on average 20 to 30 percent less productive. As a source of income inequality and aggregate productivity loss, the …

A considerable literature has focused on the determinants of total factor productivity (TFP), prompted by the empirical … representative consumer is summarized by current and anticipated future Solow productivity residuals. The equivalence holds for any … parametrically. This result justifies total factor productivity as the right summary measure of welfare, even in situations where it …

: current and future total factor productivity and the capital stock per capita. These variables suffice to calculate welfare … production technology and the degree of market competition. It applies to open economies as well, if total factor productivity is … factor productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need …

productivity growth in Chile between 1992 and 2004. The authors estimate an extended production function where plant output growth … positive and significant effect of foreign direct investment in services on productivity growth of Chilean manufacturing plants … investment in services account for almost 5 percent of the observed increase in Chilean manufacturing productivity growth during …

The empirical evidence on whether participation in export markets increases plant-level productivity has been … productivity increases 4-5 percent for each additional year a plant has exported, after controlling for the effect of current … exports on total factor productivity. Learning-by-exporting is more important for young than for old plants and in industries …