contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input …In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on … product devoted to investment in computers, telecommunications equipment, and software rose sharply after 1995. The …

and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the …

This paper extends previous research on the effect of investment on labor productivity at the country level by … accounting for investment in R&D, as well as for investment in fixed and human capital. Privately-funded R&D investment is found … to have a significant positive effect on productivity. Moreover, this effect appears to be quite large. The estimated …

How will a nation's aggregate urban productivity be affected by climate change? The joint distribution of climate … heterogeneous firms within an industry. Our analysis suggests that high productivity firms are more likely to adopt AC since they … suffer larger productivity losses when it is hot. Given that the most productive firms produce a disproportionate share of …

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … higher rates of physical capital accumulation and greater total factor productivity gains. These (relatively) high rates of …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …

Starting from the same level of productivity and per-capita income as the United States in the mid-nineteenth century … productivity has almost converged, its income per person has leveled off at about three-quarters of America's. How could Europe be …

The present study is the third in a series of three papers devoted to issues in the measurement of productivity and … productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops … useful supplement to existing data sets. Second, there has clearly been a rebound in labor-productivity growth in recent …

the labor productivity of workers across the age distribution, while one-third arises from slower labor force growth. Our …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …

. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment … 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …