TFP Growth in British and German Manufacturing, 1950–1996
Bibliographic Data
| ID | 9714433 |
|---|---|
| Authors | Nicholas Crafts (0000-0002-1885-6240, London School of Economics and Political Science), Terence C Mills (0000-0003-3757-9338, Loughborough University) |
| Year | 2005 |
| Volume | 115 |
| Issue | 505 |
| Pages | 649-670 |
| Publication date | 2005-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2005.01013.x |
| OpenAlex | W2104661097 |
| Language | EN |
| Citations received | 10 |
| References cited | 32 |
The Paper considers the accuracy of traditional TFP growth estimates using an econometric methodology which takes account of scale economies, fixed factors of production and adjustment costs to reveal underlying ‘pure technological change’. The results suggest that these biases vary substantially over time but do not impact heavily on Anglo-German comparisons. In both countries the early post-war years are a period when adjustment costs from a rising supply price of capital goods hold down TFP growth below that which could have accrued from pure technological progress. As might be expected, this problem largely disappeared in the later globalization period
Business · Capital (architecture · Capital good · Economics · Economies of scale · Economy · Geography · German · Globalization · Goods and services · Macroeconomics · Manufacturing · Market economy · Microeconomics · Production (economics · Productivity · Scale (ratio · Technological change · Total factor productivity · Economic Growth and Productivity · Global trade and economics · Regional Development and Policy
Economic History Matters
Product and labour market imperfections in the Italian manufacturing sector
Aspects of Productivity
UK productivity performance from 1950 to 1979
British business history
The contribution of new technology to economic growth
British relative economic decline revisited
Output, Input and Productivity Measures at the Industry Level
Shifts in government business relations
An Empirical Analysis of the Effects of Consanguineous Marriages on Economic Development
Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms
Shocks to the System
Quasi-fixed Inputs in U.S. and Japanese Manufacturing
Unraveling the Productivity Growth Slowdown in the United States, Canada and Japan
Competition and Corporate Performance
The Relation between Price and Marginal Cost in U.S. Industry
Can Imperfect Competition Explain the Difference between Primal and Dual Productivity Measures? Estimates for U.S. Manufacturing
The Investment Decisions of Firms
Why Did UK Manufacturing Productivity Growth Slow Down in the 1970s and Speed Up in the 1980s
Industrialisation and the Basis for Trade
The Persistence of Profits
Competition and Innovation in 1950s Britain
Catching up or Falling behind? Italy's Economic Growth, 1895-1947
| Unique citing works | 10 |
|---|---|
| Citations per year | 0,43 |
| Citation span | 2003 - 2022 (20) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 10 |