estimation of Spatial Externalities Using Regional Production Function: The Case of China and Japan
Hashiguchi, Yoshihiro
E23 - Production
N95 - Asia including Middle East
C11 - Bayesian Analysis: General
This paper used regional panel data for Chinese provinces from 1979 to 2003, and for Japanese prefectures from 1955 to 1998, to estimate the spatial externalities (or spatial multiplier effects) using a production function and Bayesian methodology, and to investigate the long-run behavior of the spatial externalities of each country. According to the estimation results, China's spatial externalities increased its domestic production significantly after 1994, which tended to increase until 2003. Before 1993, however, its spatial externalities were not significant. Japan's spatial externalities showed fluctuating values throughout the sample period. Furthermore, the movement of the spatial externalities was correlated with Japan's business conditions: the externalities showed a high value in the economic boom, and a low value in the economic depression. This could mean that spatial externalities depend mainly on business conditions.
2009-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/17902/1/MPRA_paper_17902.pdf
Hashiguchi, Yoshihiro (2009): Bayesian Estimation of Spatial Externalities Using Regional Production Function: The Case of China and Japan.
en
oai:mpra.ub.uni-muenchen.de:18695
2019-09-27T16:38:33Z
7374617475733D696E7072657373
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D43:4331:433131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/18695/
Input and Output Inventories in the UK
Tsoukalas, John
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
C11 - Bayesian Analysis: General
What is the role of inventories in UK manufacturing? We present and estimate a
model of inventories that considers separately finished goods and input (i.e. the sum
of raw materials and work-in-process) inventories. We estimate structural parameters
which allows us to make inferences on the role of inventories in cyclical frequencies.
Our results suggest that both types of inventories are used for production level (from
demand shocks) and production cost (from cost shocks) smoothing. We identify a small
but significant negative relationship between inventories and the real interest rate thus
providing support for one of the textbook channels of the monetary policy transmission
mechanism. Variance decompositions indicate that technology shocks are the dominant
driving factor behind cyclical changes in inventories. These shocks account for over
35% of the forecast error variance at these frequencies.
2009-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/18695/1/MPRA_paper_18695.pdf
Tsoukalas, John (2009): Input and Output Inventories in the UK. Forthcoming in: Economica
en
oai:mpra.ub.uni-muenchen.de:19138
2019-10-01T12:43:53Z
7374617475733D707562
7375626A656374733D4C:4C31:4C3131
7375626A656374733D4F:4F32:4F3235
7375626A656374733D4F:4F32:4F3234
7375626A656374733D4C:4C31:4C3130
7375626A656374733D4F:4F32:4F3231
7375626A656374733D4C:4C30:4C3030
7375626A656374733D4C:4C31:4C3136
7375626A656374733D4D:4D33:4D3331
7375626A656374733D4C:4C32:4C3233
7375626A656374733D45:4532:453233
7375626A656374733D4C:4C32:4C3236
7375626A656374733D4D:4D33:4D3330
7375626A656374733D44:4432:443234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19138/
Маркетинговый аспект формирования оптимального промышленного ассортимента товара для малого бизнеса
Sidorchuk, Roman
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
O25 - Industrial Policy
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
L10 - General
O21 - Planning Models ; Planning Policy
L00 - General
L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change ; Industrial Price Indices
M31 - Marketing
L23 - Organization of Production
E23 - Production
L26 - Entrepreneurship
M30 - General
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
Article deals with matters of quantitative methods of creating the optimal range for a small manufacturing enterprise. The classical approach to the formation of an optimal production program based on mathematical methods for linear programming is viewed through the prism of consumer preferences. As a result of proposed road modernization of the classical scheme, taking into account consumer preferences on the basis of the model Fishbein. An example of the use of standard software for creating the optimal range of industrial products for small manufacturing enterprises.
2008-11-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19138/1/MPRA_paper_19138.pdf
Sidorchuk, Roman (2008): Маркетинговый аспект формирования оптимального промышленного ассортимента товара для малого бизнеса. Published in: Маркетинг в России и за рубежом (Marketing in Russia and abroad) , Vol. 1, No. 2009 (8 January 2009): pp. 72-81.
ru
oai:mpra.ub.uni-muenchen.de:19293
2019-09-28T00:07:13Z
7374617475733D756E707562
7375626A656374733D43:4335:433530
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19293/
Real Wages, Inflation and Labour Productivity in Australia
Kumar, Saten
Webber, Don J.
Perry, Geoff
C50 - General
E23 - Production
This paper presents an analysis of real wages, inflation and labour productivity interrelationships using cointegration, Granger-causality and, most importantly, structural change tests. Applications of tests to Australian data over the 1965-2007 period corroborate the presence of a structural break in 1985 and show that a 1 percent increase in manufacturing sector real wages led to an increase in manufacturing sector productivity of between 0.5 and 0.8 percent. Comparable estimates for the effect of inflation on manufacturing sector productivity have limited statistical significance. Granger causality test results suggest that real wages and inflation both Granger-cause productivity in the long run.
2009-11-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19293/1/MPRA_paper_19293.pdf
Kumar, Saten and Webber, Don J. and Perry, Geoff (2009): Real Wages, Inflation and Labour Productivity in Australia.
en
oai:mpra.ub.uni-muenchen.de:19321
2019-09-29T05:35:02Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19321/
On the Measurement of Technological Progress Across Countries
Growiec, Jakub
O11 - Macroeconomic Analyses of Economic Development
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
We construct 14 alternative measures of technological progress for 19 OECD countries over the period 1970--2000, distinguishing between measures of productivity gains actually obtained in a given country (TFP growth, Malmquist index) and technological progress at the world technology frontier (potential TFP growth, the "frontier shift" index). We then compare these measures according to a range of characteristics, shedding light on some of their relative weaknesses and strengths. We find that these characteristics are sensitive to the precision of estimates of the world technology frontier, and then we demonstrate that this precision can be increased substantially by allowing for imperfect substitutability between unskilled and skilled labor and using US state-level data apart from cross-country data for estimating the world technology frontier. Because none of the 14 measures dominates all others on all dimensions, we conclude that the choice of appropriate measurement method should be suited to the question addressed in each particular study.
2009-12-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19321/1/MPRA_paper_19321.pdf
Growiec, Jakub (2009): On the Measurement of Technological Progress Across Countries.
en
oai:mpra.ub.uni-muenchen.de:19653
2019-10-03T03:04:21Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D45:4531:453137
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19653/
Sectoral Structural Change in a Knowledge Economy
Che, Natasha Xingyuan
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E17 - Forecasting and Simulation: Models and Applications
E23 - Production
The sectoral composition of US economy has shifted dramatically in the recent decades. At the same time, knowledge and information capital has become increasingly important in modern production process. This paper argues that a ready explanation for the recent sectoral structural change lies in the difference of intangible capital accumulation across sectors. In the two-sector model of the paper, as the importance of intangible capital increases, labor is shifted from direct goods production to creating sector-specific intangible capital. In the process, the real output and employment shares of the high-intangible sector increase.
The model generates sectoral composition change and labor productivity trend that reasonably match the data. It also shows that conventional labor productivity calculation understates the "true" productivity in sectoral goods production. The underestimation is greater for the growing sector.
The empirical regressions of the paper indicate a positive and significant association between intangible capital investment intensity and firms' future output and employment growth. The correlation is higher for firms in the growing sector. At the industry level, controlling for industry human capital intensity, physical capital intensity and IT investment level, intangible capital intensity is positively correlated with future industry real output and employment share growth. These findings are consistent with the implications of the model.
The paper also presents evidence suggesting that most growing service industries are intangible capital intensive. Thus the theory developed here can also help to reconcile the expansion of the service sector and the seemingly low productivity of the sector.
2009-12-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19653/1/MPRA_paper_19653.pdf
Che, Natasha Xingyuan (2009): Sectoral Structural Change in a Knowledge Economy.
en
oai:mpra.ub.uni-muenchen.de:19839
2019-10-03T17:51:49Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D45:4531:453137
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19839/
Sectoral Structural Change in a Knowledge Economy
Che, Natasha Xingyuan
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E17 - Forecasting and Simulation: Models and Applications
E23 - Production
The sectoral composition of the US economy has shifted dramatically in the recent decades. At the same time, knowledge and information capital has become increasingly important in modern production processes. This paper argues that a ready explanation for the recent sectoral structural change lies in the difference of intangible capital accumulation across sectors. In the two-sector model of the paper, as the importance of intangible capital increases, labor is shifted from direct goods production to creating sector-specific intangible capital. In the process, the real output and employment shares of the high-intangible sector increase.
The model generates sectoral composition change and labor productivity trend that reasonably match the data. It also shows that conventional labor productivity calculation understates the "true" productivity in sectoral goods production. The underestimation is greater for the growing sector.
The empirical regressions of the paper indicate a positive and significant association between intangible capital investment intensity and firms' future output and employment growth. The correlation is higher for firms in the growing sector. At the industry level, controlling for industry human capital intensity, physical capital intensity and IT investment level, intangible capital intensity is positively correlated with future industry real output and employment share growth. These findings are consistent with the implications of the model.
The paper also presents evidence suggesting that most growing service industries are intangible capital intensive. Thus the theory developed here can also help to reconcile the expansion of the service sector and the seemingly low productivity of the sector.
2009-12-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19839/1/MPRA_paper_19839.pdf
Che, Natasha Xingyuan (2009): Sectoral Structural Change in a Knowledge Economy.
en
oai:mpra.ub.uni-muenchen.de:19974
2019-09-29T13:04:46Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D46:4632:463233
7375626A656374733D45:4532:453233
7375626A656374733D46:4630:463031
7375626A656374733D45:4532:453230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19974/
Has the Globalisation really generated more competition in OECD economies
Jambu, Marc-Antoine
E32 - Business Fluctuations ; Cycles
F23 - Multinational Firms ; International Business
E23 - Production
F01 - Global Outlook
E20 - General
Globalisation have generated a more or less competetive market according to the kind of rms.
The Great moderation has structural causes such as market power, which is possible to study
through the reduced form of the NKPC obtained with the Calvo and Rotemberg price setting
assumptions. The Calvo model fails to predict the increase of price volatility on Business to
Business (BotB) product markets where competition has denitively increased. By using a
model with upstream and downstream rms, according to the Theory of rm Literature, where
both are constraint by the Rotemberg price setting assumption, the model predicts the Great
Moderation in OECD economies only if the hypothesis of an increase in the global markup
is kept. Simulations replicate NKPC slope empirical estimations. This unusual hypothesis is
supported by the increasing share of prot in value added, by the development of credit market
in OECD countries and by the american increasing revenues inequalities. The model produces
endogeneous incentives to a more exible labor market and the development of credit market.
A global decreased competetive market gives an explanation of the barely growth of median
wage, compare to the growth of global productivity during the period of the Great Moderation.
2010-01-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19974/1/MPRA_paper_19974.pdf
Jambu, Marc-Antoine (2010): Has the Globalisation really generated more competition in OECD economies.
en
oai:mpra.ub.uni-muenchen.de:20598
2019-10-13T04:48:43Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D46:4632:463233
7375626A656374733D45:4532:453233
7375626A656374733D46:4630:463031
7375626A656374733D45:4532:453230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/20598/
Has the Globalisation really generated more competition in OECD economies
Jambu, Marc-Antoine
E32 - Business Fluctuations ; Cycles
F23 - Multinational Firms ; International Business
E23 - Production
F01 - Global Outlook
E20 - General
Since the 1970's, firms struture have changed to fit the Globalization of the Market. Some firms
have suffered from increased competition, whereas others, generally big ones in the Business to
Consumer sector, have enjoyed a decrease in competition. The market power of firms can affect
the monetary policy trade-off between output volatility and price volatility. This trade-off is
generally studied with the New Keynesian Philips Curve equation, which can be obtained by
assuming Calvo or Rotemberg price setting assumptions. Both can involved a market power
parameter. But the Calvo model fails to predict the increase of price volatility on markets, like
manufactured goods, where competition has denitively increased. By using the Rotemberg
assumption and modelling firms according to the Theory of rm Literature, the model generates
the Great Moderation, only if we assume a global rise of the markup in OECD economies since
the beginning of the 1980's. It also generates two other stylized facts since the beginning of
the 1980's: a rise in wage variability and in labor variability relative to output variability. This
simple model replicates a value of the NKPC quite close from empirical estimations since the
1990's. The model steady state with a higher value of mark-up since 1980 supports the fact
that inequalities are higher since the Great Moderation. To finish, it gives a simple explanation
for the barely growth of median wage compare to the growth of global productivity.
2010-01-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/20598/1/MPRA_paper_20598.pdf
Jambu, Marc-Antoine (2010): Has the Globalisation really generated more competition in OECD economies.
en
oai:mpra.ub.uni-muenchen.de:21321
2019-09-27T08:09:59Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D45:4532:453233
7375626A656374733D45:4535:453532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/21321/
Optimal Monetary Policy with Durable Consumption Goods and Factor Demand Linkages
Petrella, Ivan
Santoro, Emiliano
E32 - Business Fluctuations ; Cycles
E23 - Production
E52 - Monetary Policy
This paper deals with the implications of factor demand linkages for monetary policy design. We consider a dynamic general equilibrium model with two sectors that produce durable and non-durable goods, respectively. Part of the output of each sector serves as a production input in both sectors, in accordance with a realistic input-output structure. Strategic complementarities induced by factor demand linkages significantly alter the transmission of exogenous shocks and amplify the loss of social welfare under optimal monetary policy, compared to what is observed in standard two-sector models. The distinction between value added and gross output that naturally arises in this context is of key importance to explore the welfare properties of the model economy. A flexible inflation targeting regime is close to optimal only if the central bank balances inflation and value added variability. Otherwise, targeting gross output variability entails a substantial increase in the loss of welfare.
2010-03-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/21321/1/MPRA_paper_21321.pdf
Petrella, Ivan and Santoro, Emiliano (2010): Optimal Monetary Policy with Durable Consumption Goods and Factor Demand Linkages.
en
oai:mpra.ub.uni-muenchen.de:21651
2019-09-26T14:02:40Z
7374617475733D756E707562
7375626A656374733D45:4533:453331
7375626A656374733D43:4332:433230
7375626A656374733D43:4330:433032
7375626A656374733D45:4532:453233
7375626A656374733D42:4234:423431
7375626A656374733D4E:4E35:4E3536
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/21651/
Producción agrícola e inflación en Buenos Aires tardo-colonial
Amado, Raúl Oscar
E31 - Price Level ; Inflation ; Deflation
C20 - General
C02 - Mathematical Methods
E23 - Production
B41 - Economic Methodology
N56 - Latin America ; Caribbean
In the past 30 years, the historiography of colonial Pampean agriculture showed a radical change. The “Bonaerense Campaign”, which was thought extensively devoted to cattle, was recently named one of the most important grain-producing regions of the Spanish Empire. This new hermeneutics of colonial agriculture differs radically from the descriptions and analysis that made the eighteenth-century writers for whom the agricultural production was in crisis.
One of the main sources for forming this "new vision" of colonial agriculture was the “Diezmos” (Tithe). In this research, we propose first to review the source from another perspective. In considering which were the diezmos as they were intended, we understand much better if they serve or not as a tool for know the reality of the Bonaerense Campaing in the eighteenth-century.
Second, we review the collection of diezmos between 1767 and 1801, only the years that "Administración General de Diezmos" was responsible for their collection. These data are deflated by Consumer Price Index and and compared with wheat prices for the same period. Finally we discuss the technology and labor productivity in the pampas.
Our goal is to determine if there really was a great agricultural production or on the contrary this is an inflationary period that influenced the collection of agricultural taxes.
2010-03-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/21651/1/MPRA_paper_21651.pdf
Amado, Raúl Oscar (2010): Producción agrícola e inflación en Buenos Aires tardo-colonial.
es
oai:mpra.ub.uni-muenchen.de:23221
2019-09-26T15:21:44Z
7374617475733D756E707562
7375626A656374733D43:4331:433133
7375626A656374733D43:4332:433233
7375626A656374733D45:4532:453233
7375626A656374733D50:5032:503237
7375626A656374733D43:4332:433232
7375626A656374733D43:4332:433231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/23221/
Macroeconomic Production Functions for Eastern Europe
Kyn, Oldrich
Kyn, Ludmila
C13 - Estimation: General
C23 - Panel Data Models ; Spatio-temporal Models
E23 - Production
P27 - Performance and Prospects
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C21 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile Regressions
This paper was presented in June 1974 at the Symposium ―On the Measurement of Factor Productivities‖ at the castle Reisensburg in Bavaria, and was published in the book of proceedings from this Symposium. It contains results of several years of research about the economies of six East European countries, namely Czechoslovakia, Poland, Hungary, East Germany, Bulgaria and Rumania. Data on output, capital and labor for 15 – 20 branches of industry and 17 – 20 years were collected for each of the mentioned countries. About 40 different models of production function were estimated using time series, cross-section, and combined time series and cross-section regression analysis. Because the time series regressions were run for each industrial branch in every country and cross-section regressions were run for each year across all branches in every country and almost always 40 different versions of production function were estimated, several thousand regressions were run all together. The results showed that in most cases the production functions had usual form with constant returns to scale and close to unit elasticity of substitution between capital and labor. However the most interesting result was relatively high original but steadily declining growth rate of total factor productivity (technical progress). This indicated that within 10 to 20 future years Eastern Europe would be tremendously lagging behind the West.
1974-06-23
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/23221/1/MPRA_paper_23221.pdf
Kyn, Oldrich and Kyn, Ludmila (1974): Macroeconomic Production Functions for Eastern Europe.
en
oai:mpra.ub.uni-muenchen.de:25092
2019-10-20T04:51:30Z
7374617475733D707562
7375626A656374733D46:4631:463135
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25092/
Romanian specifics within the framework of regional economic cooperation
Grigorescu, Adriana
Bob, Constantin
F15 - Economic Integration
E23 - Production
The various forms of economic cooperation are so many channels for the Romanian economy to connect itself to European and International Economy. That is why, by making use of R&D (Research & Development) cooperation mechanisms, Romania could access - even in times of transition but with the help of its national highly qualified labor force - peak technology sectors.
By developing production capacities in cooperation with companies from the European Union, Romania’s affordable (cheap) labor, natural resources, commercial facilities could be driven to the technology of the third millennium.
Cooperation with regard to marketing and sales is leading to the integration of the Romanian market into the European one, increasing the awareness of market requests and improving negotiation skills.
High technology, new technique, trade under the auspices of international competition are steering the capitalization and management of natural, human, financial and information resources, facilitating both the integration processes and the economic and social development.
2007-09-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25092/1/MPRA_paper_25092.pdf
Grigorescu, Adriana and Bob, Constantin (2007): Romanian specifics within the framework of regional economic cooperation. Published in: Conference proceedings on CD-ROM Edited by Predrag Dašiæ. Krusevac: Institute IMK "14. October" and Trstenik: High Technical Mechanical School No. ISBN 86-83803-22-4 (2007): pp. 411-415.
en
oai:mpra.ub.uni-muenchen.de:25110
2019-09-30T17:16:03Z
7374617475733D707562
7375626A656374733D45:4536:453636
7375626A656374733D45:4532:453233
7375626A656374733D44:4437:443738
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25110/
Industry structure analysis. A case of Romania
Bob, Constantin
Grigorescu, Adriana
E66 - General Outlook and Conditions
E23 - Production
D78 - Positive Analysis of Policy Formulation and Implementation
The last years reflect, in term of macroeconomic development, the continuing advances in market-oriented reforms in the most countries of Central and Eastern Europe. Transition in this economic area includes the restructuring of politic, economic and social systems in accordance with the European Integration Directives and local industry policy, with the movements of the economic environment. Our proposed model tries to define the structure of the basic industry components, the stability degree and the intensity of the measures to be use for restructuring the industrial offer and Romanian regional structure (existing and estimated). This model is design as a link between the Pareto’s model and the Markov’s Chains transitions. The target of industrial policy is to obtain an economic environment that characterizes a stable market economy.
2006-09-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25110/1/MPRA_paper_25110.pdf
Bob, Constantin and Grigorescu, Adriana (2006): Industry structure analysis. A case of Romania. Published in: Conference proceedings No. ISBN 86-83803-21-X (2006)
en
oai:mpra.ub.uni-muenchen.de:26164
2019-09-27T04:21:39Z
7374617475733D707562
7375626A656374733D45:4530
7375626A656374733D4E:4E31:4E3136
7375626A656374733D46:4630:463032
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/26164/
Europa en América: la modernidad y transformación urbana en Buenos Aires. Crítica y defensa.
Amado, Raúl Oscar
E0 - General
N16 - Latin America ; Caribbean
F02 - International Economic Order and Integration
E23 - Production
In this paper we study the state's role in the modernization and urban transformation in Buenos Aires in the period 1850-1910. This transformation was connected with the economic movements of the second half of the nineteenth century. It was a modernizing movement, a radical alteration of the production-trade system, composition and population distribution and transport system.
No "change" only the city of Buenos Aires. Transformed the campaign and its urban centers as the Atlantic orientation of the new state consolidated and eradicated and institutional instability and monetary policy. The "big village" became a big city, not only because the state wanted it that way.
This modernization was not an imitation architecture. It was the economic growth in a time of global crisis which led to the break that caused the admiration of the witnesses of the Centennial, and consolidated national unity could be seen realized the dream of the generation of '37: Enabling Europe in South America.
2010-10-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/26164/1/MPRA_paper_26164.pdf
Amado, Raúl Oscar (2010): Europa en América: la modernidad y transformación urbana en Buenos Aires. Crítica y defensa. Published in: III Jornadas Nacionales de Investigación en Ciencias Sociales. “Reflexiones sobre el Bicentenario” – Facultad de Humanidades y Ciencias Sociales U.N.P.S.J.B. – Sede Comodoro Rivadavia – 13 al 15 de octubre de 2010 (14 October 2010)
es
oai:mpra.ub.uni-muenchen.de:27212
2019-09-29T05:23:39Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/27212/
Productivity growth and catch up in Europe: A new perspective on total factor productivity differences
Filippetti, Andrea
Payrache, Antonio
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
This paper investigates the relative contribution of capital deepening and total factor productivity (TFP) as drivers of labour productivity growth and catch up in Europe. Proxies for technological capabilities (technology gap) are introduced which allow to explain differences in TFP. Using a conditional Malmquist nonparametric approach, we find that capital deepening and TFP respectively account for around 53% and 47% of labour productivity growth respectively. Further, change in technological capabilities explains 71% of change in TFP, making a substantial contribution to catch up. Different patterns arise between industrialized and catching-up countries. Our results support the scope for innovation policy, technology diffusion and education policy to explain growth and convergence in labour productivity across Europe.
2010-12-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/27212/1/MPRA_paper_27212.pdf
Filippetti, Andrea and Payrache, Antonio (2010): Productivity growth and catch up in Europe: A new perspective on total factor productivity differences.
en
oai:mpra.ub.uni-muenchen.de:27235
2019-09-28T06:53:47Z
7374617475733D707562
7375626A656374733D43:4335:433531
7375626A656374733D43:4335:433532
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7375626A656374733D45:4533:453337
7375626A656374733D45:4532:453230
7375626A656374733D43:4330:433031
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/27235/
Investments model development with the system dynamic method
Skribans, Valerijs
C51 - Model Construction and Estimation
C52 - Model Evaluation, Validation, and Selection
C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access
E22 - Investment ; Capital ; Intangible Capital ; Capacity
C70 - General
E21 - Consumption ; Saving ; Wealth
C53 - Forecasting and Prediction Methods ; Simulation Methods
E27 - Forecasting and Simulation: Models and Applications
E30 - General
C50 - General
E23 - Production
E00 - General
E37 - Forecasting and Simulation: Models and Applications
E20 - General
C01 - Econometrics
In the paper model of macroeconomic turnover and its possibilities for investments modelling are shown.
The model consists from four blocks: in the first the theoretical model is described. In the second the model is reflected in accordance with the requirements of system dynamics method, there are shown included influences intercommunications and equalizations. The third block examines demand and supply model for capital and investments. Fourth part complements previous parts, describes additional indexes.
The method is offered for using both in forecasting and in teaching.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/27235/1/MPRA_paper_27235.pdf
Skribans, Valerijs (2010): Investments model development with the system dynamic method. Published in: Social Research, Economics and Management: Current Issues and Perspectives , Vol. 2 (18), (2010): pp. 104-114.
en
oai:mpra.ub.uni-muenchen.de:29313
2019-10-06T04:43:00Z
7374617475733D707562
7375626A656374733D46:4631:463136
7375626A656374733D45:4532:453232
7375626A656374733D4F:4F31:4F3139
7375626A656374733D45:4532:453231
7375626A656374733D46:4634:463433
7375626A656374733D46:4631:463135
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7375626A656374733D46:4634:463430
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453237
7375626A656374733D45:4531:453137
7375626A656374733D4F:4F31:4F3136
7375626A656374733D46:4632:463231
7375626A656374733D46:4632:463232
7375626A656374733D45:4533:453331
7375626A656374733D45:4535:453531
7375626A656374733D4F:4F31:4F3135
7375626A656374733D46:4631:463134
7375626A656374733D46:4634:463437
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4335:433533
7375626A656374733D46:4632:463230
7375626A656374733D43:4335:433530
7375626A656374733D46:4631:463137
7375626A656374733D45:4532:453233
7375626A656374733D4A:4A36:4A3631
7375626A656374733D45:4530:453030
7375626A656374733D46:4634:463431
7375626A656374733D45:4533:453337
7375626A656374733D45:4532:453230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/29313/
Latvijas iestāšanās Eiropas Savienībā ekonomiskā efekta novērtēšana
Skribans, Valerijs
F16 - Trade and Labor Market Interactions
E22 - Investment ; Capital ; Intangible Capital ; Capacity
O19 - International Linkages to Development ; Role of International Organizations
E21 - Consumption ; Saving ; Wealth
F43 - Economic Growth of Open Economies
F15 - Economic Integration
F00 - General
F40 - General
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E27 - Forecasting and Simulation: Models and Applications
E17 - Forecasting and Simulation: Models and Applications
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
F21 - International Investment ; Long-Term Capital Movements
F22 - International Migration
E31 - Price Level ; Inflation ; Deflation
E51 - Money Supply ; Credit ; Money Multipliers
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
F14 - Empirical Studies of Trade
F47 - Forecasting and Simulation: Models and Applications
O11 - Macroeconomic Analyses of Economic Development
C53 - Forecasting and Prediction Methods ; Simulation Methods
F20 - General
C50 - General
F17 - Trade Forecasting and Simulation
E23 - Production
J61 - Geographic Labor Mobility ; Immigrant Workers
E00 - General
F41 - Open Economy Macroeconomics
E37 - Forecasting and Simulation: Models and Applications
E20 - General
For Latvia with incoming into the European Union big opportunities in the international markets have opened. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In paper various indicators of a national economy before and after incoming into EU are compared.
In paper it is defined that joining to EU has increased for Latvia net grants from EU budget. But grants still do not promote development of economy of Latvia, but more stimulate development of internal demand.
For demand gain satisfaction, in the conditions of poorly developed internal producing, from abroad the various goods are imported into Latvia, negative difference of export and import is increase.
Also inflow of the capital to Latvia after incoming into EU is not used for positive changes in internal economy, and directed to the branches related with finance movings. Actually the industries have not felt essential inflow of the capital. After incoming into EU Latvia has started to export labour force. As a result of migration of labour in Latvia the rate of unemployment has decreased, the wages are grown, expenses on a labour that has grown, that reduced an export potential of internal products.
EU grants, capital inflow, gain of wages has caused an inflation gain in Latvia. Considering that together with inflation purchasing capacity of inhabitants has grown, it is possible to draw a conclusion that the population well-being has grown.
These processes mainly have short-term character. Migration will decrease, considering a gain of wages or because of reduction of labour resources; inflow of the speculative capital will stop because of insufficiency of reliable pledges. It is possible to assert that they will stop, when the standard of living in EU and Latvia will be approximately identical, i.e. in the end of cohesion process in EU.
Most stabile is relation of grants and import. Grants are provided to reduce dependence of the state on import but on the contrary, grants increase import volume. Latvia still cannot find the specialisation in EU and in the global markets. Therefore it became dependent on grants of EU and on international help. Definition of specialisation and an effective using of grants could change situation and promote economy development in Latvia.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/29313/1/MPRA_paper_29313.pdf
Skribans, Valerijs (2010): Latvijas iestāšanās Eiropas Savienībā ekonomiskā efekta novērtēšana. Published in: RTU zinātniskie raksti , Vol. 20, No. 3: Ekonomika un uzņēmējdarbiba (2010): pp. 108-116.
lv
oai:mpra.ub.uni-muenchen.de:29648
2019-09-26T08:35:39Z
7374617475733D756E707562
7375626A656374733D43:4332:433230
7375626A656374733D45:4532:453233
7375626A656374733D43:4333:433330
7375626A656374733D45:4536:453630
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/29648/
Unit-root and stationarity testing with empirical application on industrial production of CEE-4 countries
Lyócsa, Štefan
Výrost, Tomáš
Baumöhl, Eduard
C20 - General
E23 - Production
C30 - General
E60 - General
The purpose of this paper is to explain both the need and the procedures of unit-root testing to a wider audience. The topic of stationarity testing in general and unit root testing in particular is one that covers a vast amount of research. We have been discussing the problem in four different settings. First we investigate the nature of the problem that motivated the study of unit-root processes. Second we present a short list of several traditional as well as more recent univariate and panel data tests. Third we give a brief overview of the economic theories, in which the testing of the underlying research hypothesis can be expressed in a form of a unit-root / stationary test like the issues of purchasing power parity, economic bubbles, industry dynamic, economic convergence and unemployment hysteresis can be formulated in a form equivalent to the testing of a unit root within a particular series. The last, fourth aspect is dedicated to an empirical application of testing for the non-stationarity in industrial production of CEE-4 countries using a simulation based unit-root testing methodology.
2011-03-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/29648/1/MPRA_paper_29648.pdf
Lyócsa, Štefan and Výrost, Tomáš and Baumöhl, Eduard (2011): Unit-root and stationarity testing with empirical application on industrial production of CEE-4 countries.
en
oai:mpra.ub.uni-muenchen.de:30026
2019-10-01T06:48:11Z
7374617475733D756E707562
7375626A656374733D43:4333:433332
7375626A656374733D45:4533:453332
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/30026/
Revisiting Okun's law for Mexico: an analysis of the permanent and transitory components of unemployment and output
Islas-Camargo, Alejandro
Cortez, Willy W.
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
E32 - Business Fluctuations ; Cycles
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E23 - Production
Unlike usual estimation techniques, we follow Clark (1989) to estimate the correlation between the transitory components of unemployment and output as part of a system of correlations between the permanent and transitory components of both series. This model provides better estimate of the Okun’s Law and it takes into account the correlations that arise between the permanent and transitory components of unemployment and output within each series and across series. We find that the Okun’s coefficient for Mexican economy is significantly lower than previous estimates.
2011-03-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/30026/1/MPRA_paper_30026.pdf
Islas-Camargo, Alejandro and Cortez, Willy W. (2011): Revisiting Okun's law for Mexico: an analysis of the permanent and transitory components of unemployment and output.
en
oai:mpra.ub.uni-muenchen.de:32522
2019-09-27T01:10:10Z
7374617475733D707562
7375626A656374733D46:4631:463136
7375626A656374733D45:4532:453232
7375626A656374733D4F:4F31:4F3139
7375626A656374733D45:4532:453231
7375626A656374733D46:4634:463433
7375626A656374733D46:4631:463135
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7375626A656374733D4F:4F31:4F3135
7375626A656374733D46:4631:463134
7375626A656374733D46:4634:463437
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4335:433533
7375626A656374733D46:4632:463230
7375626A656374733D43:4335:433530
7375626A656374733D46:4631:463137
7375626A656374733D45:4532:453233
7375626A656374733D4A:4A36:4A3631
7375626A656374733D45:4530:453030
7375626A656374733D46:4634:463431
7375626A656374733D45:4533:453337
7375626A656374733D45:4532:453230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32522/
Latvia’s incoming in European Union economic effect estimation
Skribans, Valerijs
F16 - Trade and Labor Market Interactions
E22 - Investment ; Capital ; Intangible Capital ; Capacity
O19 - International Linkages to Development ; Role of International Organizations
E21 - Consumption ; Saving ; Wealth
F43 - Economic Growth of Open Economies
F15 - Economic Integration
F00 - General
F40 - General
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E27 - Forecasting and Simulation: Models and Applications
E17 - Forecasting and Simulation: Models and Applications
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
F21 - International Investment ; Long-Term Capital Movements
F22 - International Migration
E31 - Price Level ; Inflation ; Deflation
E51 - Money Supply ; Credit ; Money Multipliers
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
F14 - Empirical Studies of Trade
F47 - Forecasting and Simulation: Models and Applications
O11 - Macroeconomic Analyses of Economic Development
C53 - Forecasting and Prediction Methods ; Simulation Methods
F20 - General
C50 - General
F17 - Trade Forecasting and Simulation
E23 - Production
J61 - Geographic Labor Mobility ; Immigrant Workers
E00 - General
F41 - Open Economy Macroeconomics
E37 - Forecasting and Simulation: Models and Applications
E20 - General
Joining the European Union big opportunities in the international markets have opened for Latvia.
Paper purpose is to investigate influence of international integration processes on development of
economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are compeered.
Latvia's incoming in EU increased the amount of received means from structural and cohesion
funds, removed the trading barriers, increases foreign investments, reduced unemployment, increased labor
migration, and increased prices and population purchasing power.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32522/1/MPRA_paper_32522.pdf
Skribans, Valerijs (2010): Latvia’s incoming in European Union economic effect estimation. Published in: BUSINESS, MANAGEMENT AND EDUCATION 2010 No. Contemporary Regional Issues Conference Proceedings (2010)
en
oai:mpra.ub.uni-muenchen.de:32696
2019-09-27T17:00:47Z
7374617475733D756E707562
7375626A656374733D45:4536:453632
7375626A656374733D44:4438:443831
7375626A656374733D45:4533:453332
7375626A656374733D43:4332:433233
7375626A656374733D45:4532:453233
7375626A656374733D45:4534:453434
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32696/
Panel data evidence on non-Keynesian efects of fiscal policy in the EU New Member
Borys, Paweł
Ciżkowicz, Piotr
Rzońca, Andrzej
E62 - Fiscal Policy
D81 - Criteria for Decision-Making under Risk and Uncertainty
E32 - Business Fluctuations ; Cycles
C23 - Panel Data Models ; Spatio-temporal Models
E23 - Production
E44 - Financial Markets and the Macroeconomy
There is growing evidence that fiscal consolidation may contribute to economic growth even in the short term. In this paper we review recent research on such non-Keynesian fiscal policy effects and apply panel data econometric techniques to examine the consequences of fiscal consolidation in the EU New Member States. We extend the analysis to test potential channels through which non-Keynesian effects may operate. The results confirm that composition of the consolidation determines the output response. Moreover, we find evidence that all types of fiscal consolidations stimulate private investments, while export acceleration is observed only when consolidations involve mostly expenditure curtailment. Private consumption reaction to fiscal policy shows signs of nonlinearity - in the case of minor adjustments Keynesian effects dominate, but they are cancelled out when sizable consolidations are considered.
2011-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32696/1/MPRA_paper_32696.pdf
Borys, Paweł and Ciżkowicz, Piotr and Rzońca, Andrzej (2011): Panel data evidence on non-Keynesian efects of fiscal policy in the EU New Member.
en
oai:mpra.ub.uni-muenchen.de:32895
2019-09-27T04:36:09Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453231
7375626A656374733D45:4531:453130
7375626A656374733D45:4534:453430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32895/
Squaring the investment cycle
Kakarot-Handtke, Egmont
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E21 - Consumption ; Saving ; Wealth
E10 - General
E40 - General
The present paper replaces the standard behavioral axioms by structural axioms and applies these to the analysis of the accumulation and decumulation of capital. This yields a coherent view of the interrelations of real and nominal
saving–investment, of profit–loss, of money–credit, and of internal–external financing. The main result is that asymmetric growth is indispensable for the viability of the market system.
2011-08-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32895/1/MPRA_paper_32895.pdf
Kakarot-Handtke, Egmont (2011): Squaring the investment cycle.
en
oai:mpra.ub.uni-muenchen.de:32904
2019-10-03T22:15:05Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453231
7375626A656374733D45:4531:453130
7375626A656374733D45:4534:453430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32904/
Squaring the investment cycle
Kakarot-Handtke, Egmont
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E21 - Consumption ; Saving ; Wealth
E10 - General
E40 - General
The present paper replaces the standard behavioral axioms by structural axioms and applies these to the analysis of the accumulation and decumulation of capital. This yields a coherent view of the interrelations of real and nominal
saving–investment, of profit–loss, of money–credit, and of internal–external financing. The main result is that asymmetric growth is indispensable for the viability of the market system.
2011-08-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32904/1/MPRA_paper_32904.pdf
Kakarot-Handtke, Egmont (2011): Squaring the investment cycle.
en
oai:mpra.ub.uni-muenchen.de:33133
2019-09-26T17:09:12Z
7374617475733D756E707562
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453233
7375626A656374733D44:4432:443234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33133/
Increasing returns and stability
Kakarot-Handtke, Egmont
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E23 - Production
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
Increasing returns are an incontrovertible fact since Adam Smith hailed them as the very originators of wealth, yet they play havoc with general equilibrium. They fit, in marked contrast, nicely into the structural axiomatic framework. This indicates that it is worthwhile to replace the behavioral axioms of standard economics by objective structural axioms. These are in the present paper
applied to the question of how increasing returns affect the systemic interrelations in the pure consumption economy. To invite a reality check the logical implications of the structural employment equation are set in relation to three well-known statistical relationships.
2011-09-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33133/1/MPRA_paper_33133.pdf
Kakarot-Handtke, Egmont (2011): Increasing returns and stability.
en
oai:mpra.ub.uni-muenchen.de:33442
2019-09-27T05:36:23Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453231
7375626A656374733D45:4531:453130
7375626A656374733D45:4534:453430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33442/
Squaring the investment cycle
Kakarot-Handtke, Egmont
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E21 - Consumption ; Saving ; Wealth
E10 - General
E40 - General
The present paper replaces the standard behavioral axioms by structural axioms and applies these to the analysis of the accumulation and decumulation of capital. This yields a coherent view of the interrelations of real and nominal
saving–investment, of profit–loss, of money–credit, and of internal–external financing. The main result is that asymmetric growth is indispensable for the viability of the market system.
2011-08-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33442/1/MPRA_paper_33442.pdf
Kakarot-Handtke, Egmont (2011): Squaring the investment cycle.
en
oai:mpra.ub.uni-muenchen.de:33663
2019-09-28T20:18:47Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33663/
Estimating the output gap for the Maltese economy
Grech, Aaron George
E32 - Business Fluctuations ; Cycles
E23 - Production
An attempt is made in this paper to arrive at an estimate of the output gap for the Maltese economy on a quarterly and annual basis. Two approaches are adopted, namely the Hodrick-Prescott filter and the aggregate production function method, with their results being benchmarked with the results of two other studies. The methods adopted in this paper indicate that the Maltese economy passed through three separate business cycles during the last three decades, with the size of the fluctuations moderating over time. Potential output growth is estimated to have declined significantly during the nineties, as factors of production are growing by a smaller margin. This indicates the importance of carrying out structural reforms that would boost productivity growth.
2004-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33663/1/MPRA_paper_33663.pdf
Grech, Aaron George (2004): Estimating the output gap for the Maltese economy.
en
oai:mpra.ub.uni-muenchen.de:33829
2019-09-26T21:08:08Z
7374617475733D756E707562
7375626A656374733D44:4435:443530
7375626A656374733D41:4132:413230
7375626A656374733D46:4631:463131
7375626A656374733D45:4532:453233
7375626A656374733D46:4632:463231
7375626A656374733D45:4530:453030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33829/
Market-dependent production set
Egbert, Henrik
Naqvi, Nadeem
D50 - General
A20 - General
F11 - Neoclassical Models of Trade
E23 - Production
F21 - International Investment ; Long-Term Capital Movements
E00 - General
A country’s production possibility frontier or PPF is defined as the boundary of its economy’s production set in the net output space for a given technology and fixed quantities of primary factors of production. In general equilibrium theory, exogenous changes in technology or primary-factor supplies alter equilibrium prices; however, government-policy induced domestic relative commodity price changes do not alter the shape of an economy’s production set. We show that, under international capital mobility, which is empirically significant, the shape of a country’s production set does, in fact, depend on market forces and this shape can be manipulated by government policy.
2011-10-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33829/1/MPRA_paper_33829.pdf
Egbert, Henrik and Naqvi, Nadeem (2011): Market-dependent production set.
en
oai:mpra.ub.uni-muenchen.de:34565
2019-09-27T15:58:10Z
7374617475733D707562
7375626A656374733D46:4631:463136
7375626A656374733D45:4532:453232
7375626A656374733D4F:4F31:4F3139
7375626A656374733D45:4532:453231
7375626A656374733D46:4634:463433
7375626A656374733D46:4631:463135
7375626A656374733D46:4630:463030
7375626A656374733D46:4634:463430
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453237
7375626A656374733D45:4531:453137
7375626A656374733D4F:4F31:4F3136
7375626A656374733D46:4632:463231
7375626A656374733D46:4632:463232
7375626A656374733D45:4533:453331
7375626A656374733D45:4535:453531
7375626A656374733D4F:4F31:4F3135
7375626A656374733D46:4631:463134
7375626A656374733D46:4634:463437
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4335:433533
7375626A656374733D46:4632:463230
7375626A656374733D43:4335:433530
7375626A656374733D46:4631:463137
7375626A656374733D45:4532:453233
7375626A656374733D4A:4A36:4A3631
7375626A656374733D45:4530:453030
7375626A656374733D46:4634:463431
7375626A656374733D45:4533:453337
7375626A656374733D45:4532:453230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/34565/
Development of System Dynamic Model of Latvia’s Economic Integration in the EU
Skribans, Valerijs
F16 - Trade and Labor Market Interactions
E22 - Investment ; Capital ; Intangible Capital ; Capacity
O19 - International Linkages to Development ; Role of International Organizations
E21 - Consumption ; Saving ; Wealth
F43 - Economic Growth of Open Economies
F15 - Economic Integration
F00 - General
F40 - General
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E27 - Forecasting and Simulation: Models and Applications
E17 - Forecasting and Simulation: Models and Applications
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
F21 - International Investment ; Long-Term Capital Movements
F22 - International Migration
E31 - Price Level ; Inflation ; Deflation
E51 - Money Supply ; Credit ; Money Multipliers
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
F14 - Empirical Studies of Trade
F47 - Forecasting and Simulation: Models and Applications
O11 - Macroeconomic Analyses of Economic Development
C53 - Forecasting and Prediction Methods ; Simulation Methods
F20 - General
C50 - General
F17 - Trade Forecasting and Simulation
E23 - Production
J61 - Geographic Labor Mobility ; Immigrant Workers
E00 - General
F41 - Open Economy Macroeconomics
E37 - Forecasting and Simulation: Models and Applications
E20 - General
Joining the European Union big opportunities in the international markets have opened
for Latvia. Paper purpose is to investigate influence of international integration
processes on development of economy of Latvia. Latvia's incoming in EU increased the
amount of received means from structural and cohesion funds, removed the trading
barriers, increases foreign investments, reduced unemployment and increased labor
migration. In the paper the system dynamics model, which describes integration of the
Latvian economy into EU, is developed. In the model international financial flows
connected with Latvia and EU; import, its relation to internal producing; and migration
processes are considered. Model functioning is measured considering various scenarios
of situation development. The developed model can be used not only in the analysis of
Latvia’s economic integration in the EU, but on its basis it is possible to create models
of regional cohesion in Europe.
2011
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/34565/1/MPRA_paper_34565.pdf
Skribans, Valerijs (2011): Development of System Dynamic Model of Latvia’s Economic Integration in the EU. Published in: Proceedings of the 29th International Conference of the System Dynamics Society (2011): pp. 1-16.
en
oai:mpra.ub.uni-muenchen.de:35335
2019-09-29T13:48:14Z
7374617475733D756E707562
7375626A656374733D44:4432:443231
7375626A656374733D44:4432
7375626A656374733D43:4337:433738
7375626A656374733D43:4337:433731
7375626A656374733D45:4532:453233
7375626A656374733D43:4337
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/35335/
Balancing pairs of interfering elements
Carfì, David
Gambarelli, Gianfranco
Uristani, Angelo
D21 - Firm Behavior: Theory
D2 - Production and Organizations
C78 - Bargaining Theory ; Matching Theory
C71 - Cooperative Games
E23 - Production
C7 - Game Theory and Bargaining Theory
Many decisions in different fields of application have to take into account the joined effects of two elements that can interfere with each other. For example, in Industrial Economics the demand of an asset can be influenced by the supply of another asset, with synergic or antagonistic effects. The same happens in Public Economics, where two differing economic policies can create mutual interference. Analogously in Medicine and Life Sciences with drugs whose combined administration can produce extra damages or synergies. Other examples occur in Agriculture, Zootechnics and so on. When it is necessary to intervene in such elements, there is sometimes a primary interest for one effect rather than another. For example, if the importance of the effect of an element is ten times greater than the importance of the effect of another, then it is convenient to take this importance into consideration in deciding to what extent it should be employed. With this in mind, the model proposed here allows the optimal quantities of two elements that interfere with each other to be calculated, taking into account the minimum quantities to be allocated. Algorithms for determining solutions for continuous effects' functions are given, together with software specifically for the case of bilinear functions. It concludes with the presentation of applications particularly to economical problems.
2011
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/35335/1/MPRA_paper_35335.pdf
Carfì, David and Gambarelli, Gianfranco and Uristani, Angelo (2011): Balancing pairs of interfering elements.
en
oai:mpra.ub.uni-muenchen.de:35981
2019-10-04T16:56:31Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D45:4531:453132
7375626A656374733D45:4532:453234
7375626A656374733D43:4330:433032
7375626A656374733D45:4532:453233
7375626A656374733D45:4531:453131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/35981/
The Regional Benefits of the Employer of Last Resort Program
Murray, Michael/ M J
B51 - Socialist ; Marxian ; Sraffian
E12 - Keynes ; Keynesian ; Post-Keynesian
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
C02 - Mathematical Methods
E23 - Production
E11 - Marxian ; Sraffian ; Kaleckian
The Employer of Last Resort (ELR) program is a New Deal type of program to provide a government position for anyone seeking work. Unlike private industries who compete over prices and wages, the ELR “industry” is not meant to compete with the private sector; rather it provides public services that are not offered by the private sector. The task here is to estimate the private sector effects of the implementation of the ELR program for the State of Missouri.
2012-01-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/35981/1/MPRA_paper_35981.pdf
Murray, Michael/ M J (2012): The Regional Benefits of the Employer of Last Resort Program.
en
oai:mpra.ub.uni-muenchen.de:37318
2019-10-01T01:51:08Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D48:4834:483431
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/37318/
Political uncertainty in a data-rich environment
Scheffel, Eric Michael
E22 - Investment ; Capital ; Intangible Capital ; Capacity
H41 - Public Goods
E23 - Production
E21 - Consumption ; Saving ; Wealth
We asses the general robustness of previous findings claiming that policy uncertainty exerts non-trivial influences on the US economy. Measuring the dynamic effects from a shock to policy uncertainty within a FAVAR model permits gauging the response of many more variables to
policy uncertainty than is possible in a simple VAR model. Our results summarized by impulse responses are all corrected for small sample bias using a bootstrap-after-bootstrap method. Our findings support the view of policy uncertainty exerting a statistically significant influence on the economy, which is however not always as economically significant for a number of variables
as found in previous studies.
2012-03-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/37318/1/MPRA_paper_37318.pdf
Scheffel, Eric Michael (2012): Political uncertainty in a data-rich environment.
en
oai:mpra.ub.uni-muenchen.de:37353
2019-09-29T22:14:55Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D48:4834:483431
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/37353/
Political uncertainty in a data-rich environment
Scheffel, Eric Michael
E22 - Investment ; Capital ; Intangible Capital ; Capacity
H41 - Public Goods
E23 - Production
E21 - Consumption ; Saving ; Wealth
We asses the general robustness of previous findings claiming that policy uncertainty exerts non-trivial influences on the US economy. Measuring the dynamic effects from a shock to policy uncertainty within a FAVAR model permits gauging the response of many more variables to
policy uncertainty than is possible in a simple VAR model. Our results summarized by impulse responses are all corrected for small sample bias using a bootstrap-after-bootstrap method. Our findings support the view of policy uncertainty exerting a statistically significant influence on the economy, which is however not always as economically significant for a number of variables
as found in previous studies.
2012-03-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/37353/1/MPRA_paper_37353.pdf
Scheffel, Eric Michael (2012): Political uncertainty in a data-rich environment.
en
oai:mpra.ub.uni-muenchen.de:38222
2019-09-28T22:40:40Z
7374617475733D707562
7375626A656374733D49:4932:493230
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/38222/
Formation professionnelle et croissance économique Quelles interactions dans les cas du Maroc et la Tunisie ?
Bouoiyour, Jamal
Hanchane, Said
I20 - General
E23 - Production
We use the Solow augmented model to quantify the long-term determinants of growth in Morocco and Tunisia.
In the Tunisian case, these later are the capital in the broad sense (physical and human), the growth of the population and the lagged GDP (what confirms the occurrence of the catching-up phenomenon). In Morocco, we find the same variables except the capital (in the broad sense) which is not always significant. If at the level of the general training Tunisia is more successful than Morocco, at the level of the professional training Morocco is better than Tunisia.
2008-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/38222/1/MPRA_paper_38222.pdf
Bouoiyour, Jamal and Hanchane, Said (2008): Formation professionnelle et croissance économique Quelles interactions dans les cas du Maroc et la Tunisie ? Published in: FEMISE - European commission (August 2008): pp. 106-128.
fr
oai:mpra.ub.uni-muenchen.de:38403
2019-10-07T19:20:46Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F34:4F3430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/38403/
Categorized production function: a note
dai, feng
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
O40 - General
On the basis of the current production function, this paper categorizes the industries in an economy into the traditional and emerging industries, builds a categorized production function (CPF) and defines the innovation efficiency. We can repeat all the researches about original production function by the categorized production function, and will get many different results.
2012-04-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/38403/3/MPRA_paper_38403.pdf
dai, feng (2012): Categorized production function: a note.
en
oai:mpra.ub.uni-muenchen.de:39973
2019-10-05T16:51:03Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3437
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/39973/
On the measurement of technological progress across countries
Growiec, Jakub
O11 - Macroeconomic Analyses of Economic Development
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
The article considers 22 alternative empirical measures of country-level "technological progress", computed for 19 highly developed OECD countries over the period 1970–2000 based on (i) the neoclassical growth accounting approach that adopts the Cobb–Douglas production function specification, (ii) a nonparametric approach where the World Technology Frontier (WTF) is constructed with Data Envelopment Analysis, and (iii) a "hybrid" approach that combines the two. Measures of TFP growth (capturing all output gains actually obtained in a given country that cannot be traced back to factor accumulation) are carefully distinguished from measures of technical change (capturing only technological progress shifting the WTF). Empirical properties of all 22 measures are compared according to a range of characteristics frequently discussed in the macroeconomic literature. The conclusion is that the choice of appropriate measurement methodology should be suited to the question addressed in each specific study, the simple growth accounting approach is generally insufficient, and particular attention should be paid to the empirical treatment of technical efficiency changes. The results are also sensitive to the precision of WTF estimation.
2009-12-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/39973/2/MPRA_paper_39973.pdf
Growiec, Jakub (2009): On the measurement of technological progress across countries.
en
oai:mpra.ub.uni-muenchen.de:41108
2019-10-05T12:37:30Z
7374617475733D707562
7375626A656374733D4F:4F32:4F3233
7375626A656374733D4F:4F32:4F3235
7375626A656374733D4F:4F32:4F3231
7375626A656374733D45:4536:453630
7375626A656374733D4C:4C33:4C3332
7375626A656374733D4F:4F31:4F3131
7375626A656374733D45:4536:453636
7375626A656374733D4C:4C33:4C3338
7375626A656374733D45:4535:453532
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F35:4F3532
7375626A656374733D4C:4C33:4C3333
7375626A656374733D4C:4C35:4C3533
7375626A656374733D45:4534:453431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/41108/
О мере и формах государственного участия
Daskovskiy, Vadim
Kiselyov, Vladimir
O23 - Fiscal and Monetary Policy in Development
O25 - Industrial Policy
O21 - Planning Models ; Planning Policy
E60 - General
L32 - Public Enterprises ; Public-Private Enterprises
O11 - Macroeconomic Analyses of Economic Development
E66 - General Outlook and Conditions
L38 - Public Policy
E52 - Monetary Policy
E23 - Production
O52 - Europe
L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out
L53 - Enterprise Policy
E41 - Demand for Money
Analysis of the economic activity in the pre-crisis period of 2000-2008. shows a steady decrease in the efficiency of actual production in Russia. Many businesses come to a threshold of bankruptcy: the profitability and financial strength are low, their products are not competitive, sources of development, they have not.
The crisis has shown wrong economic policy, based solely on faith in the market.
Russia needs a new model of social and economic development, adequate to innovative modernization.
The question comes down to what should be the involvement of the state in the economy. Proponents of the market deny such participation. However, the anti-crisis measures in all countries, based on the state regulation of the process of pulling the economy out of crisis. The market itself is powerless to do so. Leaders and the public developed countries and Russia have come to believe that the participation of the state in regulating the economy is necessary, and the only question is the extent and forms of participation.
2011-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/41108/1/MPRA_paper_41108.pdf
Daskovskiy, Vadim and Kiselyov, Vladimir (2011): О мере и формах государственного участия. Published in: Экономист (The Economist (Russian) No. No.8 (August 2011): pp. 27-50.
ru
oai:mpra.ub.uni-muenchen.de:42987
2019-10-01T04:58:38Z
7374617475733D707562
7375626A656374733D48:4835:483530
7375626A656374733D43:4338:433838
7375626A656374733D41:4133:413331
7375626A656374733D4C:4C31:4C3139
7375626A656374733D44:4434:443430
7375626A656374733D43:4339:433933
7375626A656374733D46:4631:463135
7375626A656374733D4D:4D31:4D3134
7375626A656374733D44:4437:443731
7375626A656374733D4A:4A36:4A3632
7375626A656374733D42:4235:423532
7375626A656374733D4C:4C32:4C3233
7375626A656374733D4C:4C38:4C3836
7375626A656374733D4C:4C33:4C3333
7375626A656374733D4A:4A35:4A3530
7375626A656374733D48:4831:483139
7375626A656374733D4C:4C38:4C3832
7375626A656374733D46:4632:463233
7375626A656374733D4A:4A38:4A3831
7375626A656374733D4F:4F31:4F3135
7375626A656374733D44:4430:443032
7375626A656374733D5A:5A31:5A3130
7375626A656374733D50:5033:503331
7375626A656374733D44:4432:443233
7375626A656374733D41:4131:413133
7375626A656374733D45:4532:453233
7375626A656374733D44:4438:443833
7375626A656374733D4C:4C35:4C3533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/42987/
Jurnalistii si factorul politic in anul 2004
Branea, Silvia
Marinescu, Valentina
H50 - General
C88 - Other Computer Software
A31 - Collected Writings of Individuals
L19 - Other
D40 - General
C93 - Field Experiments
F15 - Economic Integration
M14 - Corporate Culture ; Diversity ; Social Responsibility
D71 - Social Choice ; Clubs ; Committees ; Associations
J62 - Job, Occupational, and Intergenerational Mobility
B52 - Institutional ; Evolutionary
L23 - Organization of Production
L86 - Information and Internet Services ; Computer Software
L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out
J50 - General
H19 - Other
L82 - Entertainment ; Media
F23 - Multinational Firms ; International Business
J81 - Working Conditions
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
D02 - Institutions: Design, Formation, Operations, and Impact
Z10 - General
P31 - Socialist Enterprises and Their Transitions
D23 - Organizational Behavior ; Transaction Costs ; Property Rights
A13 - Relation of Economics to Social Values
E23 - Production
D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
L53 - Enterprise Policy
This study attempts to identify some characteristics of the relationship between journalists and politicians. The methodology of the research is based on the analysis of responses to interviews in depth applied to a sample of 50 print and audiovisual journalists from Bucharest, Suceava, Pitesti, Galati and Zalau. The central points of interest have focused on tracking the degree of the journalists'independence from the political and consequently economic factors. The results of the analysis found that often political interference in editorial media agenda materialized through print and audiovisual media owners. One of the ways used by the political parties in influencing journalists consist in the providing of economic benefits as state advertising to obedient publications. Precariousness of the professional organizations and associations of journalists from Romania explains in some degree the problems revealed by journalists interviewed.
2005-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/42987/1/MPRA_paper_42987.pdf
Branea, Silvia and Marinescu, Valentina (2005): Jurnalistii si factorul politic in anul 2004. Published in: Romanian Journal of Journalism and Communication No. Summer 2005 (2005): pp. 49-56.
ro
oai:mpra.ub.uni-muenchen.de:48132
2019-09-29T12:39:14Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48132/
Estimaciones alternativas del PIB potencial en la República Dominicana
Cruz Rodriguez, Alexis
Francos Rodriguez, Martin
E32 - Business Fluctuations ; Cycles
E23 - Production
In this paper we apply different methods to calculate the potential output of the Dominican Republic. The estimates were made using two data sets. First, we use a quarterly data set covering the period 1980-2006 and then an annual data set for the period 1950-2006 is used. The results of the estimates for each method are compared based on growth rates and generate correlations between them. Growth rates are similar and found a high correlation between the different methods used. For the period 1950-2006 the country's potential output was around 4.8%, while for the period 1980-2006 it was around 4.0%. Additionally, these results allow for calculation the gap between actual and potential output.
2008-02-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48132/1/MPRA_paper_15614.pdf
Cruz Rodriguez, Alexis and Francos Rodriguez, Martin (2008): Estimaciones alternativas del PIB potencial en la República Dominicana.
es
oai:mpra.ub.uni-muenchen.de:48615
2019-10-03T08:25:14Z
7374617475733D756E707562
7375626A656374733D43:4333:433332
7375626A656374733D45:4532:453233
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48615/
What explains the recent fluctuations in Japan's output? A structural factor analysis of Japan's industrial production
Muto, Ichiro
Kumano, Yusuke
Nakano, Akihiro
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
E23 - Production
E32 - Business Fluctuations ; Cycles
Since the mid-2000s, Japan's industrial production (IP) has been characterized by increasing volatility. To examine the background to this, we apply the structural factor analysis developed by Foerster, Sarte, and Watson (2011) and decompose variations in Japan's IP into aggregate and sectoral shocks taking input-output relationships between sectors into account. We find that aggregate shocks explain most of the fluctuations in Japan's IP and are highly correlated with variations in overseas economic growth, especially since the early 2000s. However, we find a large increase in the relative importance of sectoral shocks when focusing on the more recent increase in the volatility of IP. Specifically, our analysis suggests that the intersectoral spillovers brought about by the disruptions of supply chain network in the wake of Great East Japan Earthquake and the declines of domestic production (or production capacity) in some sectors as a result of a deterioration in global competitiveness or the shift to overseas production have contributed to the recent fluctuations of Japan's IP.
2013-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48615/1/MPRA_paper_48615.pdf
Muto, Ichiro and Kumano, Yusuke and Nakano, Akihiro (2013): What explains the recent fluctuations in Japan's output? A structural factor analysis of Japan's industrial production.
en
oai:mpra.ub.uni-muenchen.de:48767
2019-09-26T09:35:21Z
7374617475733D707562
7375626A656374733D45:4532
7375626A656374733D45:4532:453233
7375626A656374733D4C:4C37:4C3734
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48767/
CONQUAS Systems Standard for High Quality Project Management
Kamath, Amit
Jayaraman, R
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E23 - Production
L74 - Construction
In spite of the proliferation of the activity, construction management is not a much studied or systematized subject. There are still only pockets of excellence in a sea of seat-of-the-pant and ad-hoc working. Most second level construction firms do not have systematic recording, documenting, planning and quality control procedures. While the tier-1 firms have evolved and practice sophisticated systems based on advances in civil engineering and project management, the others are not yet ready to embrace modern practices. The BCA (Buildings Construction Authority) Singapore made efforts to bring some order into the entropy. They codified a simple construction management process which could be easy to adopt by the second and third tier construction companies too. This system is named as CONQUAS, which has been in vogue since the late eighties. Beginning with Singapore, it has spread to the rest of Asia. Larsen and Toubro is an Asian giant corporation. A division of this company, after a lot of study, thought and discussions, decided to adopt the CONQUAS method of construction management. This paper describes how these efforts have borne fruit and the company is planning to adopt the system in more projects.
2013
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48767/1/MPRA_paper_48767.pdf
Kamath, Amit and Jayaraman, R (2013): CONQUAS Systems Standard for High Quality Project Management. Published in: MERC Global's International Journal of Management , Vol. 1, No. 1 (2013): pp. 51-67.
en
oai:mpra.ub.uni-muenchen.de:49170
2019-10-03T04:44:10Z
7374617475733D707562
7375626A656374733D43:4330
7375626A656374733D43:4330:433030
7375626A656374733D43:4330:433032
7375626A656374733D43:4331:433135
7375626A656374733D43:4333:433330
7375626A656374733D43:4333:433338
7375626A656374733D43:4333:433339
7375626A656374733D43:4334:433430
7375626A656374733D43:4334:433439
7375626A656374733D43:4335:433530
7375626A656374733D43:4335:433531
7375626A656374733D43:4335:433533
7375626A656374733D43:4336:433630
7375626A656374733D43:4336:433638
7375626A656374733D43:4336:433639
7375626A656374733D44:4430:443030
7375626A656374733D44:4430:443031
7375626A656374733D44:4431:443130
7375626A656374733D44:4431:443133
7375626A656374733D44:4432:443230
7375626A656374733D44:4432:443234
7375626A656374733D44:4433:443331
7375626A656374733D44:4435:443530
7375626A656374733D44:4435:443538
7375626A656374733D45:4532
7375626A656374733D45:4532:453230
7375626A656374733D45:4532:453231
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453237
7375626A656374733D45:4533:453330
7375626A656374733D45:4533:453331
7375626A656374733D45:4533:453332
7375626A656374733D45:4533:453337
7375626A656374733D46:4632:463231
7375626A656374733D46:4632:463232
7375626A656374733D46:4636:463630
7375626A656374733D46:4636:463632
7375626A656374733D46:4636:463633
7375626A656374733D46:4636:463636
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A31:4A3131
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A33:4A3331
7375626A656374733D4A:4A36:4A3631
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/49170/
European Union Economy System Dynamic Model Development
Skribans, Valerijs
C0 - General
C00 - General
C02 - Mathematical Methods
C15 - Statistical Simulation Methods: General
C30 - General
C38 - Classification Methods ; Cluster Analysis ; Principal Components ; Factor Models
C39 - Other
C40 - General
C49 - Other
C50 - General
C51 - Model Construction and Estimation
C53 - Forecasting and Prediction Methods ; Simulation Methods
C60 - General
C68 - Computable General Equilibrium Models
C69 - Other
D00 - General
D01 - Microeconomic Behavior: Underlying Principles
D10 - General
D13 - Household Production and Intrahousehold Allocation
D20 - General
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
D31 - Personal Income, Wealth, and Their Distributions
D50 - General
D58 - Computable and Other Applied General Equilibrium Models
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E20 - General
E21 - Consumption ; Saving ; Wealth
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E27 - Forecasting and Simulation: Models and Applications
E30 - General
E31 - Price Level ; Inflation ; Deflation
E32 - Business Fluctuations ; Cycles
E37 - Forecasting and Simulation: Models and Applications
F21 - International Investment ; Long-Term Capital Movements
F22 - International Migration
F60 - General
F62 - Macroeconomic Impacts
F63 - Economic Development
F66 - Labor
J00 - General
J11 - Demographic Trends, Macroeconomic Effects, and Forecasts
J20 - General
J30 - General
J31 - Wage Level and Structure ; Wage Differentials
J61 - Geographic Labor Mobility ; Immigrant Workers
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is shown. Implementing the model in practice, new EU member economic integration model in EU is developed. Model is tested only for one EU country, Latvia. Results of the paper show failure of the mechanism of EU operations. The available mechanism contradicts EU principles; it doesn't promote the cohesion in European Union, but quite opposite - leads to solving problems of well-developed EU countries at the expense of developing countries. In the given conditions the example of Latvia shows that there is no possibility to overcome the system crisis. These circumstances specify necessity of changes in EU internal migratory policy, changes in principles of developing countries’ support in EU, and changes in distribution of EU means, taking into account internal migration.
2012
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/49170/1/MPRA_paper_49170.pdf
Skribans, Valerijs (2012): European Union Economy System Dynamic Model Development. Published in: Proceedings of the 30th International Conference of the System Dynamics Society (2012): pp. 3687-3697.
en
oai:mpra.ub.uni-muenchen.de:50385
2019-09-27T16:38:24Z
7374617475733D707562
7375626A656374733D45:4532
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/50385/
Simulation of Aggregate Demand Impacts on the Sectoral Value Added in the Iranian Economy
Valadkhani, Abbas
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E23 - Production
The purpose of this study is to measure the impact of final demand aggregates on the sectoral value added in the Iranian economy by employing input-output analysis and econometric modelling. This paper presents a model in which the sectoral value added for major aggregate sectors is linked with final demand deliveries. The policy implications of this study highlight the outcome of a sustained percentage shock in each component of aggregate demand, other components remaining unchanged, on the growth of the sectoral value added in four counterfactual simulation experiments. These policy implications can provide insights for decision makers and planners in Iran.
1997
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/50385/1/MPRA_paper_50385.pdf
Valadkhani, Abbas (1997): Simulation of Aggregate Demand Impacts on the Sectoral Value Added in the Iranian Economy. Published in: Australasian Journal of Regional Studies , Vol. 2, No. 3 (1997): pp. 177-200.
en
oai:mpra.ub.uni-muenchen.de:52194
2019-09-29T04:29:14Z
7374617475733D756E707562
7375626A656374733D43:4333:433330
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52194/
Elasticity of substitution and technical progress: Is there a misspecification problem?
Saltari, Enrico
Federici, Daniela
C30 - General
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Italian economy in the last two decades is due to the total factor productivity slowdown.
In those models the information and communication technology (ICT) capital stock plays a key role in boosting the efficiency of the traditional capital, and hence of the whole economy. The ICT contribution is captured in a multiplicative way through a weighting factor. The other key parameter at center of our model to explain the Italian productivity decline is the elasticity of substitution.
Recent literature provides estimates well below 1 -- thus rejecting the traditional Cobb-Douglas production function -- though there is no particular value on which the consensus converges. In our opinion, however, these estimates are affected by a specification problem, which has theoretical roots. The technological parameters are long run in nature but the estimates are based on short-run data: the "real" issue is to bridge this gap.
Our aim is to look more deeply into the estimation procedure of the technological parameters. The standard estimation results present a common fundamental problem of serially correlated residuals so that the standard errors will be under-estimated (i.e. biased downwards). We think that at the root of this problem there are two theoretical issues: the estimated models are static in nature and do not incorporate frictions and rigidities.
Our modelling strategy takes into account, though implicitly, adjustment costs without leaving out the optimization hypothesis. Although we cannot in general say that these properties get rid of the serial correlation problem, the correlation statistics for our model does show that residuals are not serially correlated.
2013-12-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52194/1/MPRA_paper_52194.pdf
Saltari, Enrico and Federici, Daniela (2013): Elasticity of substitution and technical progress: Is there a misspecification problem?
en
oai:mpra.ub.uni-muenchen.de:52530
2019-10-09T16:39:34Z
7374617475733D756E707562
7375626A656374733D43:4333:433330
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52530/
Elasticity of substitution and technical progress: Is there a misspecification problem?
Saltari, Enrico
Federici, Daniela
C30 - General
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Italian economy in the last two decades is due to the total factor productivity slowdown.
In those models the information and communication technology (ICT) capital stock plays a key role in boosting the efficiency of the traditional capital, and hence of the whole economy. The ICT contribution is captured in a multiplicative way through a weighting factor. The other key parameter to explain the Italian productivity decline is the elasticity of substitution.
Recent literature provides estimates of the elasticity of substitution well below 1 -- thus rejecting the traditional Cobb-Douglas production function -- though there is no particular value on which consensus converges. In our opinion, however, these estimates are affected by a theoretical specification problem. More generally, the technological parameters are long run in nature but the estimates are based on short-run data.
Our aim is to look more deeply into the estimation procedure of the technological parameters. The standard estimation results present a common fundamental problem of serially correlated residuals so that the standard errors will be under-estimated (i.e. biased downwards). We think that at the root of this problem there are two theoretical issues: the estimated models are static in nature and do not incorporate frictions and rigidities.
Our modelling strategy takes into account, though implicitly, adjustment costs without leaving out the optimization hypothesis. Although we cannot in general say that this framework gets rid of the serial correlation problem, the correlation statistics for our model do show that residuals are not serially correlated.
Recent literature provides estimates well below 1 -- thus rejecting the traditional Cobb-Douglas production function -- though there is no particular value on which the consensus converges. In our opinion, however, these estimates are affected by a specification problem, which has theoretical roots. The technological parameters are long run in nature but the estimates are based on short-run data: the "real" issue is to bridge this gap.
Our aim is to look more deeply into the estimation procedure of the technological parameters. The standard estimation results present a common fundamental problem of serially correlated residuals so that the standard errors will be under-estimated (i.e. biased downwards). We think that at the root of this problem there are two theoretical issues: the estimated models are static in nature and do not incorporate frictions and rigidities.
Our modelling strategy takes into account, though implicitly, adjustment costs without leaving out the optimization hypothesis. Although we cannot in general say that these properties get rid of the serial correlation problem, the correlation statistics for our model does show that residuals are not serially correlated.
2013-12-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52530/8/MPRA_paper_52530.pdf
Saltari, Enrico and Federici, Daniela (2013): Elasticity of substitution and technical progress: Is there a misspecification problem?
en
oai:mpra.ub.uni-muenchen.de:53741
2019-09-27T05:16:43Z
7374617475733D756E707562
7375626A656374733D43:4333:433330
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/53741/
Elasticity of substitution and technical progress: Is there a misspecification problem?
Saltari, Enrico
Federici, Daniela
C30 - General
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Italian economy in the last two decades is due to the total factor productivity slowdown.
In those models the information and communication technology (ICT) capital stock plays a key role in boosting the efficiency of the traditional capital, and hence of the whole economy. The other key parameter to explain the Italian productivity decline is the elasticity of substitution.
Recent literature provides estimates of the elasticity of substitution well below 1 -- thus rejecting the traditional Cobb-Douglas production function -- though there is no particular value on which consensus converges. In our opinion, however, these estimates are affected by a theoretical specification problem. More generally, the technological parameters are long run in nature but the estimates are based on short-run data.
Our aim is to look more deeply into the estimation procedure of the technological parameters. The standard estimation results present a common feature, a combination of a high R-squared and serially correlated residuals, pointing towards a spurious regression bias. In our opinion this bias is generated by a misspecification issue: the standard estimation approach is static in nature since do not incorporate frictions and rigidities.
Our modelling strategy takes into account, though implicitly, adjustment costs without leaving out the optimization hypothesis. Although we cannot in general say that this framework gets rid of the serial correlation problem, the statistics for our model do show that residuals are not serially correlated.
2013-12-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/53741/1/MPRA_paper_53741.pdf
Saltari, Enrico and Federici, Daniela (2013): Elasticity of substitution and technical progress: Is there a misspecification problem?
en
oai:mpra.ub.uni-muenchen.de:53813
2019-09-27T13:54:23Z
7374617475733D756E707562
7375626A656374733D43:4331:433132
7375626A656374733D43:4333:433332
7375626A656374733D45:4532:453233
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/53813/
Industrial production and Confidence after the crisis: what's going on?
Malgarini, Marco
C12 - Hypothesis Testing: General
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
E23 - Production
E32 - Business Fluctuations ; Cycles
The paper provides new evidence on possible structural breaks in the relationship among business Confidence and industrial activity in Europe in the aftermath of the recession. Possible interpretation is that the crisis has determined a change in the pattern of response in surveys, firms now incorporating a lower level of long term output. A confirmation comes from the analysis of survey data on capacity utilisation: we find indeed that perceived potential output or potential output growth has declined throughout the euro area. Results may be rather important for business cycle analysts and policy makers: for the former, the suggestion is to consider business survey data with particular care, since their interpretation has changed as a consequence of the crisis. Policy makers on the other hand should consider that the recession has changed long term expectations of agents, possibly significantly affecting transmission channels of both monetary and fiscal policies.
2012
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/53813/1/MPRA_paper_53813.pdf
Malgarini, Marco (2012): Industrial production and Confidence after the crisis: what's going on?
en
oai:mpra.ub.uni-muenchen.de:53882
2019-09-30T19:41:03Z
7374617475733D756E707562
7375626A656374733D45:4532:453233
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/53882/
Assessing the supply of the Maltese economy using a production function approach
Grech, Aaron George
Micallef, Brian
E23 - Production
E32 - Business Fluctuations ; Cycles
After outlining the various methods used to estimate potential output, this article presents estimates for Malta derived from one of the most commonly used methods, i.e. the production function approach. Given the uncertainty surrounding these kinds of estimates, they are compared with those made for Malta by other institutions using different methods. Based on this analysis and on a cross-country comparison, a number of policy recommendations and final observations are made.
2014-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/53882/1/MPRA_paper_53882.pdf
Grech, Aaron George and Micallef, Brian (2014): Assessing the supply of the Maltese economy using a production function approach.
en
oai:mpra.ub.uni-muenchen.de:54474
2019-09-29T00:49:21Z
7374617475733D756E707562
7375626A656374733D43:4333:433330
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/54474/
Elasticity of substitution and technical progress: Is there a misspecification problem?
Saltari, Enrico
Federici, Daniela
C30 - General
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Italian economy in the last two decades is due to the total factor productivity slowdown.
In those models the information and communication technology (ICT) capital stock plays a key role in boosting the efficiency of the traditional capital, and hence of the whole economy. The other key parameter to explain the Italian productivity decline is the elasticity of substitution.
Recent literature provides estimates of the elasticity of substitution well below 1 -- thus rejecting the traditional Cobb-Douglas production function -- though there is no particular value on which consensus converges. In our opinion, however, these estimates are affected by a theoretical specification problem. More generally, the technological parameters are long run in nature but the estimates are based on short-run data.
Our aim is to look more deeply into the estimation procedure of the technological parameters. The standard estimation results present a common feature, a combination of a high R-squared and serially correlated residuals, pointing towards a spurious regression bias. In our opinion this bias is generated by a misspecification issue: the standard estimation approach is static in nature since do not incorporate frictions and rigidities.
Our modelling strategy takes into account, though implicitly, adjustment costs without leaving out the optimization hypothesis. Although we cannot in general say that this framework gets rid of the serial correlation problem, the statistics for our model do show that residuals are not serially correlated.
2013-12-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/54474/1/MPRA_paper_54474.pdf
Saltari, Enrico and Federici, Daniela (2013): Elasticity of substitution and technical progress: Is there a misspecification problem?
en
oai:mpra.ub.uni-muenchen.de:54766
2019-10-10T21:58:53Z
7374617475733D756E707562
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453237
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/54766/
Okun's law: evidence for the Brazilian economy
Tombolo, Guilherme Alexandre
Hasegawa, Marcos Minoru
E23 - Production
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E27 - Forecasting and Simulation: Models and Applications
In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α-βg_y, where β is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are in general lower than the values obtained to other countries in similar studies.
2014-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/54766/1/MPRA_paper_54766.pdf
Tombolo, Guilherme Alexandre and Hasegawa, Marcos Minoru (2014): Okun's law: evidence for the Brazilian economy.
en
oai:mpra.ub.uni-muenchen.de:55302
2019-09-26T08:32:53Z
7374617475733D756E707562
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453234
7375626A656374733D4A:4A30:4A3031
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/55302/
Modeling the relationship between GDP and unemployment for Okun’s law specific to Jordan
alamro, Hassan
Al-dalaien, Qusay
E23 - Production
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
J01 - Labor Economics: General
The objective of this paper is to measure the impact of economic growth on unemployment in the Jordanian economy in the short and long-run during the period (1980-2011) by implementing the okun's law. The relationship is measured by performing the gap model with Hodrick-Prescott filter (HP filter) to calculate the potential gross domestic product.
To this end, an Autoregressive Distributed Lag (ARDL) approach to co-integration and the Error Correction Model (ECM) are employed to represent the short and long term relationship.
The results indicate that the economic growth has a weak significant negative short- and long-run effect on unemployment.
2014-04-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/55302/1/MPRA_paper_55302.pdf
alamro, Hassan and Al-dalaien, Qusay (2014): Modeling the relationship between GDP and unemployment for Okun’s law specific to Jordan.
en
oai:mpra.ub.uni-muenchen.de:56301
2019-09-27T01:21:31Z
7374617475733D756E707562
7375626A656374733D44:4432:443234
7375626A656374733D44:4438:443830
7375626A656374733D45:4532:453233
7375626A656374733D4A:4A32:4A3234
7375626A656374733D4D:4D35:4D3534
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56301/
Division of Work and Fragmented Information: An Explanation for the Diminishing Marginal Product of Labor
Harashima, Taiji
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
D80 - General
E23 - Production
J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity
M54 - Labor Management
In this paper, an explanation for the diminishing marginal product of labor is demonstrated in a model that incorporates the concept of entropy from information theory. First, I introduce the concept of “division of work” and argue that the division of work (i.e., the allocation of tasks in the production process) and not the division of labor (i.e., worker specialization) is the source of the diminishing marginal product of labor. Division of work results in a fragmentation of the information that workers can access, and inefficiencies other than the commonly assumed factors of redundancy and congestion in labor inputs are generated by this fragmentation of information. The introduced inefficiency is modeled using the concept of entropy from information theory and the experience curve effect theory. The mechanism of the diminishing marginal product of labor is well explained by the model, and the model is similarly used to explore the diminishing marginal product of capital.
2014-05-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56301/1/MPRA_paper_56301.pdf
Harashima, Taiji (2014): Division of Work and Fragmented Information: An Explanation for the Diminishing Marginal Product of Labor.
en
oai:mpra.ub.uni-muenchen.de:56388
2019-10-01T16:33:00Z
7374617475733D707562
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453237
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56388/
Okun's law: evidence for the Brazilian economy
Tombolo, Guilherme Alexandre
Hasegawa, Marcos Minoru
E23 - Production
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E27 - Forecasting and Simulation: Models and Applications
In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α-βg_y, where β is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are in general lower than the values obtained to other countries in similar studies.
2014-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56388/1/MPRA_paper_56388.pdf
Tombolo, Guilherme Alexandre and Hasegawa, Marcos Minoru (2014): Okun's law: evidence for the Brazilian economy. Published in: The Economic Research Guardian , Vol. 4, No. 1 (19 May 2014): pp. 2-12.
en
oai:mpra.ub.uni-muenchen.de:56811
2019-09-26T08:16:48Z
7374617475733D756E707562
7375626A656374733D45:4532
7375626A656374733D45:4532:453233
7375626A656374733D45:4533
7375626A656374733D45:4533:453330
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56811/
Identifying and characterizing the business cycle: the case of Morocco
ELALAOUI, AICHA
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E23 - Production
E3 - Prices, Business Fluctuations, and Cycles
E30 - General
E32 - Business Fluctuations ; Cycles
This paper describes the key features of the Moroccan business cycles during the period 1980:q1-2012:q1. In particular, this paper identifies the chronologies in classical and growth cycles (expansion and contraction phases and full cycles in real gross domestic product). Using the modified BB algorithm, I have found eight business cycles and the ninth is not yet achieved. Then, I have would to analysis of the main features in these cycles by applying the method of Harding and Pagan (2001) which has shown that the Moroccan economy characterized by the average cumulative gain is more important than the cumulative loss and by the domination of expansion phases.
2014-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56811/1/MPRA_paper_56811.pdf
ELALAOUI, AICHA (2014): Identifying and characterizing the business cycle: the case of Morocco.
en
oai:mpra.ub.uni-muenchen.de:56879
2019-10-06T04:34:24Z
7374617475733D756E707562
7375626A656374733D45:4532
7375626A656374733D45:4532:453233
7375626A656374733D45:4533
7375626A656374733D45:4533:453330
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56879/
Identifying and characterizing the business cycle: the case of Morocco
El Alaoui, Aicha
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E23 - Production
E3 - Prices, Business Fluctuations, and Cycles
E30 - General
E32 - Business Fluctuations ; Cycles
In this paper, I describe the key features of the Moroccan business cycles during the period 1980:q1-2012:q1. In particular, I identify the chronologies in classical and growth cycles (expansion phase, contraction phase and full cycles in real gross domestic product). Using the modified BB algorithm, I find eight business cycles and the ninth is not yet achieved. Then, I analyse the main features in these cycles by applying the method of Harding and Pagan (2001). Therefore, I show that the Moroccan economy characterized by the average cumulative gain is more important than the cumulative loss and by the domination of expansion phases.
2014-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56879/1/MPRA_paper_56879.pdf
El Alaoui, Aicha (2014): Identifying and characterizing the business cycle: the case of Morocco.
en
oai:mpra.ub.uni-muenchen.de:56983
2019-09-26T08:57:44Z
7374617475733D756E707562
7375626A656374733D45:4532:453233
7375626A656374733D49:4933:493331
7375626A656374733D4F:4F34:4F3437
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56983/
Happiness matters: the role of well-being in productivity
DiMaria, Charles Henri
Peroni, Chiara
Sarracino, Francesco
E23 - Production
I31 - General Welfare, Well-Being
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
This article is about the link between people’s subjective well-being, defined as an evaluation of one’s own life, and productivity. Our aim is to test the hypothesis that subjective well-being contributes to productivity using a two step approach: first, we establish whether subjective
well-being can be a candidate variable to study Total Factor Productivity; second, we assess how much subjective well-being contributes to productivity at aggregate level through efficiency gains. We adopt Data Envelopment Analysis to compute total factor productivity and efficiency indices using European Social Survey and AMECO data for 20 European
countries. Results show that subjective well-being is an input and not an output to production.
2014-06-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56983/1/MPRA_paper_56983.pdf
DiMaria, Charles Henri and Peroni, Chiara and Sarracino, Francesco (2014): Happiness matters: the role of well-being in productivity.
en
oai:mpra.ub.uni-muenchen.de:57391
2019-10-03T02:32:13Z
7374617475733D756E707562
7375626A656374733D45:4532:453231
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453237
7375626A656374733D45:4533
7375626A656374733D45:4533:453332
7375626A656374733D59:5939:593930
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/57391/
Economic Science: From the Ideal Gas Law Economy to Piketty and Beyond
Song, Edward
E21 - Consumption ; Saving ; Wealth
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E27 - Forecasting and Simulation: Models and Applications
E3 - Prices, Business Fluctuations, and Cycles
E32 - Business Fluctuations ; Cycles
Y90 - Other
I start with income and wealth inequality data from the Congressional Budget Office (CBO) and Thomas Piketty, and propose approaches taken from science (for example, behavioral evolution theory,) that might be useful in explaining the data and forecasting future economic events. Using a modified production function developed by Robert Solow, I also explore redistributive effects of income when biological restrictions lead to minimum expenditure requirements and satiation conditions. I conclude that redistributing income from the wealthy to the poor can have counter-cyclical effects in recessions. Moreover, redistribution in the form of human capital can have particularly large positive economic growth effects. Finally, I explain how financial crisis may lead to large economic downturns by proposing a model where productive capital formation is dependent on debt financing.
2014-07-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/57391/3/MPRA_paper_57391.pdf
Song, Edward (2014): Economic Science: From the Ideal Gas Law Economy to Piketty and Beyond.
en
oai:mpra.ub.uni-muenchen.de:57398
2019-09-26T20:20:06Z
7374617475733D756E707562
7375626A656374733D43:4332:433232
7375626A656374733D43:4335:433531
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/57398/
Re-evaluating Okun's law in South Africa: A nonlinear co-integration approach
Phiri, Andrew
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C51 - Model Construction and Estimation
E23 - Production
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
This study undertakes an examination of asymmetric co-integration adjustment in Okun’s law for South Africa between the periods of 2000-2013. This objective is tackled through the use of momentum threshold autoregressive (MTAR) econometric framework. Contrary to conventional theory, the results show that unemployment granger causes economic growth in the long-run, a result which may account for the job-less growth experienced by South Africa over the last decade or so. The obtained results have important implications for policy conduct in South Africa. Firstly, they prove that increases of economic growth in the long run may not cause a decrease in the unemployment rate yet a decrease in the unemployment rate will lead to increases in output growth. Secondly, these results further highlight the importance of labour market policies in improving economic growth in South Africa as opposed to policy authorities depending on higher economic growth to be driving force behind reducing unemployment rates.
2014-07-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/57398/1/MPRA_paper_57398.pdf
Phiri, Andrew (2014): Re-evaluating Okun's law in South Africa: A nonlinear co-integration approach.
en
oai:mpra.ub.uni-muenchen.de:57401
2019-09-29T01:19:48Z
7374617475733D756E707562
7375626A656374733D43:4332:433232
7375626A656374733D43:4335:433531
7375626A656374733D45:4532:453233
7375626A656374733D45:4533:453331
7375626A656374733D45:4533:453337
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/57401/
Probabilidad Clásica de Sobreajuste con Criterios de Información: Estimaciones con Series Macroeconómicas Chilenas
Medel, Carlos A.
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C51 - Model Construction and Estimation
E23 - Production
E31 - Price Level ; Inflation ; Deflation
E37 - Forecasting and Simulation: Models and Applications
This paper provides, via Monte Carlo simulations, estimates of the classical probability of overfitting under an autoregressive environment (AR), using the information criteria (IC) of Akaike, Schwarz and Hannan-Quinn (AIC, BIC and HQ), calibrated with Chilean data of total inflation, core inflation, Imacec, and monthly return of the nominal exchange rate Chilean peso-American dollar. This probability corresponds to the number of times when a candidate model has a strictly greater number of coefficients than the true model, divided by the total number of searches. The results indicate that the increased risk of overfitting is obtained with the AIC, followed by HQ and finally the BIC. The highest probability of overfitting is achieved with the AIC, reaching 32 and 30% with the exchange rate and Imacec, respectively, followed by 25 and 22% for total and core inflation. Considering the three IC, it is more likely to obtain an overfitted model by just one coefficient. Also, it is more likely that the overfitting does not exceed 10 coefficients. These results are important as quantifying the extent to which these variables are subject to overfitting risk when represented by AR models. The potential problems carried by overfitting includes: (i) the spurious regression, (ii) distort the estimation of impulse response function, and (iii) affect the predictive accuracy of the variable of interest. The latter problem is analyzed in detail.
2014-07-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/57401/1/MPRA_paper_57401.pdf
Medel, Carlos A. (2014): Probabilidad Clásica de Sobreajuste con Criterios de Información: Estimaciones con Series Macroeconómicas Chilenas.
es
oai:mpra.ub.uni-muenchen.de:57780
2019-09-28T15:55:43Z
7374617475733D756E707562
7375626A656374733D45:4532:453231
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453237
7375626A656374733D45:4533
7375626A656374733D45:4533:453332
7375626A656374733D59:5939:593930
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/57780/
Economic Science: From the Ideal Gas Law Economy to Piketty and Beyond
Song, Edward
E21 - Consumption ; Saving ; Wealth
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E27 - Forecasting and Simulation: Models and Applications
E3 - Prices, Business Fluctuations, and Cycles
E32 - Business Fluctuations ; Cycles
Y90 - Other
I start with income and wealth inequality data from the Congressional Budget Office (CBO) and Thomas Piketty, and propose approaches taken from science (for example, behavioral evolution theory,) that might be useful in explaining the data and forecasting future economic events. Using a modified production function developed by Robert Solow, I also explore redistributive effects of income when biological restrictions lead to minimum expenditure requirements and satiation conditions. I conclude that redistributing income from the wealthy to the poor can have counter-cyclical effects in recessions. Moreover, redistribution in the form of human capital can have particularly large positive economic growth effects. Finally, I explain how financial crisis may lead to large economic downturns by proposing a model where productive capital formation is dependent on debt financing.
2014-07-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/57780/1/MPRA_paper_57780.pdf
Song, Edward (2014): Economic Science: From the Ideal Gas Law Economy to Piketty and Beyond.
en
oai:mpra.ub.uni-muenchen.de:58302
2019-10-09T16:35:22Z
7374617475733D756E707562
7375626A656374733D43:4333:433330
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/58302/
Elasticity of substitution and the slowdown of the Italian productivity
Saltari, Enrico
Federici, Daniela
C30 - General
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Italian economy in the last two decades has been the total factor productivity slowdown. The aim of this paper is to investigate the roots of this slowdown. Specifically, we want to analyze the specific pattern of technical progress in determining the TFP dynamics. This analysis can not be done with the Cobb-Douglas technology but requires the employ of a CES function which allows to distinguish between the direction and the bias of technical progress. We employ a CES specification embodying both labor- and capital-augmenting technical change, with a σ less than 1. We obtain three main results. 1) There seems to have been a structural break around the mid-nineties in the direction and bias of technological change; 2) The first half of the sample features a labor-augmenting technical change and a capital bias; 3) In the second part of the sample both these characteristics seem to disappear, and factor endowments evolution assumes a key role. This last fact may be view as one of the potential causes of the Italian productivity stagnation.
2014-09-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/58302/1/MPRA_paper_58302.pdf
Saltari, Enrico and Federici, Daniela (2014): Elasticity of substitution and the slowdown of the Italian productivity.
en
oai:mpra.ub.uni-muenchen.de:58422
2019-09-27T11:56:40Z
7374617475733D756E707562
7375626A656374733D43:4333:433330
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/58422/
Elasticity of substitution and the slowdown of the Italian productivity
Saltari, Enrico
Federici, Daniela
C30 - General
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
The aim of this paper is to investigate the roots of the Italian total factor productivity slowdown. The analysis focusses on the specific pattern of technical progress in determining the TFP dynamics. This analysis can not be done with the Cobb-Douglas technology but requires the employ of a CES function which allows to distinguish between the direction and the bias of technical progress. We employ a CES specification embodying both labor- and capital-augmenting technical change, with a σ less than 1. We obtain three main results. 1) There seems to have been a structural break around the mid-nineties in the direction and bias of technological change; 2) The first half of the sample features a labor-augmenting technical change and a capital bias; 3) In the second part of the sample both these characteristics seem to disappear, and factor endowments evolution assumes a key role. This fact may be view as one of the potential causes of the Italian productivity stagnation.
2014-09-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/58422/1/MPRA_paper_58422.pdf
Saltari, Enrico and Federici, Daniela (2014): Elasticity of substitution and the slowdown of the Italian productivity.
en
oai:mpra.ub.uni-muenchen.de:59179
2024-03-13T07:40:27Z
7374617475733D756E707562
7375626A656374733D45:4532:453231
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453237
7375626A656374733D45:4533
7375626A656374733D45:4533:453332
7375626A656374733D59:5939:593930
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59179/
Economic Science: From the Ideal Gas Law Economy to Piketty and Beyond
Song, Edward
E21 - Consumption ; Saving ; Wealth
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E27 - Forecasting and Simulation: Models and Applications
E3 - Prices, Business Fluctuations, and Cycles
E32 - Business Fluctuations ; Cycles
Y90 - Other
I start with income and wealth inequality data from the Congressional Budget Office (CBO) and Thomas Piketty, and propose approaches taken from science (for example, behavioral evolution theory,) that might be useful in explaining the data and forecasting future economic events. Using a modified production function developed by Robert Solow, I also explore redistributive effects of income when biological restrictions lead to minimum expenditure requirements and satiation conditions. I conclude that redistributing income from the wealthy to the poor can have counter-cyclical effects in recessions. Moreover, redistribution in the form of human capital can have particularly large positive economic growth effects. Finally, I explain how financial crisis may lead to large economic downturns by proposing a model where productive capital formation is dependent on debt financing.
2014-07-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59179/1/MPRA_paper_57780.pdf
application/pdf
en
https://mpra.ub.uni-muenchen.de/59179/8/MPRA_paper_59179.pdf
Song, Edward (2014): Economic Science: From the Ideal Gas Law Economy to Piketty and Beyond.
en
oai:mpra.ub.uni-muenchen.de:59184
2019-09-26T14:33:32Z
7374617475733D756E707562
7375626A656374733D44:4432:443234
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F34:4F3437
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59184/
生产要素、FDI、环境污染与中国经济增长源泉——基于BM生产率指数的分解
Tang, Liwei
Hu, Zongyi
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
E23 - Production
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
In this paper,we divide fixed capital stock into domestic fixed capital stock and foreign fixed capital stock (FDI stock), then by consideration of the environmental deletion, we make use of the BM productivity index to decompose the source of economic growth from 1998 to 2011. The findings show that, as a whole, the contribution share of TFP, labor input, domestic capital, FDI and environmental consumption to economic growth was 4.33%, 3.67%, 48.1%, 18% and 25.9% respectively. Regional Statistics found that the area which the largest contributions share TFP of to economic growth was eastern, and the economic growth of central depends on capital than others, and the economic growth of western depends on FDI than others. The results of this paper tell us that ,at present, China’s economic growth is much more depending on capital and there is difference among three areas. The contribution of TFP to economic growth is limited, China’s economic growth has been more exploited environment which is not sustainable. So transforming economic growth mode is inevitable.
2014-03-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59184/1/MPRA_paper_59184.pdf
Tang, Liwei and Hu, Zongyi (2014): 生产要素、FDI、环境污染与中国经济增长源泉——基于BM生产率指数的分解.
zh
oai:mpra.ub.uni-muenchen.de:59283
2019-09-27T14:57:40Z
7374617475733D756E707562
7375626A656374733D45:4531:453131
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453235
7375626A656374733D45:4533
7375626A656374733D4F:4F34
7375626A656374733D50:5031
7375626A656374733D50:5031:503136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59283/
Income distribution, turnover speed and profit rate in Japan, Chile, Netherlands and United States
Maito, Esteban Ezequiel
E11 - Marxian ; Sraffian ; Kaleckian
E23 - Production
E25 - Aggregate Factor Income Distribution
E3 - Prices, Business Fluctuations, and Cycles
O4 - Economic Growth and Aggregate Productivity
P1 - Capitalist Systems
P16 - Political Economy
This paper analyzes the valorization process in Chile, Japan, Netherlands and United States, estimating advanced constant and variable capital, turnover speed, capital composition and profit rate on total advanced capital. Furthermore, it analyzes the role of turnover speed in the valorization process. In core countries, turnover speed of capital tends to be higher due to a larger development of productive forces. Thus, in Netherlands, United States and Japan there is higher labor share, representing at the same time, the wage bill adjusted by capital turnover, a lower proportion related to total capital and income, compared to peripheral countries like Chile
2014-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59283/3/MPRA_paper_59283.pdf
Maito, Esteban Ezequiel (2014): Income distribution, turnover speed and profit rate in Japan, Chile, Netherlands and United States.
en
oai:mpra.ub.uni-muenchen.de:60954
2019-10-04T00:06:58Z
7374617475733D707562
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3437
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60954/
The Verdoorn Law: Some Evidence from Non-parametric Frontier Analysis
Destefanis, Sergio
E23 - Production
O11 - Macroeconomic Analyses of Economic Development
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
In this paper we show how the nature of economies of scale can be assessed using a set of procedures based on non-parametric frontier analysis. Through these procedures it is possible to characterise qualitatively the nature of returns to scale for each observation, yielding important information on the heterogeneity of observations across both time and space. Also an approximate quantitative measure of returns to scale can be produced for each observation. By way of application, we assess economies of scale across a sample of 52 countries, taken from the Penn World Table, mark 5.6. We suggest that this exercise is a useful addition to the existing literature on Verdoorn Law, as non-parametric frontier analysis allows a novel approach to the issues of simultaneity and spuriousness.
2002-12-19
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60954/1/MPRA_paper_60954.pdf
Destefanis, Sergio (2002): The Verdoorn Law: Some Evidence from Non-parametric Frontier Analysis. Published in: John McCombie, Maurizio Pugno, Bruno Soro (eds.) No. Ch. 8, Productivity Growth and Economic Performance - Essays on Verdoorn's Law (19 December 2002): pp. 136-164.
en
oai:mpra.ub.uni-muenchen.de:61029
2019-09-27T14:45:01Z
7374617475733D756E707562
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453234
7375626A656374733D45:4533:453332
7375626A656374733D4A:4A33:4A3331
7375626A656374733D4C:4C31
7375626A656374733D4F:4F33
7375626A656374733D4F:4F34
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/61029/
The role of product diversification in skill-biased technological change
Nam, Choong Hyun
E23 - Production
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E32 - Business Fluctuations ; Cycles
J31 - Wage Level and Structure ; Wage Differentials
L1 - Market Structure, Firm Strategy, and Market Performance
O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights
O4 - Economic Growth and Aggregate Productivity
Since the 1980s, the labour demand has shifted toward more educated workers in the US. The most common explanation is that the productivity of skilled workers has risen relative to the
unskilled, but it is not easy to explain why the aggregate labour productivity was stagnant during the 1980s. Alternatively, I have constructed a theoretical model which assumes that the demand for white-collar workers increases not because their productivity grows faster, but because
increasing product variety requires white-collar workers as fixed input. Hence, the transition from Ford-style mass production towards more diversified one has shifted labour demand toward white-collar workers.
2014-12-31
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/61029/1/MPRA_paper_61029.pdf
Nam, Choong Hyun (2014): The role of product diversification in skill-biased technological change.
en
oai:mpra.ub.uni-muenchen.de:61689
2019-09-26T22:36:32Z
7374617475733D707562
7375626A656374733D45:4532:453233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/61689/
L’économie politique de la finance et de la production: cas des pays de la Tunisie, du Maroc et de la Mauritanie
ziadi, Azza
E23 - Production
The objective of this article is to identify the nature of the relationship between the financial sphere and the productive sphere. First, disclosing the various theoretical and empirical studies on the so-called relationship, then highlighting the nature of the relationship between the two spheres for AMU countries with the exception of Algeria and Libya.
We will therefore answer the question: how the financial sector affects -t- it on the real economy by taking as a case study Tunisia, Morocco and Mauritania.
2014-05-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/61689/1/MPRA_paper_61689.pdf
ziadi, Azza (2014): L’économie politique de la finance et de la production: cas des pays de la Tunisie, du Maroc et de la Mauritanie. Published in: Munich Personal RePEc Archive (28 March 2015): pp. 1-22.
fr
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