We demonstrate that common modeling assumptions underlying micro-unit productivity indices induce biases in the … evolution and decomposition of standard aggregate productivity measures. After controlling for such biases, we decompose … aggregate productivity based on groups of economically significant firm types. We show that large incumbent firms that both …

during the crisis in 2008 and 2009, ICT-intensive firms were hit less hard with respect to their productivity. This holds in … innovations during that period which could explain their better productivity performance compared to non-ICT intensive firms. …

accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we …

Total factor productivity (TFP) is considered the key determinant of long-term and sustainable economic growth. The … mostly driven by the rise and fall of the capital-to-labor ratio (capital deepening) while the role of labor productivity is …

factor revenue productivity across firms within an industry could have boosted valued-added 48 percent and 79 percent above …

We measure the causal effect of negative credit supply shocks on firms' productivity growth, systematically exploring … the distinction between the effect on technical productivity growth (TFPQ, the quantity of physical units produced per … unit of inputs) and revenue productivity growth (TFPR, the product of TFPQ and output prices). We show that this …

models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a …-level exposure to the 2008-9 financial crisis, I show that tight credit reduced investments in productivity-enhancement, and has … 12% higher today if productivity-enhancing investments had grown at pre-crisis rates. …