IDEAS home Printed from https://ideas.repec.org/a/prs/ecoprv/ecop_0249-4744_1989_num_91_5_5138.html
   My bibliography  Save this article

Demande de facteurs et productivité dans le long terme : l'apport des fonctions à capital quasi-fixe

Author

Listed:
  • Jean-Guy Devezeaux de Lavergne
  • Norbert Ladoux

Abstract

[eng] Production factor demand and long-term productivity : the contribution of the quasi-fixed capital production function, . by Jean-Guy Devezeaux de Lavergne, Norbert Ladoux.. . The fixed or quasi-fixed capital functions allow us to distinguish the short run from long run behaviour of the producer, which is not the case in the classical functions. The main contribution of this paper is the explicit calculation of the long run elasticities of substitution. As an empirical application, we estimate a translog quasi-fixed capital function for three sectors of the french economy. Our results show that it is impossible to consider, as it is sometimes done, that the elasticities computed through classical cost functions (in particular the capital-energy elasticity) are long run elasticities. In addition, we give an estimate of the utilization rate of the production capacity, as well as an estimate of the total factors productivity (which are not very different from that obtained when the capital stock is optimal). We also furnish an evaluation of productivity trends affecting each productive factor. Our results include the levels of significance of each computed variable. [fre] Demande de facteurs et productivité dans le long terme : l'apport des fonctions à capital quasi fixe, . par Jean-Guy Devezeaux de Lavergne, Norbert Ladoux.. . Contrairement aux formes flexibles traditionnelles, les fonctions à capital fixe (ou quasi fixe) permettent de distinguer les comportements de court terme des comportements de long terme du producteur. L'apport essentiel de cet article réside dans le calcul explicite des élasticités de long terme. L'application empirique consiste à estimer une fonction translog à capital fixe pour trois branches de l'économie française. Nos résultats montrent qu'il n'est pas possible, comme on le fait parfois, d'interpréter les élasticités calculées sur la base des fonctions translog classiques (en particulier, l'élasticité capital-énergie) comme des élasticités décrivant les comportements de long terme. Outre une évaluation du taux d'utilisation des capacités de production, les estimations de la productivité globale des facteurs (en fait peu affectée par la non-optimalité du capital), ainsi que des progrès techniques augmentant chacun d'eux, sont présentées. Les seuils de significativité des grandeurs calculées sont indiqués. [ger] Faktorennachfrage und Ertragsfähigkeit auf lange Sicht : der Beitrag der auf das Quasirealkapital bezogenen Funktionen, . von Jean-Guy Devezeaux de Lavergne, Norbert Ladoux.. . Im Gegensatz zu den traditionellen, flexiblen Formen erlauben die auf das Realkapital (oder Quasirealkapital) bezogenen Funktionen, die kurzfristigen von den langfnstigen Verhaltensweisen eines Herstellers zu unterscheiden. Der wesentliche Beitrag dieses Artikels liegt in der expliziten Ermittlung der langfristigen Elastizitäten. Die empinsche Anwendung besteht in der Schätzung einer auf das Realkapital bezogenen Translog-Funktion für drei Branchen der französischen Wirtschaft. Unsere Ergebnisse zeigen, dass es nicht möglich ist, wie es bisweilen vorkommt, die auf der Grundlage der klassischen Translog-Funktion errechneten Elastizitäten (insbesondere die Kapital-Energieelastizität) als langfristige Verhaltensweisen beschreibende Elastizitäten zu interpretieren. Ausser dem Auslastungsgrad der Produktionskapazitäten werden die globale Ertragsfähigkeit der Faktoren (die durch die Nichtoptimierung des Kapitals tatsächlich nur genngfügig betroffen wird) sowie die technischen Fortschntte, die deren Steigerung ermöglichen, geschätzt. Die Signifikanzschwellen der errechneten Grössen und Vanablen werden hervorgehoben. [spa] Demanda de factores y productividad a largo plazo : el aporte de las funciones con capital casi fijo, . por Jean-Guy Devezeaux de Lavergne, Norbert Ladoux.. . Contranamente a las funciones flexibles clásicas, las funciones con capital fijo (o casi fijo) permiten distingua los comportamientos de corto plazo de los comportamientos de largo plazo del productor. El aporte esencial de este artículo reside en el cálculo explícito de las elasticidades de largo plazo. La aplicación empírica consiste en estimar una función translog de capital fijo para tres ramas de la economía francesa. Nuestros resultados muestran que es imposible, como se hace en algunas ocasiones, interpretar las elasticidades calculadas en base a funciones translog clásicas (en particular, la elasticidad capital-energía) como elasticidades que descnben los comportamientos de largo plazo. Se presentan, además de una evaluación de la tasa de utilización de las capacidades de producción, las estimaciones de la productividad global de los factores (en realidad poco influenciada por la no optimalidad del capital), asi como los progresos técnicos que incrementan cada uno de ellos. Se indican los umbrales de significatividad de las magnitudes calculadas.

Suggested Citation

  • Jean-Guy Devezeaux de Lavergne & Norbert Ladoux, 1989. "Demande de facteurs et productivité dans le long terme : l'apport des fonctions à capital quasi-fixe," Économie et Prévision, Programme National Persée, vol. 91(5), pages 43-56.
  • Handle: RePEc:prs:ecoprv:ecop_0249-4744_1989_num_91_5_5138
    DOI: 10.3406/ecop.1989.5138
    Note: DOI:10.3406/ecop.1989.5138
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecop.1989.5138
    Download Restriction: no

    File URL: https://www.persee.fr/doc/ecop_0249-4744_1989_num_91_5_5138
    Download Restriction: no

    File URL: https://libkey.io/10.3406/ecop.1989.5138?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Morrison, Catherine J., 1986. "Productivity measurement with non-static expectations and varying capacity utilization : An integrated approach," Journal of Econometrics, Elsevier, vol. 33(1-2), pages 51-74.
    2. Berndt, Ernst R. & Fuss, Melvyn A., 1986. "Productivity measurement with adjustments for variations in capacity utilization and other forms of temporary equilibrium," Journal of Econometrics, Elsevier, vol. 33(1-2), pages 7-29.
    3. Morrison, Catherine J, 1986. "Structural Models of Dynamic Factor Demands with Nonstatic Expectations: An Empirical Assessment of Alternative Expectations Specifications," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(2), pages 365-386, June.
    4. Prucha, Ingmar R. & Nadiri, M. Ishaq, 1986. "A comparison of alternative methods for the estimation of dynamic factor demand models under non-static expectations," Journal of Econometrics, Elsevier, vol. 33(1-2), pages 187-211.
    5. Anderson, Richard G & Thursby, Jerry G, 1986. "Confidence Intervals for Elasticity Estimators in Translog Models," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 647-656, November.
    6. Henri Sterdyniak & Sanvi Avouyi-Dovi, 1986. "Une série de coût d'usage du capital," Revue de l'OFCE, Programme National Persée, vol. 15(1), pages 217-226.
    7. Browning, M J, 1983. "Necessary and Sufficient Conditions for Conditional Cost Functions," Econometrica, Econometric Society, vol. 51(3), pages 851-856, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alain Charmant & Jean Guy Devezeaux de Lavergne & Norbert Ladoux, 1990. "Énergie et productivité : un lien assez lâche," Économie et Statistique, Programme National Persée, vol. 237(1), pages 121-133.
    2. Jean-Guy Devezeaux de Lavergne, 1990. "Chocs pétroliers et industrie : apports récents de l'économétrie de la production," Économie et Prévision, Programme National Persée, vol. 96(5), pages 21-32.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. M. Ishaq Nadiri & Ingmar Prucha, 2001. "Dynamic Factor Demand Models and Productivity Analysis," NBER Chapters, in: New Developments in Productivity Analysis, pages 103-172, National Bureau of Economic Research, Inc.
    2. Prucha, Ingmar R. & Nadiri, M. Ishaq, 1996. "Endogenous capital utilization and productivity measurement in dynamic factor demand models Theory and an application to the U.S. electrical machinery industry," Journal of Econometrics, Elsevier, vol. 71(1-2), pages 343-379.
    3. Ingmar R. Prucha & M. Ishaq Nadiri, 1991. "Endogenous Capital Utilization and Productivity Measurement in Dynamic Factor Demand Models: Theory and an Application to the U.S. Electrical..," NBER Working Papers 3680, National Bureau of Economic Research, Inc.
    4. George Mergos & Giannis Karagiannis, 1997. "Sources Of Productivity Change Under Temporary Equilibrium And Application To Greek Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 313-329, January.
    5. Arnab Deb, 2013. "Economic Reforms, Capacity Utilization, and Productivity Growth in Indian Manufacturing," Alumni working papers 2013-05, University of Connecticut, Department of Economics.
    6. Guyomard, H. & Tavéra, C., 1990. "Technical change and agricultural supply-demand analysis problems of measurement and problems of interpretation," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 26.
    7. Matthew Andersen & Julian Alston & Philip Pardey, 2012. "Capital use intensity and productivity biases," Journal of Productivity Analysis, Springer, vol. 37(1), pages 59-71, February.
    8. Jean‐Christophe Bureau & Rolf Färe & Shawna Grosskopf, 1995. "A Comparison Of Three Nonparametric Measures Of Productivity Growth In European And United States Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 46(3), pages 309-326, September.
    9. Thijs ten Raa & Pierre Mohnen, 2009. "Neoclassical Growth Accounting and Frontier Analysis: A Synthesis," World Scientific Book Chapters, in: Input–Output Economics: Theory And Applications Featuring Asian Economies, chapter 19, pages 347-370, World Scientific Publishing Co. Pte. Ltd..
    10. Jean-Christophe Bureau & Jean-Pierre Butault & Jean-Marc Rousselle, 1989. "Les indices de productivité. Aspects méthodologiques et application à l'agriculture," Économie rurale, Programme National Persée, vol. 192(1), pages 88-94.
    11. J. Beaulieu & Joe Mattey, 1998. "The Workweek of Capital and Capital Utilization in Manufacturing," Journal of Productivity Analysis, Springer, vol. 10(2), pages 199-223, October.
    12. Giannis Karagiannis & George Mergos, 2000. "Total Factor Productivity Growth and Technical Change in a Profit Function Framework," Journal of Productivity Analysis, Springer, vol. 14(1), pages 31-51, July.
    13. R. Andrew Butters, 2020. "Demand Volatility, Adjustment Costs, and Productivity: An Examination of Capacity Utilization in Hotels and Airlines," American Economic Journal: Microeconomics, American Economic Association, vol. 12(4), pages 1-44, November.
    14. Arnab K. Deb, 2014. "Economic Reforms, Capacity Utilization and Productivity Growth in Indian Manufacturing," Global Business Review, International Management Institute, vol. 15(4), pages 719-746, December.
    15. Nadiri, M. Ishaq & Prucha, Ingmar R., 1990. "Dynamic factor demand models, productivity measurement, and rates of return: Theory and an empirical application to the US Bell System," Structural Change and Economic Dynamics, Elsevier, vol. 1(2), pages 263-289, December.
    16. Sarbapriya, Ray & Mihir, Kumar Pal, 2011. "An Application of Economic Capacity Utilization to the Measurement of Total Factor Productivity Growth: Empirical Evidence from Indian Fertilizer Industry," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 125-142, March.
    17. James Kirkley & Catherine Morrison Paul & Dale Squires, 2002. "Capacity and Capacity Utilization in Common-pool Resource Industries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 71-97, June.
    18. W. Diewert & Alice Nakamura, 2003. "Index Number Concepts, Measures and Decompositions of Productivity Growth," Journal of Productivity Analysis, Springer, vol. 19(2), pages 127-159, April.
    19. Lee, Jong-Kun, 1995. "Comparative performance of short-run capacity utilization measures," Economics Letters, Elsevier, vol. 48(3-4), pages 293-300, June.
    20. Alston, Julian M. & Andersen, Matthew A. & Pardey, Philip G., 2006. "Asset Utilization and Bias in Measures of U.S. Agricultural Productivity," 2006 Annual meeting, July 23-26, Long Beach, CA 21220, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:ecoprv:ecop_0249-4744_1989_num_91_5_5138. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/ecop .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.