Three Essays on Productivity (RLE: Business Cycles)

The Impacts of Profitability, Business Cycles and the Capital Stock on Productivity

Mark J. Lasky (Autor)

Buch | Softcover

190 Seiten

2016
Routledge (Verlag)
978-1-138-88628-5 (ISBN)

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The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.

Mark J. Lasky

1. Do Low Profits Stimulate Productivity Growth? 2. Deferred Marginal Cost: An Explanation for High Estimated Markups 3. Simultaneity in Freely Estimated Production Functions.

Erscheinungsdatum	11.12.2016
Reihe/Serie	Routledge Library Editions: Business Cycles
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	294 g
Themenwelt	Wirtschaft ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	1-138-88628-9 / 1138886289
ISBN-13	978-1-138-88628-5 / 9781138886285
Zustand	Neuware