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 …

-37. In this time period, real wages were countercyclical, and productivity and fiscal policy were procyclical. We use the … in productivity and fiscal policy were also important for the decline and recovery. Even though our analysis is limited …

Recent research reports contradictory estimates of productivity growth for the newly industrialized economies (NIEs) of …

Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …

Measured productivity growth increased substantially during the second half of the 1990s. This paper examines whether … productivity growth does appear to arise from an increase in technological change. Cyclical utilization raised measured … productivity growth relative to technology growth in the first part of the expansion, but lowered it subsequently. Factor …

U.S., but measured total factor productivity has decelerated rather than accelerated in recent years. We ask whether ICT …