Showing 1 - 10 of 9,013
's adjusted TFP data to identify impulse responses to news shocks about future productivity in a structural VAR. The vintage of …
Persistent link: https://www.econbiz.de/10012456521
This paper discusses two simple decompositions for aggregate productivity analysis in the presence of distortions and …, accurately measures changes in aggregate productivity in disaggregated economies with distortions. These formulas apply to any … empiricists and theorists alike. Potential applications of these formulas include: (1) decomposing aggregate productivity into its …
Persistent link: https://www.econbiz.de/10012479640
We provide a general non-parametric formula for aggregating microeconomic shocks in general equilibrium economies with distortions such as taxes, markups, frictions to resource reallocation, and nominal rigidities. We show that the macroeconomic impact of a shock can be boiled down into two...
Persistent link: https://www.econbiz.de/10012453706
This paper analyzes the role productivity growth had on disinflation in Chile during the 1990s. It argues that … productivity growth was key in avoiding the output costs of stabilization in a highly indexed economy. Disinflation from the early … performance, which combined simultaneously very high rates of growth and declining inflation, productivity stands high. The …
Persistent link: https://www.econbiz.de/10012468333
, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three …
Persistent link: https://www.econbiz.de/10012480697
how this leads to an underestimation of productivity growth in the early years of a new GPT, and how later, when the … benefits of intangible investments are harvested, productivity growth will be overestimated. Our model generates a Productivity … J-Curve that can explain the productivity slowdowns often accompanying the advent of GPTs, as well as the increase in …
Persistent link: https://www.econbiz.de/10012480800
We study the impact of firm level choices of ICT, R&D, exporting and importing on the evolution of productivity and its … "techies". We develop a methodology for estimating firm level productivity that allows us to measure both Hicks-neutral and … from 2009 to 2013. We find that techies and importing of intermediate inputs raise skill-biased productivity, while imports …
Persistent link: https://www.econbiz.de/10012480946
This paper examines trends in the aggregate productivity of the pharmaceutical sector over the past three decades. We … incorporate Ricardo's insight about demand-driven productivity in settings of variable scarce resources, and estimate the industry … decline in the marginal productivity of industry investments that might suggest significant supply-side frictions. While we …
Persistent link: https://www.econbiz.de/10012455960
imputed data for at least one variable used to compute total factor productivity. The Bureau primarily imputes for missing …
Persistent link: https://www.econbiz.de/10012456110
Starting in the early 1990s, countries in southern Europe experienced low productivity growth alongside declining real … productivity losses from capital misallocation over time. We develop a model with size-dependent financial frictions that is … factor productivity as capital inflows are misallocated toward firms that have higher net worth but are not necessarily more …
Persistent link: https://www.econbiz.de/10012457215