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 …

for the Canada-U.S. productivity and income gaps; the importance of skills for innovation and productivity; the diffusion …The fourth issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards … contains five articles. Topics covered are: recent productivity developments in the United States and Canada and implications …

This article, by Ian A. Stewart, is a review of the recently released Industry Canada research volume Productivity … the volume represents an important contribution to the productivity literature in Canada. He points out that data and … the macroeconomic perspective in the analysis of productivity growth. He believes that the golden age of productivity …

.S. productivity levels during the postwar period and finds strong evidence for this phenomenon up to 1990, with rapid growth in … the narrowing of the productivity gap with the United States, and perhaps most important, the acceleration of productivity …

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 …