Searching for the "Productivity Slowdown"
Some Surprising Findings from West German Manufacturing
Bibliographic Data
| ID | 19316210 |
|---|---|
| Authors | Gebhard Flaig, Viktor Steiner |
| Year | 1993 |
| Volume | 75 |
| Issue | 1 |
| Pages | 57 |
| Publication date | 1993-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2109626 |
| OpenAlex | W1891306034 |
| Language | EN |
| Citations received | 1 |
The authors test the hypothesis of a negative long-term trend and/or a structural break in total factor productivi ty after the first oil price shock for West German manufacturing industries within an econometric model based on a flexible cost function with capital as a quasi-fixed factor. After adjusting total factor productivity growth for scale economies and varying capacity utilization, this hypothesis is not supported by their empirical findings for the grea t majority of industries studied, whereas the hypothesis that the (log-)level of total factor productivity follows a random walk with drift is not rejected by various statistical tests. Copyright 1993 by MIT Press
Business · Capital (architecture) · Econometrics · Economics · Economies of scale · Geography · German · International trade · Macroeconomics · Manufacturing · Microeconomics · Monetary economics · Panel data · Productivity · Shock (circulatory) · Slowdown · Total factor productivity · Economic Growth and Productivity · Economic theories and models · Monetary Policy and Economic Impact
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.04 |
| Citation span | 2000 - 2000 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |