TY - JOUR
T1 - Business Sector Production in the Short and Long Run in Israel
AU - Beenstock, Michael
PY - 1997
Y1 - 1997
N2 - Engle-Granger representation theory is used to estimate the secular and cyclical determinants of business output in Israel during 1960-1988. The specification of the secular production function is based on the technique of cointegration, while the cyclical, or short-term, production function is specified in terms of an error correction model. In the preferred model of the secular production function returns to scale are slightly increasing and the productivity of Palestinian workers is approximately 40% of Israeli workers. In the short-term production function total factor productivity is pro-cyclical.
AB - Engle-Granger representation theory is used to estimate the secular and cyclical determinants of business output in Israel during 1960-1988. The specification of the secular production function is based on the technique of cointegration, while the cyclical, or short-term, production function is specified in terms of an error correction model. In the preferred model of the secular production function returns to scale are slightly increasing and the productivity of Palestinian workers is approximately 40% of Israeli workers. In the short-term production function total factor productivity is pro-cyclical.
KW - Cointegration
KW - Israel
KW - Production functions
UR - http://www.scopus.com/inward/record.url?scp=0043233959&partnerID=8YFLogxK
U2 - 10.1023/A:1007724414825
DO - 10.1023/A:1007724414825
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AN - SCOPUS:0043233959
SN - 0895-562X
VL - 8
SP - 53
EP - 69
JO - Journal of Productivity Analysis
JF - Journal of Productivity Analysis
IS - 1
ER -
