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Combining micro and macro data, we construct demand-side shocks, which we take to be exogenous for individual firms. We estimate a reduced-form model to describe how firms adjust their production, employment, capital stock, and inventories in response to such shocks. Then, we chose the...
Persistent link: https://www.econbiz.de/10011867639
productivity differences, and the size-dependent distortions emphasized in the misallocation literature. Our findings indicate that …
Persistent link: https://www.econbiz.de/10013002439
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 …
Persistent link: https://www.econbiz.de/10013291771
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …
Persistent link: https://www.econbiz.de/10012239797
This paper examines the impact of workforce demographics on aggregate productivity. The age structure of the workforce … is found to have a significant impact on aggregate productivity. A large cohort of workers aged 40 to 49 is found to have … a large positive impact on productivity. Out of sample predictions of output growth from 1990 to 1995 predict 17% of …
Persistent link: https://www.econbiz.de/10014111194
determinants of the labor productivity growth for the manufacturing sector of some developed economies (Western European Countries … returns to scale. Capital growth and labor cost growth do not appear important in explaining productivity growth. The …-Verdoorn Law ; Productivity Growth ; Manufacturing Sector …
Persistent link: https://www.econbiz.de/10009687389
productivity growth in Canada. Results suggest that the impact of a positive relative price shock will - in the adjustment process … - lower productivity growth in the primary and the non-tradable sectors, and increase it somewhat in the manufacturing sector …. The overall impact appears to be slightly negative on aggregate labour productivity growth, but this effect is only …
Persistent link: https://www.econbiz.de/10010289727
Productivity growth is a key determinant of improvements in living standards in the long run. However, analysis of … productivity trends at the aggregate level does not capture the variation of firm and sub-industry productivity performance that … underlies industry or aggregate productivity. By examining the differences in productivity performance of firms in particular …
Persistent link: https://www.econbiz.de/10012126590
condition where firms pay a real wage that exceeds the market clearing level and varies with productivity; (ii) an open economy …
Persistent link: https://www.econbiz.de/10011952657
This paper explores the contribution of structural change and the skill upgrading of the labour force to productivity …. Our growth decomposition based on an original database we built for Tunisia and Turkey shows that productivity is mainly … explained by intra-industry changes during the import substitution period. Second, we show that this productivity increase has …
Persistent link: https://www.econbiz.de/10012174029