Labor productivity (LP) in the United States has gone from being procyclical to acyclical since the mid-1980s. Using … industry-level data, this paper first shows that total factor productivity (TFP), which is LP net of capital deepening, has … reasons for the change in the cyclicality of productivity. By decomposing TFP into technical change and input utilization, it …

Total Factor Productivity (TFP) explains around a 70% of the business cycle fluctuations , yet its traditional …

productivity of the rest of the economy …

Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …

This paper uses the data envelopment analysis (DEA) based Malmquist productivity index to estimate total factor … productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … Indian manufacturing industries. The paper then analyses the factors explaining productivity growth, technical change and …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors …

The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors … identify areas for further research. -- Productivity …

productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic …