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 … matters. New developments in micro-level productivity analysis are also reviewed, and the long-standing question of net versus …

1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment …

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

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 …

affecting productivity. By contrast, sentiment shocks in non-G7 countries predict prolonged economic growth and a corresponding … increase in productivity. The results suggest that sentiment can indeed create economic booms, but only in less advanced …

This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert … the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb … that in the Post-War period, disembodied productivity grew faster in the hard-to-measure than in the non-manufacturing easy …