agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural … productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask …

slow pace of labor productivity growth that has prevailed since the mid-2000s. Does that result indicate that … inferred from official statistics (and less rapid outside high-tech). These results deepen the productivity puzzle. If the pace … more puzzling that overall labor productivity growth has been so sluggish in recent years …

shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Profit shifting increased in the …Beginning in 2004, official statistics display a slowdown in U.S. productivity growth. We show how offshore profit … mid- 1990s, resulting in lower measured productivity growth. We construct value added adjusted for profit shifting. The …

productivity. I begin with a discussion of productivity measures, their performance in recent decades, and key measurement puzzles …This paper provides a non-technical review of the literature and issues related to the measurement of aggregate … measurement to keep up with a changing economy? This section frames the issues and points to the most important and promising …

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 …

We propose a new measure of allocative efficiency based on unrealized increases in aggregate productivity growth. We …

aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment … productivity is shown to be ambiguous; conditions are given to determine its sign. An empirical lower bound on distortions based on … for distortions to explain large TFP gaps. The effect of curvature on the impact and measurement of distortions is also …

This paper provides the first estimates of within-industry heterogeneity in energy and CO2 productivity for the entire … U.S. manufacturing sector. We measure energy and CO2 productivity as output per dollar energy input or per ton CO2 … emitted. Three findings emerge. First, within narrowly defined industries, heterogeneity in energy and CO2 productivity across …

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 …