We prove that the change in welfare of a representative consumer is summarized by the current and expected future … values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations …

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … calculate welfare gaps and growth rates in a sample of developed countries with high-quality total factor productivity and …We show that the welfare of a country's infinitely-lived representative consumer is summarized, to a first order, by …

?intensive firms. Comparing the impacts on productivity and wage costs shows that ICT raise the profitability of training high …

estimated in order to explore differences in labor productivity between IT outsourcing and non-IT outsourcing firms. This … positively affecting firms? labor productivity. An additional analysis indicates that IT outsourcing, in the medium-term, has a …

This paper examines the relationship between firm multifactor productivity growth (mfp) and changing skill levels of …

competitiveness (i.e. productivity, wages and profits) while controlling for key econometric issues such as time-invariant unobserved … competitiveness vary across sectors: while temporary employment is found to enhance productivity and profits in (labour …

The paper analyzes the link between human capital and firm-level productivity in five Asian countries. It draws on a … productivity. The productivity of small and medium-sized enterprises (SMEs) is enhanced by a higher level of skills and education …

aggregate productivity growth. The framework is not derived from economic theory and it implies that productivity levels … determine the contribution from reallocation and firm turnover. In this paper, I outline an index for aggregate productivity … productivity growth should be based on the profitability, and not the productivity, of these firms. …

preferences of our field participants and their productivity at work. We also find that the stock of social preferences evolves …