values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of … Britain, Italy, and Spain), using industry]level (EU]KLEMS) and firm]level (Amadeus) data. After adding further assumptions …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … contributions to welfare for a set of European OECD countries (Belgium, France, Great Britain, Italy, Spain), using industry …. -- Productivity ; welfare ; reallocation ; technology ; TFP …