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domestic firm-level aggregate employment, output, wages and productivity. Consistent with heterogenous firm models where …-offshorer. After initiating offshoring, firms experience large declines in employment (46.2 per cent), output (38.5 per cent) and … productivity measures for offshoring firms. These results are consistent across two separate difference-in-differences (DID …
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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 …
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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 … recent acceleration in U.S. labor productivity. In calculating the computer-usage effect, standard NIPA measures of the …
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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 the consistency of these correlations with three...
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