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Legacy Publication

Legacy ID
1011
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On
Significant Regulatory Guidance
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Appendix D - Cost Shares of the Factor Inputs in Trucking

Appendix D - Cost Shares of the Factor Inputs in Trucking

(Basic Growth Accounting, Without Land)

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Year Labor Weight: Share of labor costs in industry output '(1) Capital Weight (Residual) '(2) Weight of Intermediate Inputs '(3) Total...

Figure 2 - Production Possibilities Frontier

Figure 2 - Production Possibilities Frontier

Source: The production possibilities frontier is a widely known and used tool in economic courses. For example, see Dolan G. Edwin, 1983.

Section 4: Comparisons of Multifactor Productivity

Section 4: Comparisons of Multifactor Productivity

Data are available that make it possible to carry out comparisons between MFP in trucking and MFP of other transportation industries as well as of the U.S. private business sector. Such a comparison provides a broader perspective into the...

Appendix A - Basic Growth-Accounting Methodology

Appendix A - Basic Growth-Accounting Methodology

The empirical relationship used to estimate growth of multifactor productivity by the basic growth-accounting methodology is shown below:

Where:

  

...

Appendix H - Estimation of Land Lost

Appendix H - Estimation of Land Lost

With the assumptions provided in the text, the estimation of the land cost is as follows:

Calculate ratio (a) by using data for Structures value, divided by Structures & Equipment value (BEA data). Calculate ratio (b) (Structures...