The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety … that firm productivity temporarily declines upon announcements of speculative takeover rumors that do not materialize. This … productivity dip is more pronounced for targets and for firms in countries with weaker employee rights and less long …