Searching for the "productivity slowdown:" some surprising findings from West German manufacturing

Article Abstract:

An analysis describing total factor productivity (TFP) in West Germany is presented. Long-term negative trend or structural break in TFP following the outbreak of the first oil price shock is tested. The test covered West German manufacturing industries which were studied using capital as a quasi-fixed variable. It is shown that the hypothesis of TFP is not valid after scale economy and utilization adjustments.

Manufacturing industry, Manufacturing industries, Economic aspects

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Dynamics of public infrastructure, industrial productivity and profitability

Article Abstract:

The function of infrastructure in public sector productivity and profitability was measured using a restricted equilibrium structure. The function was found to have a minor but positive multiplier effect. The importance and implications of these findings to policy formulation are discussed.

Infrastructure (Economics)

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The role of public capital in production

Article Abstract:

The effect of public capital on aggregate output was analyzed utilizing data from 1958 to 1989. Public capital was found to contribute significantly to private sector productivity, complementing rather than replacing the role of private capital in production.

Evaluation, Public investments

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