Search results for "Multifactor productivity"
showing 4 items of 4 documents
Spain: A Success Story Shadowed Only by a Poor Productivity Performance
2007
Since joining the European Union in 1986, the performance of the Spanish economy has been quite remarkable, acting as a good example for new entrants of what can be accomplished in twenty years. Its ability to generate employment has been astonishing. Departing from an environment of very high unemployment (close to 25 per cent), Spain has become the country of destination most preferred by immigrants. However, it has also had a scant productivity performance. The main burden on productivity growth lies with the construction sector and almost all private service sectors with the unique exception of the financial sector. Most likely, over the next years, the continuity of the Spanish success…
Product and Labour Market Regulations, Production Prices, Wages and Productivity
2016
ACLN; International audience; This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression equation on an industry*country panel, with controls for country*industry and country*year fixed effects, show that multi-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted average of industrial prices from other industries, and by indicators of country wages weighted by industry labour shares for low and high skilled workers. In a second stage, …
Development and application of the Hicks-Moorsteen productivity index for the total factor productivity assessment of wastewater treatment plants
2015
Abstract The assessment of the productivity change in wastewater treatment plants is essential to improve performance and reduce operational costs. Several indices are available to compute unit productivity, however some assessments are more reliable than others. In the absence of price data, the Malmquist productivity index is the most commonly applied; but it does not maintain total factor productivity properties under variable returns to scale technology. Hence, Malmquist productivity index is not a suitable index to compute total factor productivity change in wastewater treatment plants. The present study served to overcome such limitations by calculating, for the first time, total fact…
The Export-Productivity Link in Brazilian Manufacturing Firms
2015
This paper explores the link between exports and total factor productivity in Brazilian manufacturing firms over the period 2000–08. The Brazilian experience is instructive, as it is a case of an economy that expanded aggregate exports significantly, but with stagnant aggregate growth in total factor productivity. The paper first estimates firm-level total factor productivity under alternative assumptions (exogenous and endogenous law of motion for productivity) following a GMM procedure. In turn, the analysis uses stochastic dominance techniques to assess whether the ex ante most productive firms are those that start exporting (self-selection hypothesis). Finally, the paper tests whether e…