Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private … public pension systems, among other things. However, estimates of recent and expected productivity growth rates suffer from … undergo important revisions.This paper documents the statistical (un)reliability of several measures of aggregate productivity …

Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private … public pension systems, among other things. However, estimates of recent and expected productivity growth rates suffer from … productivity growth in the U.S. by examining the extent to which they are revised over time. The authors also examine the extent to …

The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 …-term productivity trends using state-space approaches, we extract a common factor from these long-term trend series using factor … analysis. The country specific differences are only of second order importance. Dominant is an overall long-term productivity …

examines the effect of the various user cost formulae on the measured multifactor productivity growth …

countries. On the other hand, analysts ask whether there is a productivity gap — whether Canada is equally efficient in … investigate the size of the output and productivity gaps between the two countries over the period from 1994 to 2002 and ask how …

-factor productivity (TFP) growth for U.S. states over 1980 to 2010. Our growth accounting exercise shows that the current literature … considerably lower in magnitude when compared to the earlier studies. Productivity growth effects associated with high school … education remain insignificant. Our empirical findings are further validated by the use of instrumental variable estimation to …

' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity …

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …

Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem …

growth accounting, different estimates of total factor productivity emerge. The methodological difference, however, does not …