Typically measures of multifactor productivity growth have been based on a production and optimization framework that … utilization indexes, and on the adjustment of observed productivity measures for the effects of short run fixity characterized by … capacity utilization adjustments for productivity growth measures. The resulting framework is then used to identify empirically …

Although a great deal of empirical research on productivity measuremant has taken place in the last decade, one issue … remaining particudarly controversial and deaisive is the manner by which one adjusts the productivity residual for variations in … that for the U.S. manufacturing sector, we can attribute about 50% of the traditionally measured decline in productivity …

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 …

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 …

The present study is a contribution to the theory of the measurement of productivity growth. First, it examines the … welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index … of productivity growth rates of different sectors which uses current output weights. Second, it lays out a technique for …

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 …

that this quantitative approach typically abstracts from: trade-induced changes in domestic productivity. Using a model of … sequential production, in which trade induces a reorganization of production that raises domestic productivity, we show that the …

Economists have long recognized that total factor productivity is an important factor in the process of economic growth … assumptions. Total factor productivity growth is estimated as a residual, using index number techniques. It is thus a measure of … our ignorance,' with ample scope for measurement error. Another source of controversy arises from sins of omission, rather …