"Recent research reports contradictory estimates of productivity growth for the newly industrialized economies (NIEs …, corrected for the imperfections that we quantify"--Federal Reserve Bank of Chicago web site …

-37. In this time period, real wages were countercyclical, and productivity and fiscal policy were procyclical. We use the … in productivity and fiscal policy were also important for the decline and recovery. Even though our analysis is limited …

of a technique depends on both the productivity embodied in the technique and the cost of the particular input; when … productivity depends on whether the lower cost firms are the important suppliers of inputs. When the share of intermediate goods in … production is high, the lower cost firms are selected as suppliers more frequently. This raises aggregate productivity and also …

Recent research reports contradictory estimates of productivity growth for the newly industrialized economies (NIEs) of …