How do innovation and education policy affect individual career choice and aggregate productivity? This paper analyzes … the various layers that connect R&D subsidies and higher education policy to productivity growth. We put the development …

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … in a general equilibrium model of establishment productivity where the distribution of productivity is characterized in … productivity improvement thereby altering the productivity distribution and equilibrium prices (dynamic effect), further lowering …

) 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 …

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 …

the capital stock, and the increase of multifactor productivity. I calculate a likely growth rate of 2.6 percent a year …

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 …

United States relative to Japan. High productivity growth in the traded sector of the Japanese economy results in a …

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 …

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