Artículo de revista ; The average annual growth rate of GDP can be formulated algebraically as a weighted average of … the quarter-on-quarter growth rates of the preceding and the current year. Sometimes this can give rise to … counterintuitive results and misinterpretations of how the economy is evolving. For example, a given sequence of GDP growth rates, in …

productivity (TFP) growth. Our method accounts for profits and adjustment costs, and uses firm surveys to proxy for changes in … factor utilization. Using it to compute TFP growth rates in the United States and in five European countries since the early … 1990s, we obtain results that substantially differ from the ones obtained with standard methods (i.e., Solow growth …