THE IMPACT OF TRANSACTIONS ACTIVITIES ON UNITED-STATES PRODUCTIVITY GROWTH

被引：5
|
作者：
FUESS, SM [1 ]
VANDENBERG, H [1 ]
机构：
[1] UNIV NEBRASKA,DEPT ECON,344 CBA,LINCOLN,NE 68588
来源：
ECONOMICS LETTERS | 1992年 / 38卷 / 02期
关键词：
D O I：
10.1016/0165-1765(92)90062-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study modifies a standard growth model to control for transactions activities. For 1950-1989, we estimate productivity growth for GNP and for GNP excluding transactions. The results show that failure to control for transactions can cause systematic overestimates of productivity growth. "Traditional national income accounting conceals rather than reveals . .. transactions costs are not separated out...."
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页码：243 / 247
页数：5
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