Three Essays on Productivity (RLE: Business Cycles)

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

Business & Finance, Economics, Economic Conditions, International, Theory of Economics
Cover of the book Three Essays on Productivity (RLE: Business Cycles) by Mark J. Lasky, Taylor and Francis
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Author: Mark J. Lasky ISBN: 9781317502517
Publisher: Taylor and Francis Publication: March 27, 2015
Imprint: Routledge Language: English
Author: Mark J. Lasky
ISBN: 9781317502517
Publisher: Taylor and Francis
Publication: March 27, 2015
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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