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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2020.1
- 수록면
- 171 - 185 (15page)
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초록· 키워드
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By utilising a dynamic adjustment-cost framework, this study analyses dynamic productivity growth in the Japanese manufacturing industry. Empirical results show that labour and capital are very slow in converging toward the long-run equilibrium, and that output supply and factor demand elasticities vary greatly, depending on the time horizon considered. The results also show that disequilibrium effects of quasi-fixed factors are positively biased toward productivity growth measured in a static equilibrium model. The bias results largely from negative adjustment costs related to the decreasing investment in the factors. There is an almost steady decrease in returns to scale, causing negative scale effects on productivity growth.
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참고문헌 (30)
참고문헌 신청
Basu, S / 1996 / Procyclical Productivity: Increasing Returns or Cyclical Utilization / The Quarterly Journal of Economics 111:719~751
Berndt, E. R. / 1981 / Productivity Measurement Using Capital Asset Valuation to Adjust for Variations in Utilization
Berndt, E. R. / 1986 / Productivity Measurement with Adjustments for Variations in Capacity Utilization and Other Forms of Temporary Equilibrium / Journal of Econometrics 33:7~29
Berndt, E. R. / 1981 / Model and Measuring Natural Resource Substitution / MIT Press :230~258
Blackorby, C. / 1982 / Aggregate Investment and Consistent Intertemporal Technologies / The Review of Economic Studies 49:595~614
Berndt, E. R. / 1981 / Productivity Measurement Using Capital Asset Valuation to Adjust for Variations in Utilization
Berndt, E. R. / 1986 / Productivity Measurement with Adjustments for Variations in Capacity Utilization and Other Forms of Temporary Equilibrium / Journal of Econometrics 33:7~29
Berndt, E. R. / 1981 / Model and Measuring Natural Resource Substitution / MIT Press :230~258
Blackorby, C. / 1982 / Aggregate Investment and Consistent Intertemporal Technologies / The Review of Economic Studies 49:595~614
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