. Long-run identifying restrictions are used to decompose productivity, hours, and output into technology shocks and non …

of the pre-WWII period, Japan's real GNP per worker was not much more than a third of that of the U.S., with falling … barrier, Japan's prewar GNP per worker would have been close to a half of the U.S. The labor barrier existed because, we argue …

regulation, rather than changes in productivity and trade, account for most of the emissions reductions …

The present study analyzes the "productivity slowdown" of the 1970s. The study also develops a new data set … -- industrial data available back to 1948 -- as well as a new set of tools for decomposing changes in productivity growth. The major … result of this study is that the productivity slowdown of the 1970s has survived three decades of scrutiny, conceptual …

According to unpublished data compiled by BLS, productivity in the construction industry reached a peak in 1968 and … this productivity decline between 1968 and 1978 by estimating a production function to assign weights to various factors … responsible for productivity change and deriving a new price deflator for construction which does not rely on labor or material …

their endogenous technology mechanisms can amplify and propagate the wage markup fluctuations observed in Japan over the … early 90s to drive a Japanese productivity slowdown. The model can reproduce the observed decline, relative to trend of Ramp … output, consumption, investment, TFP and hours worked in Japan during the quot;lost decadequot;, specially up to 1998. During …

Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations …

prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … both Japan and the U.S., innovations in stock prices that are contemporaneously orthogonal to TFP precede most of the long … run movements in total factor productivity and (ii) such stock prices innovations do not affect U.S. sectoral TFPs …