Sentences with phrase «total factor productivity»

Labor and total factor productivity increase exogenously over the model's time horizon.

The economic term is called total factor productivity - it measures how much stuff a country can produce given a certain amount of inputs (land, capital, labour, etc).

Structural reform and productivity: Our own in - depth research of Japanese total factor productivity demonstrates the widening gap between the manufacturing and services sector (alongside one even greater sectoral gap).

However, total factor productivity, which allows for changes in both labour and capital inputs into the production process, and is therefore a better measure of efficiency, is growing faster in the current recovery than in the corresponding phases of either of the two previous cycles (Box 2).

Among her pet projects is the analysis of heterogeneity in Japanese total factor productivity.

The rest is attributable to businesses having a lot less physical capital (such as machines and software) than was anticipated, and having unexpectedly low total factor productivity (the productivity of labor and capital).

«We find that industrial robots increase labour productivity, total factor productivity, and wages,» write lead researchers Georg Graetz, an assistant professor in the department of economics at Uppsala, and Guy Michaels, an associate professor in the department of economics at LSE.

Not exact matches

The apparent paradoxes of individual tree growth increasing with tree size despite declining leaf - level8, 9,10 and stand - level10 productivity can be explained, respectively, by increases in a tree's total leaf area that outpace declines in productivity per unit of leaf area and, among other factors, age - related reductions in population density.