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 …

The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 …-term productivity trends using state-space approaches, we extract a common factor from these long-term trend series using factor … analysis. The country specific differences are only of second order importance. Dominant is an overall long-term productivity …

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …

Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem …

growth accounting, different estimates of total factor productivity emerge. The methodological difference, however, does not …

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …

-adjusted index of labor services. We find that Total Factor Productivity (TFP) growth decreases significantly when using the latter … method. This means that when using the alternative method one explains more of the growth in labor productivity than what a …

Productivity levels and growth are extremely heterogeneous among firms. A vast literature has developed to explain the … origins of productivity shocks, their dispersion, evolution and their relationship to the business cycle. We examine in detail … the distribution of labor productivity levels and growth, and observe that they exhibit heavy tails. We propose to model …