) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …

across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and … economic growth into capital-deepening and productivity components, to a more complex account of the growth process. In the … more complex account, capital and productivity interact, both are endogenous, and quality change in inputs and output …

factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of … that are more financially developed or have higher quality of institutions experience larger productivity growth responses …

productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. We provide a comprehensive analysis of the … relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various …

the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects … channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in …

leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …

In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four … things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …

restructuring process and that this is associated with the tight financial-market conditions that follow. This productivity cost of …

controversy continues today, even as the world is experiencing an unprecedented period of trade liberalization, and in spite of … faster productivity growth. Although the use of instrumental variables goes a long way towards dealing with endogeneity …

has led many economists to believe that productivity growth in these economies, particularly in their manufacturing … productivity) gains from an outward orientation. This view fails to take into account the equally unusual rapid growth of both … envelope calculations to show that, as regards productivity growth in the aggregate economy and in manufacturing in particular …