several methods to decompose total factor productivity growth into secular and unexpected components. All our empirical …

Productivity and Nonconventional Costs -- III. Sectoral Shares in Product: A Cross-Section View -- IV. Sectoral Shares in Product …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of …