plausible) trend breaks in productivity, the treatment of hours is relatively unimportant: Hours fall sharply on impact … following a technology improvement. The issue is the common high-low-high pattern of hours per capita and productivity growth …

We account for the sources of world productivity growth, using data for more than 36 industries and 40 major economies … markets. Productivity growth in advanced economies slowed but emerging markets grew more quickly which kept global … productivity growth relatively constant until around 2010. After that, productivity growth in all major regions slowed. Much of the …

In the years since the Great Recession, many observers have highlighted the slow pace of productivity growth around the … the mid-1990s. We provide VAR and panel-data evidence that changes in real interest rates have influenced productivity … have triggered unfavorable resource reallocations that were large enough to reduce the level of total factor productivity …

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

Aggregate productivity and aggregate technology are meaningful but distinct concepts. We show that a slightly modified … Solow productivity residual measures changes in economic welfare, even when productivity and technology differ because of …-technological gaps between productivity and technology, gaps reflecting imperfections and frictions in output and factor markets …

Historically, U.S. labor productivity (output per hour) and total factor productivity (TFP) rose in booms and fell in …, however, the procyclicality of productivity has waned. TFP has been roughly acyclical with respect to inputs, whereas labor … productivity has become significantly countercyclical. The slow pace of productivity growth after 2010, when the post …