as well if TFP is constructed using absorption rather than GDP as the measure of output. They require that TFP be … rates in a sample of developed countries for which high-quality TFP and capital data are available. We find that under …

as well if TFP is constructed using absorption rather than GDP as the measure of output. They require that TFP be … rates in a sample of developed countries for which high-quality TFP and capital data are available. We find that under …

while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … (industries or firms) to aggregate welfare using readily available TFP data. Based on this finding, we compute firm and industry …

while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … (industries or firms) to aggregate welfare using readily available TFP data. Based on this finding, we compute firm and industry …

while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … (industries or firms) to aggregate welfare using readily available TFP data. Based on this finding, we compute firm and industry …

total factor productivity (TFP) and by the capital stock per capita. These variables suffice to calculate welfare changes … technology and the degree of product market competition. It applies to open economies as well, if TFP is constructed using … domestic absorption, instead of gross domestic product, as the measure of output. Welfare relevant TFP needs to be constructed …

parametrically. This result justifies TFP as the right summary measure of welfare (even in situations where it does not properly … aggregate welfare using readily available TFP data. We show how these results must be modified if the economy is open or if …