This paper examines the impact of the operations of foreign-owned multinational firms on the productivity growth of …-owned firms affects the productivity of local firms in that sector and whether there is any evidence of convergence between that … industry's productivity level and that of the United States. The main results can be summarized as follows: First, productivity …

This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert … the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb … that in the Post-War period, disembodied productivity grew faster in the hard-to-measure than in the non-manufacturing easy …

productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i … variance of aggregate productivity growth is determined mainly by the arrival rate of general innovations. Ceteris paribus, the … increase in firm-level volatility, and a decline in aggregate volatility. The effect on productivity growth is ambiguous. On …

The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …

is positively related to industry productivity growth. The effects are very modest -- adding at most 0.07 percentage … points to annual labor productivity growth …

We compute new estimates for Total Factor Productivity (TFP) growth in the United States and in five European countries …

We introduce a growth model of technology diffusion and endogenous Total Factor Productivity (TFP) levels both at the … disparities in sectoral productivity levels as well as aggregate TFP that can be attributed to the differences in the range of …

In this paper I evaluate the contribution of R&D investments to productivity growth. The basis for the analysis are the … free entry condition and the fact that most R&D innovations are embodied. Free entry yields a relationship between the … externalities. The resulting contribution of R&D to productivity growth in the US is smaller than three to five tenths of one …