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 …

Many manufacturing industries, including the computer industry, have seen large increases in productivity growth rates … vintage capital model is introduced where learning increases productivity on any given technology and firms choose when to …

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 …

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 …

expenditures increase measured productivity. These departures provide a novel quantitative theory to explain recessions like those …