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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Productivity Growth And The New Economy, William D. Nordhaus
Productivity Growth And The New Economy, William D. Nordhaus
Cowles Foundation Discussion Papers
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops data on total output, business sector output, and “well-measured” output, and relying on income-side data, provides a useful supplement to existing data sets. Second, there has clearly been a rebound in labor-productivity growth in recent years. All three sectoral definitions show a major acceleration in labor productivity in the last three years of the period (1996-98) relative to …
New Data And Output Concepts For Understanding Productivity Trends, William D. Nordhaus
New Data And Output Concepts For Understanding Productivity Trends, William D. Nordhaus
Cowles Foundation Discussion Papers
The present study is the second is a series of three papers devoted to issues in the measurement of productivity and productivity growth. The contributions of the present paper are three. First, it introduces a new approach to measuring industrial productivity based on income-side data that are published by the Bureau of Economic Analysis (BEA). The data are internally consistent in that both inputs and outputs are income-side measures of value added, whereas the usual productivity measures combine expenditure-side output measures with income-side input measures. Second, because of interest in the “new economy,” we have also constructed a set of …
Alternative Methods For Measuring Productivity Growth, William D. Nordhaus
Alternative Methods For Measuring Productivity Growth, William D. Nordhaus
Cowles Foundation Discussion Papers
The present study is a contribution to the theory of the measurement of productivity growth. First, it examines the welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index of productivity growth rates of different sectors which uses current output weights. Second, it lays out a technique for decomposing productivity growth which separates aggregate productivity growth into three factors — the pure productivity effect, the effect of changing shares, and the effect of different productivity levels. Finally, it shows how to apply the theoretically correct measure of productivity growth and indicates which of …
Trending Time Series And Macroeconomic Activity: Some Present And Future Challenges, Peter C.B. Phillips
Trending Time Series And Macroeconomic Activity: Some Present And Future Challenges, Peter C.B. Phillips
Cowles Foundation Discussion Papers
Some challenges for econometric research on trending time series are discussed in relation to some perceived needs of macroeconomics and macroeconomic policy making.
Life Is A Gift... So Enjoy It!: Strategies For Leading A Healthy, Balanced & Rewarding Life, Robert C. (Robert Charles) Stafford
Life Is A Gift... So Enjoy It!: Strategies For Leading A Healthy, Balanced & Rewarding Life, Robert C. (Robert Charles) Stafford
WWU Honors College Senior Projects
Through the concentrated efforts of: (1) learning to control our time, (2) identifying our governing values, (3) being productive, (4) leaving our comfort zones, (5) setting goals, (6) implementing daily prioritized planning, (7) developing our character and habits, (8) participating in regular physical activity, (9) finding sources of social support and (10) recognizing the ultimate source of our self-esteem we may .uncover this much-needed clarity. We will begin to feel and recognize what it is that resonates within us; that which makes our lives seem worthwhile. We will at the same time gain the confidence and focus necessary to handle …