This note applies the median unbiased estimation of coefficient variance, proposed by Stock and Watson (1998), to the extraction of the time-varying trend growth rate of industrial productivity in fifteen European countries, over most of the XXth Century, by means of an unobservable components...

This paper examines the growth of Portuguese industry throughout the XXth century, focusing on the dynamics of its productivity, measured by the ratio of value added to labor force. The analysis consists of: (i) construction of productivity indices for the Portuguese industrial sector and...