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Author/Editor:
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Everaert, Luc ; Nadal-De Simone, Francisco
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Publication Date:
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June 01, 2003
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Electronic Access:
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Free Full text
(PDF file size is 594KB).
Use the free
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
Data on the weekly operating time of capital improve the measurement of effective capital input in production. The production function of the French business sector is found to be consistent with a Cobb-Douglas technology under constant returns to scale. Total factor productivity growth, estimated as an unobservable variable, has declined steadily since the late 1970s, but more slowly since 1994. During the 1990s, a secular increase in shift work raised the operating time of capital and began to contribute positively to growth, albeit only slightly.
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Order a print copy
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Series:
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Working Paper No. 03/128
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Subject(s):
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Capital | France | Productivity | Labor | Economic growth
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Author's Keyword(s):
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Capital stock utilization | total factor productivity | labor organization |
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English
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Publication Date:
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June 01, 2003
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ISBN/ISSN:
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1934-7073
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Format:
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Paper
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Stock No:
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WPIEA1282003
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Pages:
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19
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Price:
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US$15.00 )
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Please address any questions about this title to
publications@imf.org
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