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Improving the estimation of total factor productivity growth: capital operating time in a latent variable approach

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  • Luc Everaert
  • Francisco Simone

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  • Luc Everaert & Francisco Simone, 2007. "Improving the estimation of total factor productivity growth: capital operating time in a latent variable approach," Empirical Economics, Springer, vol. 33(3), pages 449-468, November.
  • Handle: RePEc:spr:empeco:v:33:y:2007:i:3:p:449-468
    DOI: 10.1007/s00181-006-0109-y
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Shapiro, Matthew D, 1993. "Cyclical Productivity and the Workweek of Capital," American Economic Review, American Economic Association, vol. 83(2), pages 229-233, May.
    3. Miles S. Kimball & John G. Fernald & Susanto Basu, 2006. "Are Technology Improvements Contractionary?," American Economic Review, American Economic Association, vol. 96(5), pages 1418-1448, December.
    4. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    5. Jorgenson, Dale W., 1966. "The Embodiment Hypothesis," Scholarly Articles 3403063, Harvard University Department of Economics.
    6. Harberger, Arnold C, 1998. "A Vision of the Growth Process," American Economic Review, American Economic Association, vol. 88(1), pages 1-32, March.
    7. Marianne Baxter & Dorsey D. Farr, 2001. "The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity: Some International Evidence," NBER Working Papers 8475, National Bureau of Economic Research, Inc.
    8. Carol Corrado & Joe Mattey, 1997. "Capacity Utilization," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 151-167, Winter.
    9. Greenwood, Jeremy & Hercowitz, Zvi & Huffman, Gregory W, 1988. "Investment, Capacity Utilization, and the Real Business Cycle," American Economic Review, American Economic Association, vol. 78(3), pages 402-417, June.
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    Citations

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    Cited by:

    1. Mark Smith & Stefan Zagelmeyer, 2010. "Working time management and SME performance in Europe," International Journal of Manpower, Emerald Group Publishing, vol. 31(4), pages 392-409, July.
    2. Michalô °€ Brzozowski, 2020. "Impact of Credit Market Development and Stability on Productivity: New Evidence from the Industry Level," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 111-129, May.

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    More about this item

    Keywords

    Capital stock utilization; Total factor productivity; E32; E22; E24; E27;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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