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  • Total factor productivity - Wikipedia

    In economics, total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output (e.g., GDP) to aggregate inputs. Under some simplifications about the production technology, growth in TFP becomes the portion of growth in output not explained by growth in traditionally measured inputs of labour and capital used in production.

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  • Distribution, aggregate demand and

    If aggregate demand is profit-led, however, different overall regimes may arise in the face of an increasing profit share, depending on the relative strength of the effects of redistribution on the demand and on the productivity regime: contractive or expansive effects throughout on capacity utilisation, capital accumulation and productivity growth, or an intermediate regime with positive

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  • Measuring Aggregate Productivity Growth

    We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost of primary inputs. We show how to aggregate plant-level data to this measure and how to use plant-level data to decompose our measure into technical efficiency and reallocation components. This requires us to confront the "non-neoclassical" features that impact plant-level

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  • 8.2 Growth and the Long-Run Aggregate Supply

    The Aggregate Production Function, the Market for Labor, and Long-Run Aggregate Supply. To derive the long-run aggregate supply curve, we bring together the model of the labor market, introduced in the first macro chapter and the aggregate production function. As we learned, the labor market is in equilibrium at the natural level of employment. The demand and supply curves for labor intersect

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  • CAPITAL MISALLOCATION AND AGGREGATE

    Economywide factor productivity and the aggregate growth rate are both negatively correlated with the dispersion of sectoral rates of return, sectoral TFP, and sectoral growth rates. We also find highly volatile limit cycles in economies with small amounts of collateral. Send article to Kindle . To send this article to your Kindle, first ensure [email protected] is added to your Approved

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  • Aggregate Productivity - an overview |

    3.2.1 Aggregate Productivity and Firm Delocation Effects. In the context of SDT, one possible mechanism through which better export opportunities via preferences in the markets of developed economies could lead to (one-off) economic growth in developing economies is by increasing aggregate productivity. In a setting a la Melitz (2003), an increase in exports due to better access to foreign

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  • Aggregate Productivity - an overview |

    3.2.1 Aggregate Productivity and Firm Delocation Effects. In the context of SDT, one possible mechanism through which better export opportunities via preferences in the markets of developed economies could lead to (one-off) economic growth in developing economies is by increasing aggregate productivity. In a setting a la Melitz (2003), an increase in exports due to better access to foreign

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  • The Impact of Trade on Intra-Industry Reallocations and

    You have printed the following article: The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity Marc J. Melitz Econometrica, Vol. 71, No. 6.

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  • The aggregate demand-aggregate supply (AD

    The production possibilities curve model. The market model. The money market model. The aggregate demand-aggregate supply (AD-AS) model. This is the currently selected item. The market for loanable funds model . The Phillips curve model. The foreign exchange market model. Economics · AP®︎/College Macroeconomics · Resources and exam preparation · Every graph used in AP

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  • Labor productivity, capital accumulation, and aggregate

    Labor productivity, capital accumulation, and aggregate efficiency across countries: Some stylized facts Mendez-Guerra, Carlos Kyushu University 7 November 2017 Online at https://mpra.ub.uni-muenchen/82461/ MPRA Paper No. 82461, posted 08 Nov 2017 00:16 UTC

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  • ESTIMATING AGGREGATE PRODUCTIVITY GROWTH FOR AUSTRALIA

    Zealand's productivity performance over the past two decades and the impact of key economic reforms on productivity levels. The New Zealand report provides a template for assembling a consistent productivity database for Australia. Having assembled the new aggregate level productivity database, we proceed to estimate a

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  • Data Appendix for: Global Productivity - World Bank

    productivity growth rates, and total factor productivity (TFP) growth rates for up to 172 countries for 1980-2018. In addition, the database contains the contribution of capital deepening to the labor productivity growth rate. This appendix describes the data sources, variable definitions, aggregation approaches and their country coverage in detail. Measures of productivity Measures. Data are

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  • ESTIMATING AGGREGATE PRODUCTIVITY GROWTH FOR

    Zealand's productivity performance over the past two decades and the impact of key economic reforms on productivity levels. The New Zealand report provides a template for assembling a consistent productivity database for Australia. Having assembled the new aggregate level productivity database, we proceed to estimate a

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  • MultiProd: Uncovering the micro drivers of

    Understanding how firm-level productivity patterns translate into aggregate productivity is, therefore, a key challenge for policymakers. The MultiProd Project and Data: The core MultiProd database provides a detailed portrait of productivity and wage dispersion in 22 countries, with consistent coverage over the period from 1995 to 2012. The data collected include measures of within-industry

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  • The Aggregate Productivity Effects of Internal

    26.07.2019· We estimate the aggregate productivity gains from reducing barriers to internal labor migration in Indonesia, accounting for worker selection and spatial differences in human capital. We distinguish between movement costs, which mean workers will move only if they expect higher wages, and amenity differences, which mean some locations must pay more to attract workers. We find

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  • Trade, Migration, and Productivity: A Quantitative

    11.08.2015· Trade, Migration, and Productivity: A Quantitative Analysis of China by Trevor Tombe and Xiaodong Zhu. Published in volume 109, issue 5, pages 1843-72 of American Economic Review, May 2019, Abstract: We study how goods- and labor-market frictions affect aggregate labor productivity in China. Combini

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  • What Factors Cause Shifts in Aggregate Demand?

    09.02.2021· Find out how aggregate demand is calculated in macroeconomic models. See what kinds of factors can cause the aggregate demand curve to shift left or right.

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  • Trade, Migration, and Productivity: A

    11.08.2015· Trade, Migration, and Productivity: A Quantitative Analysis of China by Trevor Tombe and Xiaodong Zhu. Published in volume 109, issue 5, pages 1843-72 of American Economic Review, May 2019, Abstract: We study how goods- and labor-market frictions affect aggregate labor productivity in China. Combini

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  • Total factor productivity - Wikipedia

    In economics, total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output (e.g., GDP) to aggregate inputs. Under some simplifications about the production technology, growth in TFP becomes the portion of growth in output not explained by growth in traditionally measured inputs of labour and capital used in production.

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  • Measuring Productivity - OECD Manual

    Measurement of Aggregate and Industry-level Productivity Growth Measures of productivity growth constitute core indicators for the analysis of economic growth. However, there are many different approaches to productivity measurement and their calculation and interpretation requires careful consideration, in particular when undertaking international comparisons. The Measuring Productivity

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