following three facts: 1. Since the early 1970's there has been a slump in the advance of productivity. 2. The price of new … explanations are: 1. Productivity slowed down because the implementation of information technologies was both costly and slow. 2 …

The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …

In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four …

Measured productivity growth increased substantially during the second half of the 1990s. This paper examines whether … productivity growth does appear to arise from an increase in technological change. Cyclical utilization raised measured … productivity growth relative to technology growth in the first part of the expansion, but lowered it subsequently. Factor …

Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …

such models in analyzing the production structure, the determinants of variable and quasi-fixed factors, and productivity … growth. The paper also discusses the traditional approach to productivity analysis based on the Divisia index number …