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Capital Operating Time and total Factor Productivity Growth in France


  • Francisco d Nadal De Simone
  • Luc Everaert


Data on the weekly operating time of capital improve the measurement of effective capital input in production. The production function of the French business sector is found to be consistent with a Cobb-Douglas technology under constant returns to scale. Total factor productivity growth, estimated as an unobservable variable, has declined steadily since the late 1970s, but more slowly since 1994. During the 1990s, a secular increase in shift work raised the operating time of capital and began to contribute positively to growth, albeit only slightly.

Suggested Citation

  • Francisco d Nadal De Simone & Luc Everaert, 2003. "Capital Operating Time and total Factor Productivity Growth in France," IMF Working Papers 03/128, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:03/128

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    References listed on IDEAS

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    Cited by:

    1. Andreas Billmeier, 2006. "Measuring a Roller Coaster: Evidence on the Finnish Output Gap," Finnish Economic Papers, Finnish Economic Association, vol. 19(2), pages 69-83, Autumn.
    2. Andreas Billmeier, 2004. "Ghostbusting; Which Output Gap Measure Really Matters?," IMF Working Papers 04/146, International Monetary Fund.
    3. Andreas Billmeier, 2009. "Ghostbusting: which output gap really matters?," International Economics and Economic Policy, Springer, vol. 6(4), pages 391-419, December.
    4. International Monetary Fund, 2006. "France; Selected Issues," IMF Staff Country Reports 06/390, International Monetary Fund.


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