Generation and distribution of the total ...
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Generation and distribution of the total factor productivity gains in US industries
Author(s) :
Boussemart, Jean Philippe [Auteur]
Lille économie management - UMR 9221 [LEM]
UFR de Mathématiques, Informatique, Management, Economie [UFR MIME]
Leleu, Herve [Auteur]
Lille économie management - UMR 9221 [LEM]
Université Catholique de Lille - Faculté de gestion, économie et sciences [UCL FGES]
Mensah, Edward [Auteur]
Lille économie management - UMR 9221 [LEM]
UFR de Mathématiques, Informatique, Management, Economie [UFR MIME]
Leleu, Herve [Auteur]
Lille économie management - UMR 9221 [LEM]
Université Catholique de Lille - Faculté de gestion, économie et sciences [UCL FGES]
Mensah, Edward [Auteur]
Journal title :
Applied Economics
Pages :
2379--2393
Publisher :
Taylor & Francis (Routledge)
Publication date :
2016-10
ISSN :
0003-6846
English keyword(s) :
Productivity accounting
surplus accounting method
total factor productivity
factor income distribution
index numbers
surplus accounting method
total factor productivity
factor income distribution
index numbers
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
This study estimates productivity gains and their distribution among inputs and outputs for 63 American industries over the period 1987–2012. Using the traditional surplus accounting method, the Total Factor Productivity ...
Show more >This study estimates productivity gains and their distribution among inputs and outputs for 63 American industries over the period 1987–2012. Using the traditional surplus accounting method, the Total Factor Productivity (TFP) growth rates are divided into their price change components in order to determine the stakeholders who do or do not receive price advantages. An initial analysis showed that TFP of US industries increased at an average trend of 0.8% and established that remunerations to employees and firms’ profitability constituted 49% and 39%, respectively, of the accumulated economic surplus from the productivity gains. Suppliers of intermediate inputs retained 12.1% of the surplus. Finally, customers, equipment and structure providers were the losers in the distribution of economic surplus via, respectively, a significant growth of relative final demand prices and a substantial price decrease of these assets. A second step analysis underlined that industries with high TFP growth rates mainly benefited customers and firms via output price decreases and profitability improvements while industries with low or negative TFP changes hurt customers through significant output price increases. The sectoral level analysis also showed that employees’ remunerations depend only slightly on productivity gains produced within their industrial sectors.Show less >
Show more >This study estimates productivity gains and their distribution among inputs and outputs for 63 American industries over the period 1987–2012. Using the traditional surplus accounting method, the Total Factor Productivity (TFP) growth rates are divided into their price change components in order to determine the stakeholders who do or do not receive price advantages. An initial analysis showed that TFP of US industries increased at an average trend of 0.8% and established that remunerations to employees and firms’ profitability constituted 49% and 39%, respectively, of the accumulated economic surplus from the productivity gains. Suppliers of intermediate inputs retained 12.1% of the surplus. Finally, customers, equipment and structure providers were the losers in the distribution of economic surplus via, respectively, a significant growth of relative final demand prices and a substantial price decrease of these assets. A second step analysis underlined that industries with high TFP growth rates mainly benefited customers and firms via output price decreases and profitability improvements while industries with low or negative TFP changes hurt customers through significant output price increases. The sectoral level analysis also showed that employees’ remunerations depend only slightly on productivity gains produced within their industrial sectors.Show less >
Language :
Anglais
Popular science :
Non
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