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 …

. However, productivity growth remains sluggish in recent years. One potential reason is that a significant share of the … productivity. We document that a significant share of R&D spending in the U.S. is done by pharmaceutical firms and is geared to … may not be reflected in estimates of total factor productivity …

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 …

, 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 …

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 …

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 …

imputed data for at least one variable used to compute total factor productivity. The Bureau primarily imputes for missing …

's adjusted TFP data to identify impulse responses to news shocks about future productivity in a structural VAR. The vintage of …

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 …