, increases in productivity. We construct a technology-ladder model that captures this wisdom. As in other technology …

Total factor productivity (TFP) differs greatly across countries. In this paper, I provide a novel rationalization for …

measured productivity and distorts the picture of what is happening in the economy. In this paper, we incorporate expensed and … sweat equity in an otherwise standard business cycle model. We use the model to analyze productivity in the United States … understanding the dramatic rise in hours and the modest growth in measured productivity. …

model, economic fluctuations are driven by productivity shocks and by variations in government purchases and in distorting … taxes. The model is simulated using quarterly data on total factor productivity, government purchases, and the average tax …

I document that cross-country productivity differences in retail trade, which employs around 20% of workers, are … used and retail-sector productivity differences across countries. …

During the downturn of 2008–2009, output and hours fell significantly, but labor productivity rose. These facts have … investment in intangible capital is included in the analysis, there is no inconsistency. Measured labor productivity rises if the …

Suppose firms are subject to decreasing returns and permanent idiosyncratic productivity shocks. Suppose also firms can … productivity shocks tend to survive and others are forced to exit. This paper identifies assumptions about entry that guarantee a …