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) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10013131308
rates of total factor productivity in distinct consumption- and investment-goods-producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …
Persistent link: https://www.econbiz.de/10012759764
the capital stock, and the increase of multifactor productivity. I calculate a likely growth rate of 2.6 percent a year …
Persistent link: https://www.econbiz.de/10013148647
1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment …
Persistent link: https://www.econbiz.de/10012750319
United States relative to Japan. High productivity growth in the traded sector of the Japanese economy results in a …
Persistent link: https://www.econbiz.de/10014157561
The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …
Persistent link: https://www.econbiz.de/10014080444
We compute new estimates for Total Factor Productivity (TFP) growth in the United States and in five European countries …
Persistent link: https://www.econbiz.de/10014091114
How does a country's productivity growth a¤ect worldwide real incomes through international trade? In this paper, we … take this classic question to the data by measuring the spillover e¤ects of China's productivity growth. Our framework … the spillover e¤ects of China's productivity growth are small causing the real incomes of China's trading partners to …
Persistent link: https://www.econbiz.de/10013130268
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10013130964
, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …
Persistent link: https://www.econbiz.de/10013137012