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Aggregate Productivity and the Productivity of Aggregates

Basu, Susanto; Fernald, John - National Bureau of Economic Research (NBER) - 1995

Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models … aggregate productivity changes into several terms, each of which has an economic interpretation. However, many of these terms …

Persistent link: https://www.econbiz.de/10005248684

Productivity and the Welfare of Nations

Basu, Susanto; Schiantarelli, Fabio; Servén, Luis; … - National Bureau of Economic Research (NBER) - 2012

total factor productivity (TFP) and by the capital stock per capita. These variables suffice to calculate welfare changes …

Persistent link: https://www.econbiz.de/10011227907

Productivity, Welfare and Reallocation: Theory and Firm-Level Evidence

Basu, Susanto; Schiantarelli, Fabio; Servén, Luis; … - National Bureau of Economic Research (NBER) - 2009

summarized to a first order by the current and expected future values of the Solow productivity residual in level and by the …

Persistent link: https://www.econbiz.de/10008627155

Cyclical Productivity with Unobserved Input Variation

Basu, Susanto; Kimball, Miles Spencer - National Bureau of Economic Research (NBER) - 1997

In this paper, we derive and estimate relationships governing variable utilization of capital and labor for a firm solving a dynamic cost-minimization problem. Our method allows for (i) imperfect competition, (ii) increasing returns to scale, (iii) unobserved changes in utilization, (iv)...

Persistent link: https://www.econbiz.de/10005714045