shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Profit shifting increased in the …Beginning in 2004, official statistics display a slowdown in U.S. productivity growth. We show how offshore profit … mid- 1990s, resulting in lower measured productivity growth. We construct value added adjusted for profit shifting. The …

how offshore profit shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Under …Official statistics display a significant slowdown in U.S. aggregate productivity growth that begins in 2004. We show … measures of U.S. aggregate productivity growth. We construct an alternative measure of value added that adjusts for profit …