Interdependent Total Factor Productivity in an Input-Output model

 0 Người đánh giá. Xếp hạng trung bình 0

Tác giả: Thomas M Bombarde, Andrew L Krause

Ngôn ngữ: eng

Ký hiệu phân loại: 339.23 Input-output analysis (Interindustry analysis)

Thông tin xuất bản: 2023

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 201079

Comment: 25 pages, 1 figureIndustries learn productivity improvements from their suppliers. The observed empirical importance of these interactions, often omitted by input-output models, mandates larger attention. This article embeds interdependent total factor productivity (TFP) growth into a general non-parametric input-output model. TFP growth is assumed to be Cobb-Douglas in TFP-stocks of adjacent sectors, where elasticities are the input-output coefficients. Studying how the steady state of the system reacts to changes in research effort bears insight for policy and the input-output literature. First, industries higher in the supply chain see a greater multiplication of their productivity gains. Second, the presence of `laggard' industries can bottleneck the the rest of the economy. By deriving these insights formally, we review a canonical method for aggregating TFP -- Hulten's Theorem -- and show the potential importance of backward linkages.
Tạo bộ sưu tập với mã QR

THƯ VIỆN - TRƯỜNG ĐẠI HỌC CÔNG NGHỆ TP.HCM

ĐT: (028) 36225755 | Email: tt.thuvien@hutech.edu.vn

Copyright @2024 THƯ VIỆN HUTECH