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 …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …

model is estimated in order to evaluate the sources of productivity growth: technological progress, technical efficiency … productivity growth, followed by gains in technical efficiency, and to a lesser extent by exploitation of scale economies. Overall …, we find an average productivity growth of 39 per cent within the sample period. -- European railways ; deregulation …