Tilting the evidence: the role of firm-level earnings attributes in the relation between aggregated earnings and gross domestic product

Review of Accounting Studies - We examine whether the contribution of firm-level accounting earnings to the informativeness of the aggregate is tilted towards earnings with specific financial...     

Technology catch-up in agriculture among advanced economies

We examine whether countries with low initial levels of agricultural total factor productivity (TFP) tend to ‘catch up’ with the technology leaders. We first compare relative levels of agricultural TFP, capital services and labour input levels in agriculture for 17 OECD countries between 1973 and 2011. Then we apply (conditional) convergence analysis to the panel data to examine the speed of convergence and test whether the convergence is transitory or permanent by analysing TFP changes over the business cycle. Capital intensities, quality improvement of capital, factors such as human capital spillovers, and certain agricultural policies are conditioning variables. We examine how differences in relative capital intensities affect agricultural productivity convergence over the business cycle. We find evidence that the speed of convergence increases during periods of contraction in economic activity.     

Cross-country agricultural TFP convergence and capital deepening: evidence for induced innovation from 17 OECD countries

Journal of Productivity Analysis - Using a newly constructed panel dataset for agriculture in 17 OECD countries over the 1973–2011 period, we investigate the role of capital deepening in...