Capital Operating Time and Total Factor Productivity Growth in France

 
Author/Editor: Everaert, Luc ; Nadal-De Simone, Francisco
 
Publication Date: June 01, 2003
 
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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
 
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.
 
Series: Working Paper No. 03/128
Subject(s): Capital | France | Productivity | Labor | Economic growth

Author's Keyword(s): Capital stock utilization | total factor productivity | labor organization
 
English
Publication Date: June 01, 2003
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1282003 Pages: 19
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