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Declining dynamism, allocative efficiency, and the productivity slowdown

Decker, Ryan A.; Haltiwanger, John C.; Jarmin, Ronald S.; … - 2017

reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these …

Persistent link: https://www.econbiz.de/10011708266

Changing business dynamism and productivity : shocks vs. responsiveness

Decker, Ryan A.; Haltiwanger, John C.; Jarmin, Ronald S.; … - 2018

The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job … reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal … pervasive post-2000 decline in reallocation reflects weaker responsiveness in a manner consistent with rising adjustment …

Persistent link: https://www.econbiz.de/10011803797

Accounting for Productivity Dispersion Over the Business Cycle

Kurtzman, Robert J. - 2016

This paper presents accounting decompositions of changes in aggregate labor and capital productivity. Our simplest decomposition breaks changes in an aggregate productivity ratio into two components: A mean component, which captures common changes to firm factor productivity ratios, and a...

Persistent link: https://www.econbiz.de/10013210404

Shifting Trends in Semiconductor Prices and the Pace of Technological Progress

Sichel, Daniel E. - 2006

This paper examines three questions motivated by previous research on semiconductors and productivity growth: Why did semiconductor prices fall so rapidly in the second half of the 1990s, why has the rate of price decline slowed since 2001, and to what extent are these price swings associated...

Persistent link: https://www.econbiz.de/10012732466

Intangible Capital and Economic Growth

Corrado, Carol A. - 2006

Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is beginning to change, but our estimates suggest that as much as $800 billion is still excluded from U.S. published data (as of 2003), and that this leads to the exclusion of more...

Persistent link: https://www.econbiz.de/10012732623

ICT Services and Their Prices : What Do They Tell Us About Productivity and Technology?

Byrne, David M. - 2017

This paper reassesses the link between ICT prices, technology, and productivity. To understand how the ICT sector could come to the rescue of a whole economy, we extend a multi-sector model due to Oulton (2012) to include ICT services (e.g., cloud services) and use it to calibrate the...

Persistent link: https://www.econbiz.de/10012962701

Sectoral Productivity in the United States : Recent Developments and the Role of IT

Corrado, Carol A. - 2014

This paper introduces new estimates of recent productivity developments in the United States, using an appropriate theoretical framework for aggregating industry MFP to sectors and the total economy. Our work sheds light on the sources of the continued strong performance of U.S. productivity...

Persistent link: https://www.econbiz.de/10012709388

Accounting for innovations in consumer digital services : IT still matters

Byrne, David; Corrado, Carol - 2019

This paper develops a framework for measuring digital services in the face of ongoing innovations in the delivery of content to consumers. We capture what Brynjolfsson and Saunders (2009) call "free goods" as the capital services generated by connected consumers' stocks of IT digital goods; this...

Persistent link: https://www.econbiz.de/10012181748

Explaining a Productive Decade

Oliner, Stephen D.; Sichel, Daniel E.; Stiroh, Kevin J. - 2008

This paper analyzes the sources of U.S. productivity growth in recent years using both aggregate and industry-level data. We confirm the central role for information technology (IT) in the productivity revival during 1995-2000 and show that IT played a significant, though smaller, role after...

Persistent link: https://www.econbiz.de/10014216571

The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977-2000

Corrado, Carol A.; Lengermann, Paul; Slifman, Larry - 2007

In this paper, we decompose aggregate labor productivity growth in order to gauge the relative importance of multinational corporations (MNCs) to the economic performance of the United States in the 1990s. As we define it, the MNC sector refers to the U.S. activities of multinational...

Persistent link: https://www.econbiz.de/10014049084

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