Technical change and total factor productivity growth for Swedish manufacturing and service industries

Abstract

This paper presents alternative specifications of the production functions of a large panel of Swedish firms for the period 1992-2000. The period can be characterized as a transition when long-run productivity growth in the Swedish economy improved from being among the weakest to one of the strongest within the OECD. In order to present a detailed exploration of this dramatic change, the time trend and general index models are applied to estimate total factor productivity (TFP) growth, rate of technical change and returns to scale. The models are extended to allow for firm-specific as well as time-varying technical change. The parametric TFP measures are also compared with the non-parametric Solow residual, and several hypotheses are tested to explain the growth patterns in the Swedish economy. It is found that the improved growth rate, initially starting in large exporting manufacturing firms, after a deep economic crisis at the beginning of the 1990s, spilled over to the rest of the economy, both manufacturing and services.

The Impact of Technological Innovation on China's Economic Level

“…In 1994, Grossman and Helpman's model proposed that innovation is the best opportunity to overcome economic growth constraints and the driving force for long-term economic development [1]. During the period of 1992 to 2000, based on time trend and general index model, Oh and Heshmati conducted the research of what role technical changes and TFP growth played in Swedish economy productivity which has grown from the weakest to the strongest in Organization for Economic Co-operation and Development (OECD).…”

¿Incide el resultado contable y la dimensión empresarial en la eficiencia de las empresas hoteleras?

“…En el momento actual existe una importante y extensa literatura sobre eficiencia en múltiples sectores de la actividad económica. Haghiri y Simchi (2011), Karafillis y Papanagiotou (2011), Chen y Chen (2012) y Oh et al(2012) constituyen algunos ejemplos de trabajos recientes. El sector servicios no ha sido una excepción, a pesar de que sus características específicas como la intangibilidad o la heterogeneidad dificultan la evaluación y la cuantificación de su eficiencia (McLaughlin y Coffey, 1990).…”

Österreichischer Forschungs- und Technologiebericht 2013

“…85 Siehe Ragacs et al (2011) 86 Siehe Wolfmayr et al (2007). 87 Siehe Marin (2008 Kaldor (1967Kaldor ( , 1972 95 Siehe Necmi (1999), Wienert (2009), McCasland, Theodossiou (2012, Oh et al (2012). 96 Siehe Peneder (2003), Hartwig (2012 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Gesamtwirtschaft Industrie Groß-und Einzelhandel Finanzsektor, Immobilien und unternehmensbezogene Dienstleistungen Soziale und persönliche Dienstleistungen Quelle: EU KLEMS Datenbank.…”