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Productivity growth in the U.S. economy jumped during the second half of the 1990s, a resurgence that the literature … input, and productivity performance. Second, we examine the extent to which information technology producing and information … technology-using industries have contributed to the aggregate multifactor productivity revival. Our results suggest that while …
Persistent link: https://www.econbiz.de/10012718101
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 …
Persistent link: https://www.econbiz.de/10011477079
and to estimate the contribution of aggregate input growth and total factor productivity (TFP) growth to income growth …
Persistent link: https://www.econbiz.de/10014225089
productivity (TFP). We continue this line of work by documenting the importance of TFP differences in explaining cross sectional …
Persistent link: https://www.econbiz.de/10014220382
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 …
Persistent link: https://www.econbiz.de/10012709388
into account. The data are used to study total factor productivity, labour and capital productivity developments in a … changes in labour services and the composition thereof, as drivers of value added and labour productivity growth. Significant …
Persistent link: https://www.econbiz.de/10012154247
Two alternative measures of demand adjusted capital input for the U.S. non-farm private business sector are derived and their differential impacts on the potential supply of output are compared to those obtained using the unadjusted index of capital input published by the Congressional Budget...
Persistent link: https://www.econbiz.de/10012869529
-factor productivity (TFP) growth for U.S. states over 1980 to 2010. Our growth accounting exercise shows that the current literature … considerably lower in magnitude when compared to the earlier studies. Productivity growth effects associated with high school … education remain insignificant. Our empirical findings are further validated by the use of instrumental variable estimation to …
Persistent link: https://www.econbiz.de/10012948192
Persistent link: https://www.econbiz.de/10003316795
Persistent link: https://www.econbiz.de/10003316806