This paper examines the impact of unionization on profit- ability, growth and productivity using time series data on … analysis is that information about union wage and productivity effects is not sufficient to permit prediction of the sign (or … negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by …

productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i … variance of aggregate productivity growth is determined mainly by the arrival rate of general innovations. Ceteris paribus, the … increase in firm-level volatility, and a decline in aggregate volatility. The effect on productivity growth is ambiguous. On …

model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … growth than the sum of the contributions of parent and affiliate employment, and materials; (2) productivity has boomed since … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …

reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal … marginal responsiveness of employment growth to business-level productivity has weakened. The responsiveness in the post-2000 … in the 1990s. Counterfactuals show that weakening productivity responsiveness since 2000 accounts for a significant drag …

. These features motivate us to build a model in which increased volatility of firm level productivity shocks generates a …

US, individual firms' stock returns correlate positively with their own productivity growth, yet the market return … correlates negatively with aggregate productivity growth, yet. This seeming fallacy of composition reflects Schumpeterian … creative destruction: a few technology winners' stocks rise with their rising productivity while many technology losers' stocks …