I propose a new decomposition of aggregate total factor productivity. I model productivity as an index of unmeasured … factors of production, and decompose the conditional factor demand for this index. With this model of productivity, changes in … the price of labor or capital cause substitution to or from productivity. I study whether such changes explain the …

This paper introduces new estimates of recent productivity developments in the United States, using an appropriate … continued strong performance of U.S. productivity since 2000. We find that the major sectoral players in the late 1990s pickup … were not contributors to the more recent surge in productivity. Rather, striking gains in MFP in the finance and business …

This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of …

Recent pre-crisis growth accounting exercises attribute strong productivity growth toincreased investments in …-EU productivity gapare confirmed for Germany, particularly showing no substantially economy-wide effectsfrom ICT for German sectors …

R&D investments on productivity and on the induced innovation hypothesis for both inputs and outputs. The approach …

narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak … employment are much less affected. In contrast, personal income tax cuts trigger a short-lived boost to GDP, productivity and … utilization and show that these features generate a pro-cyclical response of productivity which is key to account for our …