of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in … services have also grown significantly in terms of both value-added share and productivity. The results are robust to different …

growth model using country panel data from 1950-2015. We then juxtapose the estimates with predicted shifts in population age …

sustained growth. This transition is inevitable given positive rates of total factor productivity growth. We use a standard …

This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than …

demand assumptions. In contrast to dynamic panel methods, our proposed estimator can be implemented on very short panels …

as a high-dimensional aggregation problem: The effect of electricity consumption on emissions can be estimated precisely …. Under an additional assumption of sparsity, we show that our new estimator solves the high-dimensional aggregation problem …

aggregate production functions by deriving their first- and second-order properties. Our aggregation formulas provide non …-parameteric characterizations of the macro elasticities of substitution between factors and of the macro bias of technical change in terms of micro … sufficient statistics. They allow us to generalize existing aggregation theorems and to derive new ones. We relate our results to …

Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models … aggregate productivity changes into several terms, each of which has an economic interpretation. However, many of these terms …