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Morrison, Catherine J.

Works: 53 works in 198 publications in 2 languages and 1,198 library holdings
Roles: Author, Honoree
Classifications: HC79.I52, 338.5
Publication Timeline
Publications about Catherine J Morrison
Publications by Catherine J Morrison
Publications by Catherine J Morrison, published posthumously.
Most widely held works by Catherine J Morrison
Cost structure and the measurement of economic performance : productivity, utilization, cost economies, and related performance indicators by Catherine J Morrison( Book )
13 editions published between 1999 and 2009 in English and held by 195 libraries worldwide
Cost Structure and the Measurement of Economic Performance is designed to provide a comprehensive guide for students, researchers or consultants who wish to model, construct, interpret, and use economic performance measures. The topical emphasis is on productivity growth and its dependence on the cost structure. The methodological focus is on application of the tools of economic analysis - the 'sthinking structure' provided by microeconomic theory - to measure technological or cost structure, and link it with market and regulatory structure. This provides a rich basis for evaluation of economic performance and its determinants. The format of the book stresses topics or questions of interest rather than the theoretical tools for analysis. Traditional productivity growth modeling and measurement practices that result in a productivity residual often called the 'smeasure of our ignorance' are initially overviewed, and then the different aspects of technological, market and regulatory structure that might underlie this residual are explored. The ultimate goal is to decompose or explain the residual, by modeling and measuring a multitude of impacts that determine the economic performance of firms, sectors, and economies. The chapters are organized with three broad goals in mind. The first is to introduce the overall ideas involved in economic performance measurement and traditional productivity growth analysis. Issues associated with different types of (short and long run, internal and external) cost economies, market and regulatory impacts, and other general cost efficiencies that might impact these measures are then explored. Finally, some of the theoretical, data construction and econometric tools necessary to justify and implement these models are emphasized
A microeconomic approach to the measurement of economic performance : productivity growth, capacity utilization, and related performance indicators by Catherine J Morrison( Book )
15 editions published between 1992 and 2013 in English and German and held by 146 libraries worldwide
This text is designed to provide a comprehensive guide to students, researchers, or consultants who wish to carry out and to interpret analyses of economic performance, with an emphasis on productivity growth. The text includes an overview of standard productivity growth measurement techniques and adaptations, and data construc tion procedures. It goes further, however, by expanding the tradition al growth accounting (index number) framework to allow consider ation of how different aspects of firm behavior underlying productivity growth are interrelated, how they can be measured con sistently in a parametric model, and how they permit a well-defined decomposition of standard productivity growth measures. These ideas are developed by considering in detail a number of underlying theoretical results and econometric issues. The impacts of various production characteristics on productivity growth trends are also evaluated by overviewing selected methodological extensions and em pirical evidence. More specifically, in the methodological extensions, emphasis is placed on incorporation of cost and demand characteristics, such as fixity and adjustment costs, returns to scale, and the existence of market power, into analyses of productivity growth. These character istics, generally disregarded in such analyses, can have very important impacts on production structure and firm behavior, and thus on economic performance. They also provide the conceptual basis for vii viii PREFACE measures that are often used independently as indicators of economic performance, such as investment, capacity utilization, and profit measures
High-tech capital formation and labor composition in U.S. manufacturing industries : an exploratory analysis by Ernst R Berndt( Book )
13 editions published in 1992 in English and Undetermined and held by 44 libraries worldwide
In this paper we report results of an exploratory empirical effort examining relationships between investments in high-tech information technology capital and the distribution of employment, both by occupation and by level of educational attainment. Our data cover the two-digit U.S. manufacturing industries. annually, 1968-86. We find that increases in the high-tech composition of capital (OF/K) are positively related to growth in white collar. non-production worker hours, and that increases in white collar hours account for most of the reduction in aggregate labor productivity associated with increases in high-tech capital. In terms of educational attainment, within the blue collar occupations we find clear evidence in support of skill upgrading toward more educated workers occurring along with increases in OF/K. While point estimates are not very precise, among white collar occupations we find that hours provided by the least and most educated workers increase with OF/K, while hours provided by those with high-school and some college education are adversely affected
State infrastructure and productive performance by Catherine J Morrison( Book )
11 editions published in 1992 in English and held by 42 libraries worldwide
The impact of public infrastructure investment on the productive performance of firms has been an important focus of the recent literature on productivity growth. The size of this impact has important implications for policymakers' decisions to invest in public capital, and productivity analysts' evaluation of productivity growth fluctuations and declines. However, detailed evaluation of the infrastructure impact is difficult using existing studies which rely on restricted models of firms' technology and behavior. In this paper we construct a more complete production theory model of firms' production and input decisions. We then apply our framework to state-level data on the output production and input (capital, nonproduction and production labor and energy) use of manufacturing firms to evaluate the contribution of infrastructure to firms' costs and productivity growth. We find that infrastructure investment does provide a significant direct benefit to manufacturing firms and thus augments productivity growth. We also show, however, that this evidence should be interpreted taking into account the social cost of such capital (which is not reflected in firms' costs), and the indirect impact resulting from scale effects
Investment in capital assets and economic performance : the U.S. chemicals and primary metals industries in transition by Catherine J Morrison( Book )
13 editions published between 1991 and 1993 in English and Undetermined and held by 37 libraries worldwide
The effects of market and technological conditions on the investment and markup behavior of firms, and their resulting impacts on economic performance, are closely interrelated and complex. In this paper determinants of and linkages among these are explored for two industries with very different performance records and development patterns over the past three decades -the chemicals and primary metals industries. The analysis is carried out using a production theory model that permits explicit assessment of the motivations underlying firm decisions, based on BLS data from 1955-86. General capital (K) investments are distinguished from investments in innovative or high tech capital such as office and communications equipment (0) and technical and scientific apparatus (S). Investment behavior and thus capacity utilization are explicitly modeled as responses to adjustment costs for capital assets. This approach facilitates the measurement of technological and behavioral factors underlying investment, input demand and pricing decisions. This in turn allows investment patterns and their determinants across capital assets to be interpreted, and their linkages with productive and financial performance to be identified
Market power, economic profitability and productivity growth measurement : an integrated structural approach by Catherine J Morrison( Book )
6 editions published in 1990 in English and held by 35 libraries worldwide
Abstract: industries since the early 1970s. Also, although cost and revenue shares tend
Assessing the productivity of information technology equipment in U.S. manufacturing industries by Catherine J Morrison( Book )
10 editions published in 1991 in English and Undetermined and held by 33 libraries worldwide
In this paper we report results of an empirical assessment of the cost reducing impacts of recent dramatic increases in stocks of "high-tech" office and information technology equipment (0) using annual data from various two digit US manufacturing industries over the 1952-1986 time period. While there are exceptions, on balance we find that in 1986, estimated marginal benefits of investments in this 0 equipment are less than marginal costs, implying over investment in 0 capital in 1986. The sign of the estimated elasticity of demand for labor with respect to changes in the stock of 0 capital is evenly divided in the fourteen industries, but whether positive or negative, in all industries this elasticity increases in absolute magnitude over time, indicating ever greater impacts of 0 capital on the demand for aggregate labor. Finally, our estimates of the elasticity of technical progress with respect to 0-capital are very small in magnitude implying that increases in o capital have only a small impact on technical progress
Cost economies and market power in U.S. beef packing by Catherine J Morrison( Book )
4 editions published in 2000 in English and held by 32 libraries worldwide
Measuring capacity in fisheries by S Pascoe( Book )
3 editions published in 2003 in English and held by 31 libraries worldwide
This paper provides guidance for the measurement and assessment of fishing capacity, with the aim of facilitating the implementation of the International Plan of Action for the Management of Fishing Capacity. It provides a discussion and overview of the various concepts of capacity and capacity utilization and potential methods for estimating capacity discussed at the FAO Technical Consultation on the Measurement of Fishing Capacity held in Mexico City from 29 November to 3 December 1999
Unraveling the productivity growth slowdown in the U.S., Canada and Japan : the effects of subequilibrium, scale economies and markups by Catherine J Morrison( Book )
9 editions published in 1989 in English and held by 30 libraries worldwide
Measures of productivity growth typically include in the Productivity "residual" the impacts of subequilibrium from fixity of factors, costs of adjustment, returns to scale and markups. This paper proposes a general two part framework for adjusting the residual measure to take these impacts into account. Errors computing the weights on output and quasi-fixed input growth in traditional measures are first corrected for both primal- and Cost-side measures. Then the deviation of revenues from costs is used to decompose the full primal measure to identify the differential influences of technical change, utilization fluctuations, scale economies and price margins. Use of the framework is illustrated empirically for the U.S., , Japanese and Canadian manufacturing sectors, using an econometric model that allows explicit incorporation and measurement of these influences. The adjusted measures show that a significant amount of cyclical and secular change in measured productivity growth can be attributed to production characteristics other than technical change, particularly scale economies
Markup behavior in durable and nondurable manufacturing : a production theory approach by Catherine J Morrison( Book )
8 editions published in 1989 in English and held by 29 libraries worldwide
In this paper I provide a production theory-based framework for measuring markups of price over marginal coat, and the effects of cost and demand characteristics on these markups. Price to marginal coat ratios are measured for various Canadian manufacturing industries, and the impacts of capacity utilization, scale economies, changing prices of variable inputs, import competition, unemployment and other cost and demand determinants are evaluated using adjusted markup indexes and elasticities of the markup ratios. The measured price margins are within a reasonable range and tend to be countercyclical. Moreover, these measures suggest that profitability stemming from the potential to increase price over marginal cost appears primarily to arise from cost characteristics determining scale economies
Productivity growth and changes in the terms of trade in Japan and the U.S. by Catherine J Morrison( Book )
9 editions published between 1986 and 1988 in English and held by 25 libraries worldwide
In this paper we employ a recently proposed procedure (Dlewert and Morrison[1985]) for adjusting real domestic product and productivity for changes in a country's terms of trade. We apply this procedure to a comparison of two major industrialized countries, the U.S. and Japan. The approach is based on assessing the impact on, alternatively, production or final sales to domestic purchasers, of changes in terms of trade and the balance of payments deficit in a consistent accounting framework. This treatment of international trade allows for comparative statics analysis based only on production theory. The comparison is carried out for a relatively open economy, Japan, with an economy that may not be as vulnerable to terms of trade changes, the U.S. for the years 1967 to 1982
Markups in U.S. and Japanese manufacturing : a short run econometric analysis by Catherine J Morrison( Book )
7 editions published between 1988 and 1989 in English and held by 24 libraries worldwide
In this paper a production theory-based model of firms' markup behavior is constructed. The theoretical structure is based on variants of generalized Leontief cost and expenditure functions. This structure yields a full specification of behavior from which the impacts of both supply and demand shocks on firms' markup behavior can be assessed through elasticities. Adjustment costs on both labor and capital and economies of scale are incorporated. Estimation is carried out using manufacturing data for the U.S. and Japan from 1960 through 1981. The empirical results suggest that markups for manufacturing firms in the U.S. and Japan have increased over time, but tend to be procyclical in the U.S. and countercyclical in Japan. This difference stems primarily from differential investment behavior. In addition, capacity utilization and especially returns to scale tend to counteract the short run profit potential from markup behavior, so that markups measured assuming constant returns may be biased downward. Finally, both supply and demand shocks appear to have a significant systematic impact on markups
The impact of pollution abatement investment on productivity change : an empirical comparison of the U.S., Germany, and Canada by Klaus Conrad( Book )
8 editions published in 1985 in English and German and held by 22 libraries worldwide
It has often been asserted that imposition of environmental regulations in the 1970's may be a partial explanation for the productivity growth slowdowns experienced by most industrialized countries during that decade. The contention is that expenses incurred to satisfy these regulations, such as investment in pollution abatement capital, is unproductive in terms of measured output. Thus conventional productivity measures will be biased downward when such regulations are imposed. In this paper we construct a model which explicitly recognizes the difference between pollution abatement capital and "productive" capital and then use this framework to devleop an adjustment to nonparametric measures of productivity growth, purging them of the bias resulting from regulation. We measure the bias for the manufacturing sectors of three countries, the U.S., Canada and Germany, and thereby assess the impact of increased pollution abatement capital regulation on productivity growth. Our principal finding is that the bias, which depends on relative rates of growth of output and pollution abatement capital investment, is modest
On the economic interpretation and measurement of optimal capacity utilization with anticipatory expectations by Catherine J Morrison( Book )
8 editions published between 1984 and 1985 in English and held by 18 libraries worldwide
This study builds on recent research giving the notion of capacity utilization clearer economic foundations. In this research optimal output Y is defined as the minimum point on the firm's short-run average total cost curve, and capacity utilization is then computed as CU=Y/Y, where Y is actual output. Here I extend these concepts to include adjustment costs due to changes in the stock of capital, and nonstatic expectations of future output demand and input prices. The more general notion of CU is shown to depend on the shadow values of the firm's quasifixed inputs, and is decomposed to isolate the effects of anticipatory expectations. An empirical comparison is then made between traditional indices and alternative economic CU measures, using annual U.S. manufacturing data 1954-80. The calculated indices exhibit plausible patterns, which can be interpreted as the effects of nonstatic expectations and adjustment costs
Productivity measurement with nonstatic expectations and varying capacity utilization : an integrated approach by Catherine J Morrison( Book )
5 editions published in 1985 in English and held by 16 libraries worldwide
Typically measures of multifactor productivity growth have been based on a production and optimization framework that assumes all inputs are instantaneously adjustable, thus ignoring the important impacts of short run fixity of certain inputs. This paper focuses on the distinction between short and long run production behavior represented by economic capacity utilization indexes, and on the adjustment of observed productivity measures for the effects of short run fixity characterized by these indexes. A dynamic optimization model based on adjustment costs for quasi-fixed inputs is developed to calculate capacity utilization adjustments for productivity growth measures. The resulting framework is then used to identify empirically the effects of capacity utilization, nonstatic expectations, nonconstant returns to scale and adjustment costs for both capital and labor on productivity growth in the U.S. manufacturing sector, 1947-1979
Technology, trade and economic performance in the food industries : the case of U.S. and Australian meat processing by Catherine J Morrison( Book )
6 editions published in 1996 in English and held by 13 libraries worldwide
The economic performance and contribution of the pharmaceutical industry in Australia : 1985-1995 by Ronald A Bewley( Book )
2 editions published in 1998 in English and held by 12 libraries worldwide
Export supply and import demand functions : a production theory approach by W. E Diewert( Book )
5 editions published in 1986 in English and held by 9 libraries worldwide
In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S. economy from 1967-1982. A producer theoretic approach based on duality theory is used to derive econometric systems of producer supply and demand functions that are consistent with profit maximizing behavior. This system is then empirically implemented and the resulting estimates used to construct a full set of supply and demand elasticities characterizing import demand and export supply functions as well as domestic output supply and labor demand. These elasticities are in turn used to derive devaluation elasticities and some estimates of the equilibrium real exchange rate that would cause the U.S. trade surplus to reach zero
Adjusting output and productivity indexes for changes in the terms of trade by W. E Diewert( Book )
4 editions published in 1985 in English and held by 3 libraries worldwide
In this paper we employ index number theory in addressing the problem of adjusting real national income and real domestic product for changes in a country's terms of trade. More specifically, using recent developments in the theory of production, we address the problems related to measuring: (i) real output produced and real input utilized by the private business sector; (ii) productivity growth or technical change; (iii) the effects on domestic real output of changes in the terms of trade; and (iv) the impact on final sales to domestic purchasers of changes in the balance of payments deficit, in a consistent accounting framework.This treatment of international trade allows us to undertake comparative statics analyses using only production theory, whereas in the traditional paradigm which treats traded goods as perfectly substitutable with a class of domestic goods, a general equilibrium framework is required. We illustrate our suggested solutions using U.S. data for the years 1968-82
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Alternative Names
Catherine J. Morrison economist
Catherine J. Morrison Wirtschaftswissenschaftler (Tätig am Instr. Dept. Econ, NYU (1981-82); Asst. Prof. to Full Prof., Dept. Econ., Tufts Univ., Medford, MA. ; NBER, Cambridge, MA, USA; Univ. of New South Wales, Sydney, Australia; Prof. Dept. of Agricultural and Reso...)
Morrison, C. J.
Morrison, Catherine 1953-2010
Morrison, Catherine Joan
Morrison Paul, C. J.
Morrison Paul, Catherine 1953-2010
Morrison Paul, Catherine J
Morrison Paul, Catherine J. 1953-2010
Paul, C. J. M. 1953-2010
Paul, C. J. Morrison 1953-2010
Paul, Catherine J. Morrison
Paul, Catherine J. Morrison 1953-2010
Paul, Catherine Morrison 1953-2010
English (153)
German (2)
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