monopoly power. In this economy, measures of total factor productivity (TFP) growth in terms of quantities (the primal) and … rather than the top down. We show an example, for Singapore, of how incomplete data can be used to obtain estimates of … estimates in Singapore and to resolve other empirical puzzles regarding Asian development …

imperfections in output and capital markets. For instance, in Singapore, growth-accounting studies using quantities (the primal … approach) find rising capital-output ratios and a constant labor share; but studies using real factor prices (the dual approach … approach. Further, declining pure profits can reconcile the constant or rising labor shares in revenue in the NIEs with …

After 2004, measured growth in labor productivity and total-factor productivity (TFP) slowed. We find little evidence … of IT -- so our adjustments make the slowdown in labor productivity worse. The effect on TFP is more muted. Second, many … quantitative effect on productivity was larger in the 1995-2004 period than since, despite mismeasurement worsening for some types …