| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6877 |
| 来源ID | Working Paper 6877 |
| Factor Adjustment, Quality Change, and Productivity Growth for U.S. Manufacturing | |
| Jeffrey I. Bernstein; Theofanis P. Mamuneas; Panos Pashardes | |
| 发表日期 | 1999 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper accounts for quality improvements and adjustment costs in all inputs to U.S. manufacturing production. Adjustment processes for non-capital inputs are slower than previously recognized. Annual adjustment percentages are: labor 77, capital 30, energy 20, and materials 21. Factor prices should be adjusted for quality improvements to reflect higher marginal products. The percentage increases in marginal products from quality improvements are: labor 0.25, capital 0.30, energy 2.13, and materials 0.92. Observed input growth should be adjusted for quality improvements. Unadjusted input growth causes efficiency-based productivity growth rates to exceed observed productivity growth in the slowdown period of 1974 - 1995. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution |
| URL | https://www.nber.org/papers/w6877 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564388 |
| 推荐引用方式 GB/T 7714 | Jeffrey I. Bernstein,Theofanis P. Mamuneas,Panos Pashardes. Factor Adjustment, Quality Change, and Productivity Growth for U.S. Manufacturing. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6877.pdf（1261KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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