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Productivity Growth

Industries, Spillovers and Economic Performance Thijs ten Raa, Associate Professor of Economics, Tilburg University, The Netherlands and Edward N. Wolff, Professor of Economics, New York University, US
Productivity growth is the main vehicle to increase the standard of living. This book explains the relationships between technological change, efficiency, productivity growth and performance. The emphasis is on the interplay between industries in modern economies. The book provides a broad yet in-depth input–output analysis of productivity growth by consolidating the papers of two esteemed inter-industry productivity experts.
Extent: 368 pp
Hardback Price: £101.00 Web: £90.90
Publication Date: 2012
ISBN: 978 1 78100 344 2
Availability: In Stock
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  • Economics and Finance
  • Industrial Economics
This timely book explores the relationships between technological change, efficiency, productivity growth and performance. Focusing on the interplay among industries in modern economies, the essays in this volume combine pure theory and empirical applications to provide an input–output analysis of productivity growth that is both broad and in-depth.

Thijs ten Raa and Edward N. Wolff lay out a conceptual framework for interrelating alternative productivity and performance measures, unifying input-output and productivity analyses and applying them to scenarios at both the national economy and industry levels. Topics discussed include growth accounting, international trade, outsourcing and productivity spillovers, labor and capital, and efficiency analysis. This fascinating volume offers some of the best work from two of the brightest and best-known minds in the field.

Students, professors and researchers working in economic theory, international economics, labor economics and financial and monetary policy will find much of interest in this thoughtful and comprehensive book.
Contents:

Acknowledgements

Introduction Thijs ten Raa and Edward N. Wolff

PART I GROWTH ACCOUNTING IN AN INPUT–OUTPUT FRAMEWORK
1. Edward N. Wolff (1985), ‘Industrial Composition, Interindustry Effects, and the U.S. Productivity Slowdown’, Review of Economics and Statistics, 67 (2), May, 268–77
2. Thijs ten Raa and Edward N. Wolff (1991), ‘Secondary Products and the Measurement of Productivity Growth’, Regional Science and Urban Economics, 21 (41), December, 581–615
3. Edward N. Wolff (1994), ‘Productivity Measurement Within an Input–Output Framework’, Regional Science and Urban Economics, 24 (1), February, 75–92
4. Thijs ten Raa (2004), ‘A Neoclassical Analysis of Total Factor Productivity Using Input–Output Prices’, in Erik Dietzenbacher and Michael L. Lahr (eds), Wassily Leontief and Input–Output Economics, Chapter 10, Cambridge, UK: Cambridge University Press, 151–65

PART II INTERNATIONAL TRADE AND PRODUCTIVITY GROWTH
5. Edward N. Wolff (1994), ‘Productivity Growth and Capital Intensity on the Sector and Industry Level: Specialisation among OECD Countries, 1970–1988’, in Gerald Silverberg and Luc Soete (eds), The Economics of Growth and Technical Change: Technologies, Nations, Agents, Chapter 8, Cheltenham, UK and Brookfield, VT: Edward Elgar Publishing Ltd, 185–211
6. Thijs ten Raa (1994), ‘Comment on Wolff’, in Gerald Silverberg and Luc Soete (eds), The Economics of Growth and Technical Change: Technologies, Nations, Agents, Chapter 8, Cheltenham, UK and Brookfield, VT: Edward Elgar Publishing Ltd, 212–14
7. Angel Luis Ruiz and Edward N. Wolff (1996), ‘Productivity Growth, Import Leakage and Employment Growth in Puerto Rico, 1967–87’, Economic Systems Research, 8 (4), 391–413
8. Thijs ten Raa and Pierre Mohnen (2002), ‘Neoclassical Growth Accounting and Frontier Analysis: A Synthesis’, Journal of Productivity Analysis, 18 (2), 111–28
9. Edward N. Wolff (2003), ‘Skills and Changing Comparative Advantage’, Review of Economics and Statistics, 85 (1), February, 77–93

PART III OUTSOURCING AND PRODUCTIVITY SPILLOVERS
10. Thijs ten Raa and Edward N. Wolff (2001), ‘Outsourcing of Services and the Productivity Recovery in U.S. Manufacturing in the 1980s and 1990s’, Journal of Productivity Analysis, 16 (2), 149–65
11. Thijs ten Raa and Edward N. Wolff (2000), ‘Engines of Growth in the US Economy’, Structural Change and Economic Dynamics, 11 (4), December, 473–89
12. Edward N. Wolff (1997), ‘Spillovers, Linkages and Technical Change’, Economic Systems Research, 9 (1), 9–23

PART IV LABOR AND CAPITAL PRODUCTIVITY
13. Edward N. Wolff and David R. Howell (1989), ‘Labor Quality and Productivity Growth in the United States: An Input–Output Growth-Accounting Framework’, in Ronald E. Miller, Karen R. Polenske and Adam Z. Rose (eds), Frontiers of Input–Output Analysis, Chapter 11, New York, NY and Oxford, UK: Oxford University Press, 148–62
14. Edward N. Wolff (2006), ‘The Growth of Information Workers in the US Economy, 1950–2000: The Role of Technological Change, Computerization, and Structural Change’, Economic Systems Research, 18 (3), September, 221–55
15. Maury Gittleman, Thijs ten Raa and Edward N. Wolff (2006), ‘The Vintage Effect in TFP-Growth: An Analysis of the Age Structure of Capital’, Structural Change and Economic Dynamics, 17 (3), September, 306–28
16. Thijs ten Raa and Pierre Mohnen (2008), ‘Competition and Performance: The Different Roles of Capital and Labor’, Journal of Economic Behavior and Organization, 65 (3–4), March, 573–84

PART V PRODUCTIVITY AND EFFICIENCY ANALYSIS: SYNTHESIS
17. Thijs ten Raa (2005), ‘Aggregation of Productivity Indices: The Allocative Efficiency Correction’, Journal of Productivity Analysis, 24 (2), October, 203–9
18. Thijs ten Raa (2007), ‘Don’t Aggregate Efficiency But Disaggregate Inefficiency’, in Rolf Färe, Shawna Grosskopf and Daniel Primont (eds), Aggregation, Efficiency, and Measurement, New York, NY: Springer, 145–51
19. Thijs ten Raa (2008), ‘Debreu’s Coefficient of Resource Utilization, the Solow Residual, and TFP: The Connection by Leontief Preferences’, Journal of Productivity Analysis, 30 (3), 191–9
20. Thijs ten Raa and Victoria Shestalova (2011), ‘The Solow Residual, Domar Aggregation, and Inefficiency: A Synthesis of TFP Measures’, Journal of Productivity Analysis, 36 (1), 71–7