Relating the Knowledge Production Function to Total Factor Productivity

Relating the Knowledge Production Function to Total Factor Productivity

Author: Mr.Yasser Abdih

Publisher: INTERNATIONAL MONETARY FUND

Published: 2005-04-01

Total Pages: 0

ISBN-13: 9781451860931

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The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second captures a long-run positive relationship between TFP and the knowledge stock. The results indicate the presence of strong intertemporal knowledge spillovers and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted in light of existing theoretical and empirical evidence on endogenous growth.


Relating the Knowledge Production Function to Total Factor Productivity

Relating the Knowledge Production Function to Total Factor Productivity

Author: Yasser Abdih

Publisher:

Published: 2005

Total Pages: 46

ISBN-13:

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The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second captures a long-run positive relationship between TFP and the knowledge stock. The results indicate the presence of strong intertemporal knowledge spillovers and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted in light of existing theoretical and empirical evidence on endogenous growth.


New Developments in Productivity Analysis

New Developments in Productivity Analysis

Author: Charles R. Hulten

Publisher: University of Chicago Press

Published: 2007-11-01

Total Pages: 648

ISBN-13: 0226360644

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The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.


Full Industry Equilibrium

Full Industry Equilibrium

Author: Arrigo Opocher

Publisher: Cambridge University Press

Published: 2015-05-28

Total Pages: 233

ISBN-13: 1107097797

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This original book develops a systematic zero-net-profit comparative statics theory to shed new light on the microeconomics of industry equilibrium.


IMF Staff Papers, Volume 53, No. 2

IMF Staff Papers, Volume 53, No. 2

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 2006-06-29

Total Pages: 166

ISBN-13: 9781589065178

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Noteworthy among the six papers appearing in this latest issue of the IMF's peer-reviewed journal is another installment in the Special Data Section. Anthony Pellechio and John Cady from the IMF's Statistics Department take a close look at differences in IMF data; how and when they could occur; and what the implications of such differences might be for end-users of the IMF's data.


IMF Staff Papers, Volume 53, No. 3

IMF Staff Papers, Volume 53, No. 3

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 2006-12-15

Total Pages: 183

ISBN-13: 1589065816

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This is the final issue for 2006 (Volume 53), and contains another paper in the occasional Special Data Section that seeks to measure financial development in the Middle East and North Africa by utilizing a new database. The issue also contains a comment from Jacques J. Polak on parity reversion in real exchange rates.


IMF-Supported Programs

IMF-Supported Programs

Author: Mr.Ashoka Mody

Publisher: International Monetary Fund

Published: 2006-04-03

Total Pages: 184

ISBN-13: 9781589063617

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Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.


Software Engineering and Knowledge Engineering: Theory and Practice

Software Engineering and Knowledge Engineering: Theory and Practice

Author: Yanwen Wu

Publisher: Springer Science & Business Media

Published: 2012-01-16

Total Pages: 1100

ISBN-13: 3642037178

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The volume includes a set of selected papers extended and revised from the I2009 Pacific-Asia Conference on Knowledge Engineering and Software Engineering (KESE 2009) was held on December 19~ 20, 2009, Shenzhen, China. Volume 1 is to provide a forum for researchers, educators, engineers, and government officials involved in the general areas of Computer and Software Engineering to disseminate their latest research results and exchange views on the future research directions of these fields. 140 high-quality papers are included in the volume. Each paper has been peer-reviewed by at least 2 program committee members and selected by the volume editor Prof. Yanwen Wu. On behalf of this volume, we would like to express our sincere appreciation to all of authors and referees for their efforts reviewing the papers. Hoping you can find lots of profound research ideas and results on the related fields of Computer and Software Engineering.


Knowledge-based Economies

Knowledge-based Economies

Author: Władysław Welfe

Publisher: Peter Lang

Published: 2009

Total Pages: 220

ISBN-13: 9783631579817

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Growth of «new» market economies is associated with rapid expansion of knowledge capital. It leads to the emergence of knowledge-based economies. As the literature broadly uses international cross-section samples to study the role of knowledge capital, we tried to recapitulate on the results of this research. However, our main aim was to show how they can be applied to analyse the growth of single economies and develop scenarios for the next 20 to 30 years. Extended production functions with endogenous TFP determined by knowledge capital generate potential output that may considerably differ from effective output. This calls for constructing complete models, addressing both final demand and total supplies. Their suggested structure is presented using the annual long-term macro-econometric models W8D of Polish economy.