Typically measures of multifactor productivity growth have been based on a production and optimization framework that …. This paper focuses on the distinction between short and long run production behavior represented by economic capacity … utilization indexes, and on the adjustment of observed productivity measures for the effects of short run fixity characterized by …

end-of-period stocks. We also derive measures of productivity and capacity utilization for the adopted modeling framework …

adjust traditional measures of multi factor productivity growth for variations in short-run utilization …

productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … production and a low marginal cost of replication, sectors can share the cost to forecast their sector-specific productivity … explores complementarity in information acquisition. Because information about future productivity has a high fixed cost of …

conducting analysis in a macroeconomic model that is designed to respect both neoclassical theory and empirical regularities …