This paper analyzes the empirical relationship between corporate restructuring and productivity. We estimate … allocation and productivity. We find, at most, restructuring may have spurred the substitution of capital for labor in some … industries, helping to set the stage for increased labor productivity. However, there is little evidence that restructurings …

-run growth, living standards, and inflation. We then describe the proximate factors that determine labor productivity using a …Economists, business analysts, and policymakers have all focused considerable attention on U.S. productivity growth in … recent years. This paper presents a broad overview of productivity--both labor and total factor--and discusses why it is such …