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decomposition of total factor productivity growth …
Persistent link: https://www.econbiz.de/10013223350
productivity increases by less, measured labor productivity growth falls compared to the middle period. However this fall reflects … productivity growth rates. Substantial variation in these growth rates remains within the 1929-1965 and 1965-1978 periods. Slow … quality-adjusted labor productivity growth during 1929-1948 is just offset by unusually rapid growth during 1948-1965; these …
Persistent link: https://www.econbiz.de/10013324155
The U.S. has been experiencing a slowdown in measured labor productivity growth since 2004. A number of commentators … challenges to this “mismeasurement hypothesis.” First, the productivity slowdown has occurred in dozens of countries, and its … output” resulting from the productivity growth slowdown. The largest—by some distance—is less than one-third of the …
Persistent link: https://www.econbiz.de/10012999443
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
In this survey, I discuss four sources of growth of knowledge: research, schooling, learning by doing, and training. In trying to disentangle what is important, I emphasize the following facts: (1) even the most advanced countries spend far more on adoption of existing technologies than on...
Persistent link: https://www.econbiz.de/10013239356
countries matters for productivity, because a country that imports primarily from technological leaders receives more technology … trade patterns in determining technology flows that affect productivity by using industry level data for machinery goods … imports and productivity in eight OECD countries between 1970-91. First evidence that these countries benefit more from …
Persistent link: https://www.econbiz.de/10013248239
differences between national or regional productivity growth rates, when there are constant static returns to scale in production … account for permanent international productivity growth differentials. An alternative mechanism is the nontradedness of an …
Persistent link: https://www.econbiz.de/10013308617
The role of agricultural productivity in economic development is addressed in a two-sector model of endogenous growth … predicts a positive link between agricultural productivity and economic growth and thus provides a formalization of the …
Persistent link: https://www.econbiz.de/10013228987
This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...
Persistent link: https://www.econbiz.de/10013055191
standard productivity measures. TFPQ performs poorly because of variation in product specifications across firms. Controlling … for specifications aligns TFPQ with lab benchmarks. We also collect quality metrics to construct quality productivity (the …-dimensional productivity, or capability. As quality productivity is negatively correlated with TFPQ, TFPR may perform better at capturing …
Persistent link: https://www.econbiz.de/10012894427