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 …

years (1929-41)? A continuing downward trend in TFP growth within manufacturing, and its declining share after World War II …, help provide answers to the latter question. A persisting productivity windfall associated with the build out of the … developments whose origins are to be found prior to the Second World War …

We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …

This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …

rates of total factor productivity in distinct consumption- and investmentgoods- producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …

for each 4-digit SIC code. Our framework uses the Petrin and Levinsohn (2008) definition of aggregate productivity growth …

1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment …

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 …