The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …

imports: the reciprocal of the terms of trade. Cast this way, a> change in the terms of trade acts as a productivity shock. Or … and then> generalizing, we show that changes in the terms of trade have no first-order effect on> productivity when output …

We study the impact of regulation on productivity and welfare in the U.S. sugar manufacturing industry. While this U …, 1934-74. We show that regulation significantly reduced productivity, with these productivity losses leading to large … ? those arising from higher prices. We also argue that the channels through which regulation led to large productivity and …

Between 1929 and 1933, real output per adult fell over 30 percent and total factor productivity fell 18 percent. This … productivity decrease is much larger than expected from just extrapolating the productivity decrease that typically occurs during …-third of the 18 percent decrease, and I conclude that the productivity decrease during the Great Depression remains a puzzle. …

differences are of minor importance. What is all-important is total factor productivity. In addition, the paper presents industry …

. In response to the crisis, these industries dramatically increased productivity. Labor productivity doubled in a few … years (whereas it had changed little in the preceding decade). Materials productivity increased by more than half. Capital … productivity increased as well. I show that most of the productivity gains were due to changes in work practices. Work practice …