This paper presents estimates of total factor productivity growth for 55 manufacturing industries over the period 1927 to 1959. The long-run rate of growth in TFB is about 1 per cent per year for total manufacturing, but there are considerable variations in TFP growth rates acros industries and over time. For total manufacturing the TFP growth rate was higher in the 1930s than in the 1950s. The first half of the 1950s are characterized by a high rate of output expansion but a marked slowdown in TFP growth, particularly in the export-oriented industries. Is is conjectured that TFP growth in the early 1950s was negatively affected by government regulations and overinvestment in real capital.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Paper provided by Norwegian School of Economics and Business Administration- in its series Papers with number
21/99.
Length: 36 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:norgee:21/99
Contact details of provider: Postal: NORWEGIAN SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION, HELLEVEIEN 30, 5035 BERGEN SANDVIKEN NORWAY. Phone: 5595 9000 Fax: 5595 9100 Email: Web page: http://www.nhh.no/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).