This page contains a list of scheduled project events, and key milestones and
goals.
March
2004:
Submission of Research Brief to NTC
February
2004:
Poster Presentation
October 1,
2003:
Submission of Annual Report to NTC
June 2003:
Paper submission to Journal of Applied Business Research
May 2003 - Aug 2003:
Introduce to new team members
M. kouliavtsev to panel Estimations
P. Russel to identify firms and benchmarks
March
2003:
Submission of Research Brief to NTC
Feb 2003:
Poster Presentation
November 1,
2002: Submission
of Renewal Report to NTC
October 1,
2002:
Submission of Annual Report to NTC
Sept 2002 - Feb 2003:
Refine panel data estimates, add Patents and R & D data to industry data
set, run new estimations
June 1, 2002:
Working paper presented to Productivity Workshop
March 30,
2002:
Submission of Research Brief to NTC
I - Milestones:
Data Collection
In Progress
Visits to Textile Mills
June 8-10
Kanapolis: FieldCrest Cannon Mill
Greensboro: Unisys
HighPoint: Culp
Greensboro: Burlington Industries
Literature Search
Ongoing
II
- This Year’s Goals:
The Compustat Dataset will be a
starting point for data collection but even this detailed information will
need to be carefully correlated with data available from individual firms to
discover relevant characteristics such as off-shore production.
We will make an effort to enhance the data set with information from
non-publicly traded firms, recognizing the need for confidentiality.
Initial estimates of the
production function for U.S. textile industry will require adjustments.
These adjustments include accounting for inflation, depreciation of the
capital stock, categorizing levels investment, estimation of the true
depreciation rate. R&D
investment is particularly difficult to estimate as the depreciation of
R&D is likely to be very different than the depreciation of plant and
equipment investment. Additionally,
R&D is likely to have a lagged effect on productivity; investment in
R&D in 2000 may not result in innovative production processes and thus
enhanced profit until 2002. The
level of spending on labor and capital must also be corrected for “double
counting”, 46% of R&D is spent on labor. Although the issues are challenging, there are precedents in
the literature. Much of the work
pertains to pharmaceuticals and aeronautics where the importance of R&D is
recognized, but the potential to exploit enhanced productivity and lower costs
is great in the textile industry.
Year two:
Estimation of the impact of
sundry investments on productivity:
Interpretation of elasticity
estimates:
Policy prescriptions
Presentations and publication