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Productivity Dynamics: U.S. Manufacturing Plants, 1972-1986

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  • Phoebus Dhrymes
  • Eric Bartelsman

Abstract

This paper presents an analysis of the dynamics of total factor productivity measures for large plants in SICs 35, 36, and 38. Several TFP measures, derived from production functions and Solow type residuals, are computed and their behavior over time is compared, using various non-parametric tools. Aggregate TFP, which has grown substantially over the time period, is compared with average plant level TFP, which has declined or remained flat. Using transition matrices, the persistence of plant productivity is examined, and it is shown how the transition probabilities vary by industry, plant age, and other characteristics.

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File URL: ftp://ftp2.census.gov/ces/wp/1992/CES-WP-92-01.pdf
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Bibliographic Info

Paper provided by Center for Economic Studies, U.S. Census Bureau in its series Working Papers with number 92-1.

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Date of creation: Feb 1992
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Handle: RePEc:cen:wpaper:92-1

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Keywords: Total Factor Productivity; Transition Dynamics; Large Manufacturing Plants;

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Cited by:
  1. Shuyun May Li, 2008. "Employment Flows with Endogenous Financing Constraints," Department of Economics - Working Papers Series, The University of Melbourne 1045, The University of Melbourne.
  2. Shutao Cao, 2008. "A Model of Costly Capital Reallocation and Aggregate Productivity," Working Papers, Bank of Canada 08-38, Bank of Canada.
  3. Alvaro Escribano & Rodolfo Stucchi, 2008. "Catching up in total factor productivity through the business cycle : evidence from Spanish manufacturing surveys," Economics Working Papers we085125, Universidad Carlos III, Departamento de Economía.
  4. Sang V Nguyen & Robert H Mcguckin, 1995. "Exploring The Role Of Acquisition In The Performance Of Firms: Is The "Firm" The Right Unit Of Analysis?," Working Papers, Center for Economic Studies, U.S. Census Bureau 95-13, Center for Economic Studies, U.S. Census Bureau.
  5. Mahmut Yasar & Roderick Rejesus & Ilhami Mintemur, 2004. "Is there evidence of creative destruction in the Turkish manufacturing sector? Lessons from a cross-industry analysis of aggregate productivity growth," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 36(17), pages 1937-1945.

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