investigate different identification schemes for bi-variate systems comprising U.S. stock prices and total factor productivity …. The former variable is viewed as reflecting expectations of economic agents about future productivity. It is found that … used for total factor productivity. -- Cointegration ; Markov regime switching model ; vector error correction model …

knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …

In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US. …

their productivity draws at the entry stage and explore the implications in closed and open economy. By allowing firms to … productivity with a shape parameter that depends on industry-level characteristics. A novel result is that export opportunities, by …

productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …

things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …

particular, an increase in the volatility of idiosyncratic productivity shocks significantly decreases aggregate output without …