Capital Operating Time and Total Factor Productivity Growth in France

Author/Editor: Everaert, Luc ; Nadal-De Simone, Francisco
Publication Date: June 01, 2003
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.
Subject(s): Capital | France | Productivity | Labor | Economic growth

Author's Keyword(s): Capital stock utilization | total factor productivity | labor organization
Publication Date: June 01, 2003
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1282003 Pages: 19
US$15.00 (Academic Rate:
US$15.00 )
Please address any questions about this title to