and the role of labor hoarding as an explanation of procyclical productivity and the persistence of inventory stocks …

The recent debates on infrastructure spending have led to renewed interest in the measurement of infrastructure and its … effects on growth and well-being. This paper updates estimates of one important type of infrastructure capital—highways and … streets. We compare BEA's capital measures with more readily understood physical measures of road and lane miles, road quality …

Labour productivity stagnated in the UK in the years between the financial crisis and the emergence of Covid-19. At the … same time labour supply and employment grew strongly, driven primarily by net inward migration. While labour productivity … that around one-fifth, or 4pp, of the 25 log point fall in productivity from its previous trend can be explained by …

decisions, firm entry and exit, and transitory firm productivity shocks are incorporated into the model. Given that the cost of …

adverse consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that … data predicts 10 percent lower aggregate labor productivity in East Germany. …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …

productivity growth ; technology indicator ; technology shifter ; OECD countries …

We estimate how much of the gains from productivity spillovers through worker mobility is retained by the hiring firms …

interactions that increase productivity), possibly reinforced by localised natural advantage. To distinguish between them, we nest … larger cities left-truncates the productivity distribution whereas stronger agglomeration right-shifts and dilates the … cannot explain spatial productivity differences. This result holds across sectors, city size thresholds, establishment …

This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of … exogenous growth factors are used in modeling four technology shifter indices to explore development infrastructure, finances …