A large body of work has highlighted the importance of employment reallocation as a driver of aggregate productivity … productivity variation across firms. As many theories would predict, worker flows from lower- to higher-productivity firms are … occur “down the firm productivity ladder.” This process is also highly heterogeneous along several dimensions. Up …

Aggregate data show a large and decades-long decline in construction sector productivity. This decline in such a large … sector has had a material effect on secular productivity growth for the economy as a whole. Prior work has focused on the … role of potential measurement problems in construction, particularly output deflators in the measurement of productivity …

In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12 percent of annual GDP … local governments may be a permanent decline in the growth rate of aggregate productivity and GDP …

Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control … productivity; (ii) the labor productivity of state-owned firms converged to that of private firms; (iii) the capital productivity … of state-owned firms remained significantly lower than that of private firms; and (iv) total factor productivity (TFP …

in Chinese firms by nearly 600 billion dollars, while China’s official net creditor position to the rest of the world is …

affecting productivity. By contrast, sentiment shocks in non-G7 countries predict prolonged economic growth and a corresponding … increase in productivity. The results suggest that sentiment can indeed create economic booms, but only in less advanced …

productivity-gap between industry leaders and followers, and slower productivity growth. Support for the model's key mechanism is …

This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an … earnings growth variance can be attributed to job mobility, which interacts with productivity shocks. We evaluate the effects …