A major puzzle is that despite the apparent importance of innovation around the knowledge economy, UK macro performance … appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … labour shares, growth in labour and total factor productivity, and capital deepening. We find (a) MGVA was understated by …

or sector, it is their productivity advantage on the local firm to determine the positive effect on domestic productivity … significant and robust Veblen-Gerschenkrion effect. The initial total factor productivity advantage of MNEs on local firm acts as … a stimulus for productivity growth of local firms in the same region. …

with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers. …

total factor productivity (TFP) is endogenous and depends on the resource allocation. The model uncovers a novel tradeoff …

Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … balanced one in which China's productivity grows at the same rate in each sector, and an unbalanced one in which China …'s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …

This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using …

Productivity growth in Indian manufacturing is an important driver of overall growth, yet the issues related to its … measurement have still not been resolved. The issue of how to compute an aggregate productivity measure holds significance for two … reasons: one, the productivity of a firm should reflect the productivity of the lower levels, which comprise the aggregate …

of a technique depends on both the productivity embodied in the technique and the cost of the particular input; when … productivity depends on whether the lower cost firms are the important suppliers of inputs. When the share of intermediate goods in … production is high, the lower cost firms are selected as suppliers more frequently. This raises aggregate productivity and also …