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 …

In this paper, we exploit establishment-level data to examine the relationship between microeconomic productivity … dynamics and aggregate productivity growth. After synthesizing the evidence from recent studies, we conduct our own analysis … establishments plays a significant role in accounting for aggregate productivity growth; (ii) for the selected service industries …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning …

This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher … productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate …

, productivity is higher. The probabilistic matching model of Diamond, Mortensen, and others provides a way to make the idea of …