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 …

Researchers interested in estimating productivity can choose from an array of methodologies, each with its strengths … evaluate three productivity debates using a panel of manufacturing plants in Colombia. The different methods generate … surprisingly similar results. Correlations between alternative productivity estimates are invariably high. All methods confirm that …

how this leads to an underestimation of productivity growth in the early years of a new GPT, and how later, when the … benefits of intangible investments are harvested, productivity growth will be overestimated. Our model generates a Productivity … J-Curve that can explain the productivity slowdowns often accompanying the advent of GPTs, as well as the increase in …

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 …

We propose a new measure of allocative efficiency based on unrealized increases in aggregate productivity growth. We …

Since 1995, growth in productivity in the United States appears to have accelerated dramatically. In this paper, we … cause conventionally measured growth in real output and productivity to be overstated. Building on the GDP function approach … year, or about 20%, of the 1995-2006 apparent increase in productivity growth for the U.S. economy. Bias in the price …

accounting, with innovativeness being a parallel notion to that of (total factor) productivity. We provide an illustration of the …

productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of … productivity using three proxies for capital services. We find that adjusting for cyclical movements in capital utilization alters … many of the empirical characteristics of productivity, both within and across countries …

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 …