rates of total factor productivity in distinct consumption- and investment-goods-producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …

monopoly power. In this economy, measures of total factor productivity (TFP) growth in terms of quantities (the primal) and …

-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at … business cycles in emerging markets and, importantly, assigns a negligible role to nonstationary productivity shocks …

United States relative to Japan. High productivity growth in the traded sector of the Japanese economy results in a …

) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …

the capital stock, and the increase of multifactor productivity. I calculate a likely growth rate of 2.6 percent a year …

1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment …

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …