Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private … public pension systems, among other things. However, estimates of recent and expected productivity growth rates suffer from … undergo important revisions.This paper documents the statistical (un)reliability of several measures of aggregate productivity …

Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private … public pension systems, among other things. However, estimates of recent and expected productivity growth rates suffer from … productivity growth in the U.S. by examining the extent to which they are revised over time. The authors also examine the extent to …

examines the effect of the various user cost formulae on the measured multifactor productivity growth …

The present study contributes to the analysis of economic growth by comparing labour ant total factor productivity (TFP …. During the last 25 years, productivity growth has also known contrasted developments in the four countries, in particular as … been characterised by: (i) rapid economic growth and large productivity gains in the four countries; (ii) a decline in …

countries. On the other hand, analysts ask whether there is a productivity gap — whether Canada is equally efficient in … investigate the size of the output and productivity gaps between the two countries over the period from 1994 to 2002 and ask how …

' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity …

their association with productivity growth across 19 sectors in UK manufacturing between 1970 and 1992. Using the … in 1970. Sectors classified as relatively open enjoyed significantly higher rates of total factor productivity (TFP … productivity and lagged values of each of the observed measures of openness. This relationship was explained by a strong …

service value added, and it follows from a unified model of bank operation that integrates risk and the measurement of bank … dispersion in productivity levels across BHCs. This implies that one potential benefit of bank mergers is the acquisition by more … productive banks of less productive banks, thereby improving the targets' productivity. The cost function also yields an estimate …

I propose a new decomposition of aggregate total factor productivity. I model productivity as an index of unmeasured … factors of production, and decompose the conditional factor demand for this index. With this model of productivity, changes in … the price of labor or capital cause substitution to or from productivity. I study whether such changes explain the …

, help provide answers to the latter question. A persisting productivity windfall associated with the build out of the …