We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an … environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … sectoral productivity changes. We fi nd that such elasticities can vary signi cantly depending on the sectors and regions …

essentially unable to explain any effects of sectoral reallocation on aggregate productivity or related quantities (such as the … in this setting are then shown to have first-order effects on aggregate productivity and real wages, and can explain the …

This paper examines the role that computers have played in boosting U.S. economic growth in recent years. The paper … focuses on two effects--the effect of increased productivity in the computer-producing sector and the effect of investments in … computing equipment on the productivity of those who use them--and concludes that together they account for almost all of the …

Output growth is negatively correlated with inflation, and detrended output is positively correlated with inflation, in … the major North American and European economies. In addition, output growth and detrended output lead inflation. I explore …