. 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 …

output and measured TFP in the range of 30 to 50 percent. We show that these effects can result from policies that do not … generate differences in capital accumulation, relative prices, and measured TFP …

-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at … business cycles in emerging markets and, importantly, assigns a negligible role to nonstationary productivity shocks …

product devoted to investment in computers, telecommunications equipment, and software rose sharply after 1995. The … contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input … and productivity growth from the Non-IT sector lagged far behind the United States. Our projection of potential economic …

and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its … inclusion in the TFP measure). However, computerization is positively associated with occupational restructuring and changes in … is positively related to industry productivity growth. The effects are very modest -- adding at most 0.07 percentage …

, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played … by the investment rate in the long-run performance of the economy. Evidence from the states suggests that the effects of … indicate a substantial role for human capital accumulation in raising productivity, in contrast to the neoclassical focus on …

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … misallocation in a model where establishment-level productivity is endogenous and responds to the same policy distortions that … units (static effect), but also create disincentives for productivity improvement (dynamic effect) thereby affecting the …

incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of …