Productivity dynamics: U.S. manufacturing plants, 1972-1986
AbstractThis 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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Bibliographic InfoPaper provided by Board of Governors of the Federal Reserve System (U.S.) in its series Finance and Economics Discussion Series with number 94-1.
Date of creation: 1994
Date of revision:
Other versions of this item:
- Bartelsman, E.J. & Dhrymes, P.J., 1991. "Productivity Dynamics: US Manufacturing Plants, 1972-1986," Discussion Papers 1991_50, Columbia University, Department of Economics.
- Phoebus Dhrymes & Eric Bartelsman, 1992. "Productivity Dynamics: U.S. Manufacturing Plants, 1972-1986," Working Papers 92-1, Center for Economic Studies, U.S. Census Bureau.
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- Shuyun May Li, 2008. "Employment Flows with Endogenous Financing Constraints," Department of Economics - Working Papers Series 1045, The University of Melbourne.
- Alvaro Escribano & Rodolfo Stucchi, 2008.
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