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Three Essays on Productivity (RLE: Business Cycles)

Name: Three Essays on Productivity (RLE: Business Cycles)
Brand: Taylor & Francis Ltd
SKU: 03027922
Price: 81.19 EUR
Availability: InStock
Author: Mark J. Lasky
ISBN: 9781138861077

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

Mark J. Lasky

Lingua

Inglese

Libro Rigido

Codice Libristo: 03027922

Casa editrice Taylor & Francis Ltd, marzo 2015

The behaviour of US productivity since this book was originally published in 1994, has added new rel... Descrizione completa

Codice Libristo: 03027922

199 b

81.19 €

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The behaviour of US productivity since this book was originally published in 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.