An empirical test of marginal productivity theory
Author
Abstract
Suggested Citation
DOI: 10.1080/00036846.2013.864042
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Hellerstein, Judith K & Neumark, David, 1999.
"Sex, Wages, and Productivity: An Empirical Analysis of Israeli Firm-Level Data,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(1), pages 95-123, February.
- Hellerstein, J-K & Neumark, D, 1995. "Sex, Wages, and Productivity : an Empirical Analysis of Israeli, Firm-Level Data," Papers 9501, Michigan State - Econometrics and Economic Theory.
- Nina Pavcnik, 2002.
"Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(1), pages 245-276.
- Nina Pavcnik, 2000. "Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants," NBER Working Papers 7852, National Bureau of Economic Research, Inc.
- Marco Malgarini & Massimo Mancini & Lia Pacelli, 2013.
"Temporary hires and innovative investments,"
Applied Economics, Taylor & Francis Journals, vol. 45(17), pages 2361-2370, June.
- Marco Malgarini & Massimo Mancini & Lia Pacelli, 2011. "Temporary hires and innovative investments," Working papers 19, Former Department of Economics and Public Finance "G. Prato", University of Torino.
- Batra, Raveendra N & Ullah, Aman, 1974. "Competitive Firm and the Theory of Input Demand under Price Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 537-548, May/June.
- Liu, Lili, 1993. "Entry-exit, learning, and productivity change Evidence from Chile," Journal of Development Economics, Elsevier, vol. 42(2), pages 217-242, December.
- Griliches, Zvi & Hausman, Jerry A., 1986.
"Errors in variables in panel data,"
Journal of Econometrics, Elsevier, vol. 31(1), pages 93-118, February.
- Zvi Griliches & Jerry A. Hausman, 1984. "Errors in Variables in Panel Data," NBER Technical Working Papers 0037, National Bureau of Economic Research, Inc.
- Douglas Gollin, 2002.
"Getting Income Shares Right,"
Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
- Douglas Gollin, 2001. "Getting Income Shares Right," Department of Economics Working Papers 2001-11, Department of Economics, Williams College.
- Basu, Susanto & Fernald, John G., 1995.
"Are apparent productive spillovers a figment of specification error?,"
Journal of Monetary Economics, Elsevier, vol. 36(1), pages 165-188, August.
- Basu, S. & Fernald, J.G., 1993. "Are Apparent Productive Spillovers a Figment of Specification Error," Papers 93-22, Michigan - Center for Research on Economic & Social Theory.
- Susanto Basu & John G. Fernald, 1995. "Are Apparent Productive Spillovers a Figment of Specification Error?," NBER Working Papers 5073, National Bureau of Economic Research, Inc.
- Susanto Basu & John G. Fernald, 1994. "Are apparent productive spillovers a figment of specification error?," International Finance Discussion Papers 463, Board of Governors of the Federal Reserve System (U.S.).
- Jeffrey M. Wooldridge, 2005. "Fixed-Effects and Related Estimators for Correlated Random-Coefficient and Treatment-Effect Panel Data Models," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 385-390, May.
- Bregman, Arie & Fuss, Melvyn & Regev, Haim, 1995. "The production and cost structure of Israeli industry Evidence from individual firm data," Journal of Econometrics, Elsevier, vol. 65(1), pages 45-81, January.
- Oulton, Nicholas, 1996. "Increasing Returns and Externalities in UK Manufacturing: Myth or Reality?," Journal of Industrial Economics, Wiley Blackwell, vol. 44(1), pages 99-113, March.
- Basu, Susanto & Fernald, John G, 1997.
"Returns to Scale in U.S. Production: Estimates and Implications,"
Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 249-283, April.
- Susanto Basu & John G. Fernald, 1996. "Returns to scale in U.S. production: estimates and implications," International Finance Discussion Papers 546, Board of Governors of the Federal Reserve System (U.S.).
- Robert Inklaar, 2007.
"Cyclical Productivity in Europe and the United States: Evaluating the Evidence on Returns to Scale and Input Utilization,"
Economica, London School of Economics and Political Science, vol. 74(296), pages 822-841, November.
- Inklaar, Robert, 2005. "Cyclical productivity in Europe and the United States, evaluating the evidence on returns to scale and input utilization," GGDC Research Memorandum 200574, Groningen Growth and Development Centre, University of Groningen.
- Inklaar, Robert, 2006. "Cyclical Productivity in Europe and the United States, Evaluating the Evidence on Returns to Scale and Input Utilization," CEPR Discussion Papers 5501, C.E.P.R. Discussion Papers.
- Assar Lindbeck & Dennis J. Snower, 1987.
"Efficiency Wages Versus Insiders and Outsiders,"
Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 657-666,
Springer.
- Lindbeck, Assar & Snower, Dennis J., 1987. "Efficiency wages versus insiders and outsiders," European Economic Review, Elsevier, vol. 31(1-2), pages 407-416.
- Lindbeck, Assar & Snower, Dennis J., 1986. "Efficiency Wages Versus Insiders and Outsiders," CEPR Discussion Papers 133, C.E.P.R. Discussion Papers.
- Westbrook, M Daniel & Tybout, James R, 1993. "Estimating Returns to Scale with Large, Imperfect Panels: An Application to Chilean Manufacturing Industries," The World Bank Economic Review, World Bank, vol. 7(1), pages 85-112, January.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1995.
"Capital Utilization and Returns to Scale,"
NBER Chapters, in: NBER Macroeconomics Annual 1995, Volume 10, pages 67-124,
National Bureau of Economic Research, Inc.
- Burnside, Craig & Eichenbaum, Martin & Rebelo, Sérgio, 1995. "Capital Utilization and Returns to Scale," CEPR Discussion Papers 1221, C.E.P.R. Discussion Papers.
- Craig Burnside & Martin S. Eichenbaum & Sergio Rebelo, 1995. "Capital utilization and returns to scale," Working Paper Series, Macroeconomic Issues 95-5, Federal Reserve Bank of Chicago.
- Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1995. "Capital Utilization and Returns to Scale," NBER Working Papers 5125, National Bureau of Economic Research, Inc.
- Burnside, C & Eichenbaum, M & Rebelo, S, 1995. "Capital Utilization and Returns to Scale," RCER Working Papers 402, University of Rochester - Center for Economic Research (RCER).
- M. Bronfenbrenner & Paul H. Douglas, 1939. "Cross-Section Studies in the Cobb-Douglas Function," Journal of Political Economy, University of Chicago Press, vol. 47(6), pages 761-761.
- G. C. Archibald, 1960. "Testing Marginal Productivity Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 27(3), pages 210-213.
- James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 317-341.
- Peter T. Gottschalk, 1978. "A Comparison of Marginal Productivity and Earnings by Occupation," ILR Review, Cornell University, ILR School, vol. 31(3), pages 368-378, April.
- Hellerstein, Judith K & Neumark, David & Troske, Kenneth R, 1999.
"Wages, Productivity, and Worker Characteristics: Evidence from Plant-Level Production Functions and Wage Equations,"
Journal of Labor Economics, University of Chicago Press, vol. 17(3), pages 409-446, July.
- Judith K. Hellerstein & David Neumark & Kenneth R. Troske, 1996. "Wages, Productivity, and Worker Characteristics: Evidence from Plant-Level Production Functions and Wage Equations," NBER Working Papers 5626, National Bureau of Economic Research, Inc.
- Maria Caterina Bramati & Christophe Croux, 2007. "Robust estimators for the fixed effects panel data model," Econometrics Journal, Royal Economic Society, vol. 10(3), pages 521-540, November.
- Sang V Nguyen & Arnold P Reznek, 1990. "Returns to Scale in Small and Large U.S. Manufacturing Establishments," Working Papers 90-11, Center for Economic Studies, U.S. Census Bureau.
- J. L. Stein, 1958. "The Predictive Accuracy of the Marginal Productivity Theory of Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 25(3), pages 182-189.
- Swamy, P A V B, 1970.
"Efficient Inference in a Random Coefficient Regression Model,"
Econometrica, Econometric Society, vol. 38(2), pages 311-323, March.
- Tom Doan, "undated". "SWAMY: RATS procedure to compute a GLS matrix weighted estimator for a panel data set," Statistical Software Components RTS00206, Boston College Department of Economics.
- repec:bla:scandj:v:87:y:1985:i:2:p:411-28 is not listed on IDEAS
- Grace T. Gunn & Paul H. Douglas, 1942. "The Production Function for American Manufacturing for 1914," Journal of Political Economy, University of Chicago Press, vol. 50(4), pages 595-595.
- Alan Manning & Ted To, 2002. "Oligopsony and Monopsonistic Competition in Labor Markets," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 155-174, Spring.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Thomas Ziesemer, 2023.
"Labour-augmenting technical change data for alternative elasticities of substitution: growth, slowdown, and distribution dynamics,"
Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 32(4), pages 449-475, May.
- Ziesemer, Thomas, 2021. "Labour-augmenting technical change data for alternative elasticities of substitution, growth, slowdown, and distribution dynamics," MERIT Working Papers 2021-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Ihor Kendiukhov, 2024. "Present Value of the Future Consumer Goods Multiplier," Papers 2402.01938, arXiv.org.
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.- Biewen, Martin & Weiser, Constantin, 2011. "A New Approach to Testing Marginal Productivity Theory," IZA Discussion Papers 6113, Institute of Labor Economics (IZA).
- Kee Hiau Looi, 2004. "Estimating Productivity When Primal and Dual TFP Accounting Fail: An Illustration Using Singapore's Industries," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-40, October.
- Ezra Oberfield, 2013.
"Productivity and Misallocation During a Crisis: Evidence from the Chilean Crisis of 1982,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 100-119, January.
- Ezra Oberfield, 2012. "Online Appendix to "Productivity and Misallocation During a Crisis: Evidence from the Chilean Crisis of 1982"," Online Appendices 11-215, Review of Economic Dynamics.
- Ezra Oberfield, 2012. "Code and data files for "Productivity and Misallocation During a Crisis: Evidence from the Chilean Crisis of 1982"," Computer Codes 11-215, Review of Economic Dynamics.
- Jozef Konings & Stijn Vanormelingen, 2015.
"The Impact of Training on Productivity and Wages: Firm-Level Evidence,"
The Review of Economics and Statistics, MIT Press, vol. 97(2), pages 485-497, May.
- Konings, Jozef & ,, 2009. "The Impact of Training on Productivity and Wages: Firm Level Evidence," CEPR Discussion Papers 7473, C.E.P.R. Discussion Papers.
- Konings, Jozef & Vanormelingen, Stijn, 2010. "The Impact of Training on Productivity and Wages: Firm Level Evidence," IZA Discussion Papers 4731, Institute of Labor Economics (IZA).
- Markus Eberhardt & Francis Teal, 2008.
"Modeling Technology and Technological Change in Manufacturing: How do Countries Differ?,"
CSAE Working Paper Series
2008-12, Centre for the Study of African Economies, University of Oxford.
- Francis Teal & Markus Eberhardt, 2010. "Productivity Analysis in Global Manufacturing Production," Economics Series Working Papers 515, University of Oxford, Department of Economics.
- Eberhardt, Markus & Teal, Francis, 2008. "Modeling technology and technological change in manufacturing: how do countries differ?," MPRA Paper 10690, University Library of Munich, Germany.
- Dobbelaere, Sabien & Kiyota, Kozo & Mairesse, Jacques, 2015.
"Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands,"
Journal of Comparative Economics, Elsevier, vol. 43(2), pages 290-322.
- Sabien DOBBELAERE & KIYOTA Kozo & Jacques MAIRESSE, 2012. "Product and Labor Market Imperfections and Scale Economies: Micro-evidence on France, Japan and the Netherlands," Discussion papers 12020, Research Institute of Economy, Trade and Industry (RIETI).
- Sabien Dobbelaere & Kozo Kiyota & Jacques Mairesse, 2013. "Product and Labor Market Imperfections and Scale Economies: Micro-Evidence on France, Japan and the Netherlands," Tinbergen Institute Discussion Papers 13-037/VII, Tinbergen Institute.
- Sabien Dobbelaere & Kozo Kiyota & Jacques Mairesse, 2013. "Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands," NBER Working Papers 19059, National Bureau of Economic Research, Inc.
- Dobbelaere, Sabien & Kiyota, Kozo & Mairesse, Jacques, 2013. "Product and Labor Market Imperfections and Scale Economies: Micro-Evidence on France, Japan and the Netherlands," IZA Discussion Papers 7253, Institute of Labor Economics (IZA).
- Alan Harding & Måns Söderbom & Francis Teal, 2004.
"Survival and Success among African Manufacturing Firms,"
CSAE Working Paper Series
2004-05, Centre for the Study of African Economies, University of Oxford.
- Alan Harding & Måns Söderbom & Francis Teal, 2004. "Survival and Success among African Manufacturing Firms," Development and Comp Systems 0409046, University Library of Munich, Germany.
- Daniel A. Ackerberg & Kevin Caves & Garth Frazer, 2015. "Identification Properties of Recent Production Function Estimators," Econometrica, Econometric Society, vol. 83, pages 2411-2451, November.
- David Greenstreet, 2007. "Exploiting Sequential Learning to Estimate Establishment-Level Productivity Dynamics and Decision Rules," Economics Series Working Papers 345, University of Oxford, Department of Economics.
- Gustavo González, 2022. "Commodity price shocks, factor utilization, and productivity dynamics," Working Papers Central Bank of Chile 939, Central Bank of Chile.
- Héctor Salgado Banda & Lorenzo Bernal Verdugo, 2011.
"Multifactor productivity and its determinants: an empirical analysis for Mexican manufacturing,"
Journal of Productivity Analysis, Springer, vol. 36(3), pages 293-308, December.
- Salgado Banda Héctor & Bernal Verdugo Lorenzo E., 2007. "Multifactor Productivity and its Determinants: An Empirical Analysis for Mexican Manufacturing," Working Papers 2007-09, Banco de México.
- Matthias Kehrig, 2011.
"The Cyclicality of Productivity Dispersion,"
2011 Meeting Papers
484, Society for Economic Dynamics.
- Matthias Kehrig, 2011. "The Cyclicality of Productivity Dispersion," Working Papers 11-15, Center for Economic Studies, U.S. Census Bureau.
- Chen, Xi & Plotnikova, Tatiana, 2014. "Retrieving initial capital distributions from panel data," MPRA Paper 61154, University Library of Munich, Germany.
- Jesus Felipe & John S.L. McCombie, 2013. "The Aggregate Production Function and the Measurement of Technical Change," Books, Edward Elgar Publishing, number 1975.
- Markus Eberhardt & Christian Helmers, 2010. "Untested Assumptions and Data Slicing: A Critical Review of Firm-Level Production Function Estimators," Economics Series Working Papers 513, University of Oxford, Department of Economics.
- Ackerberg, Daniel & Caves, Kevin & Frazer, Garth, 2006. "Structural identification of production functions," MPRA Paper 38349, University Library of Munich, Germany.
- Bill Dupor, 2005.
"Keynesian Conundrum: Multiplicity and Time Consistent Stabilization,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(1), pages 154-177, January.
- Bill Dupor, 1999. "Keynesian conundrum: multiplicity and time consistent stabilization," Discussion Paper / Institute for Empirical Macroeconomics 131, Federal Reserve Bank of Minneapolis.
- Amit Gandhi & Salvador Navarro & David Rivers, 2011.
"On the Identification of Production Functions: How Heterogeneous is Productivity?,"
University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers
20119, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
- Salvador Navarro & David Rivers & Amit Gandhi, 2012. "On the Identification of Production Functions: How Heterogeneous is Productivity?," 2012 Meeting Papers 105, Society for Economic Dynamics.
- Sharon G. Harrison, 2003. "Returns to Scale and Externalities in the Consumption and Investment Sectors," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 963-976, October.
- Van Biesebroeck, Johannes, 2011.
"Wages Equal Productivity. Fact or Fiction? Evidence from Sub Saharan Africa,"
World Development, Elsevier, vol. 39(8), pages 1333-1346, August.
- Johannes Van Biesebroeck, 2003. "Wages Equal Productivity: Fact or Fiction?," NBER Working Papers 10174, National Bureau of Economic Research, Inc.
- Johannes Van Biesebroeck, 2007. "Wages Equal Productivity. Fact or Fiction?," Working Papers tecipa-294, University of Toronto, Department of Economics.
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:taf:applec:v:46:y:2014:i:9:p:996-1020. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.