dc.contributor.author | Bernstein, Jeffrey I. | en |
dc.contributor.author | Mamuneas, Theofanis P. | en |
dc.contributor.author | Pashardes, Panos | en |
dc.creator | Bernstein, Jeffrey I. | en |
dc.creator | Mamuneas, Theofanis P. | en |
dc.creator | Pashardes, Panos | en |
dc.date.accessioned | 2019-05-03T05:21:51Z | |
dc.date.available | 2019-05-03T05:21:51Z | |
dc.date.issued | 2004 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47142 | |
dc.description.abstract | This paper establishes that new inputs increase technical efficiency levels for U.S. manufacturing. Over the period 1950-1998, intermediate inputs exhibited higher rates of efficiency growth than labor and capital. Efficiency-adjusted productivity growth annually averaged 0.4 percentage points above measured growth. The gap between efficiency-adjusted and measured productivity growth arises from aggregating inputs using observed, and not efficiency-adjusted, cost share weights in the calculation of measured growth. Specifically, the decline in efficiency-adjusted material cost shares, compared to the measured shares, coupled with the comparatively high material input growth rate, was the main source of the productivity gap. | en |
dc.language.iso | eng | en |
dc.source | Review of Economics and Statistics | en |
dc.title | Technical efficiency and U.S. Manufacturing productivity growth | en |
dc.type | info:eu-repo/semantics/article | |
dc.identifier.doi | 10.1162/003465304323023903 | |
dc.description.volume | 86 | |
dc.description.startingpage | 402 | |
dc.description.endingpage | 412 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Mamuneas, Theofanis P. [0000-0002-8426-2141] | |
dc.description.totalnumpages | 402-412 | |
dc.gnosis.orcid | 0000-0002-8426-2141 | |