Questions tagged [productivity]
A measure of efficiency in production for some given set of inputs
24
questions with no upvoted or accepted answers
4
votes
0
answers
146
views
CES aggregator for intermediates with heterogeneous productivity
I'm following Atkeson, Burstein (2019 JPE), and cannot understand the aggregation result.
There is measure $M(z)$ of firms with productivity $z$, with production function
$$
y(z) = z k(z)^\alpha l(z)^...
- 41
3
votes
0
answers
220
views
Arellano and Bond (1991) GMM estimation in R by using plm package
I am a last-year student at university, currently working on my Bachelor's (so still learning R), and I really hope that you would suggest a potential solution (even if to use Python).
So, the main ...
- 109
3
votes
0
answers
19
views
References for estimating lifetime earnings lost due to caregiving (health economics)
I am working on a project on the productivity costs for caregivers of people with Disease X, a degenerative disease that affects mobility over time. I am looking for references, either scholarly ...
- 131
2
votes
0
answers
382
views
Arellano and Bond (1991) or Blundell and Bond (1998) in R estimation
I have the following problem with the Arellano and Bond (1991) or Blundell and Bond (1998) estimators in R using the plm package. I receive the following problem when trying to run the needed ...
- 109
2
votes
0
answers
49
views
How can the number of hairdressers in the UK be up 50% since 2010?
In this recent article, The Economist argues that one of the reasons behind the anaemic recent wage growth in Britain is that the recent job growth has been concentrated in lower-productivity jobs and ...
- 163
2
votes
0
answers
148
views
How does Austrian Economics define Labour Productivity?
Is there a specific Austrian definition in accordance to the concept of Labour Productivity?
If Labour Productivity is too broad of a term, then I will qualify to be speaking about it in context of ...
- 241
2
votes
1
answer
52
views
Why in Italy and Spain, as productivity grows, wages don't grow too?
As you can see in this report: https://rpubs.com/lovepeacejoy404/crescita_salariale between labor productivity and the average wage there is a correlation of 76% (Pearson index), while with the ...
- 31
1
vote
0
answers
63
views
Testing Kaldor's Second Law
According to Kaldor's second law, as manufacturing industry grows, the productivity in manufacturing will increase:
$$p_i=f(g_m)$$
And, from the article of Heather Wells and A.P. Thirlwall (Testing ...
1
vote
0
answers
23
views
Labor Productivity movers and determinants: regression form
Consider a sample of firms' labor productivity over time. Some firms improve their productivity rating (i.e., jump from the lower to the higher productivity quartiles), some don't, and some stay ...
- 11
1
vote
0
answers
72
views
Total factor productivity (TFP) estimation in R via estprod package
good morning
I am trying to calculate the total factor productivity (TFP) for companies in the manufacturing industry through the Levinsohn-Petrin model. To do so, I use the prodest package in R. ...
1
vote
0
answers
17
views
Is there any good summary, lecture notes, textbook or videos that give overview of firm-level productivity models?
As the title says, I am looking for some tutorials/educational materials for firm-level productivity models.
I am looking for some source that would cover the most commonly used models. Also, it is a ...
- 2,576
1
vote
0
answers
64
views
How can I add a multidimensional panel to estimate TFP (year, id, region) in R?
I'm not sure about adding fixed effects for the variables year,id,region (using the estprod library) as in this paper using LP stimator.
In the STATA forum ( #18 #...
- 123
1
vote
0
answers
39
views
Data on labour productivity in India
I am trying to find historical data at the district, or ideally at the city-level on labour productivity (by sector, with a special focus on agriculture) or perhaps data on a similar measure?
- 21
1
vote
0
answers
23
views
Is the definition of Investment variable in Economics?
I studied that Investment is the expenditure incurred on the procurement of such goods that would help us in production of goods and services.
And mainly consists of Fixed and Inventory Investment
...
- 247
1
vote
0
answers
36
views
Where to start, to know the cost, in hours of work, necessary to produce one more car (or any other good)?
Let's say I want to buy a car. It costs that, so I can know that, for example, I have to work 3 months to pay for it. But does the car really needs three months of human work to be build?
What is the ...
- 111
1
vote
0
answers
41
views
What are the currently accepted methods to estimate a firm's productivity?
While there are a lot of methods one can think of, like computing the ratio of profits to assets or profits to sales, apparently it is a difficult problem.
It would be useful to know how effectively ...
- 2,648
0
votes
0
answers
11
views
Has ICT diffusion had effect on TFP of manufacturing industries?
I work as an advisor in industrial policies ... And there is a big trend around the digitization of firms in my - lagging but developed - country. This digitization is presented as a progress but i ...
0
votes
0
answers
85
views
Relationship between productivity and GDP
I was looking at the OECD data for GDP per hour worked as a stand in for productivity and was extremely confused when I started comparing the numbers and tried to understand the relationship between ...
0
votes
0
answers
24
views
Is this a correct way of calculating productivity? And can the proposed data be (accurately) used for doing so?
I want to know if my thinking for calculating productivity [2019-USD/hour-worked] is correct.
Basics:
Take the GDP of a country and divide by the total amount of hours worked in that country -> ...
- 125
0
votes
0
answers
651
views
Stochastic Frontier Analysis (SFA) in Stata: Technical Efficiency Estimates
I am prepared to look quite the fool, but hopefully you can help me.
I am trying to perform Stochastic Frontier Analysis on a balanced panel dataset by estimating the following model:
I think the ...
0
votes
0
answers
140
views
Prodest package in R for TFP estimation, gives different results
I have the following issue: each time I run the estimation of the TFP by using prodest package in R 4.0.3, I obtain different coefficients before the variables as well as omega variable is different:
...
- 109
0
votes
0
answers
25
views
Which diagnostic tests are suitable for Measuring Total Factor Productivity (TFP)?
I did the TFP estimation with Levinsohn Petrin (in R) but I have doubts about the diagnostic tests e.g. I know that the estimation of autocorrelation in residuals has to be done (it would be very ...
- 123
0
votes
0
answers
62
views
Reducing the working hours to 32 hours / week - how much it would affect the prices of commodities?
If the working hours would be reduced from 40 hours / week to 32 hours / week (4 days x 8 hours instead of 5 days x 8 hours), but maintaining the wages at the same levels, then I guess that the price ...
- 972
-1
votes
1
answer
49
views
Productivity issue
Could someone help with the following?
Company produces products of daily demand. It employs workers In number of 12 people (HER) Wages of workers. The costs of hiring and firing are 25 per employee, ...
