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performance: labor productivity and productivity growth over the 1992 to 1997 period. We use untapped firm and establishment micro … investment intensity and productivity growth. We found no evidence of a similar link between IT and growth in the number of …
Persistent link: https://www.econbiz.de/10010702153
This paper reexamines wage and price dynamics in response to permanent shocks to productivity. We estimate a micro …
Persistent link: https://www.econbiz.de/10010702169
New Keynesian macroeconomic models have generally emphasized that expectations of future output are a key factor in determining current output. The theoretical motivation for such forward-looking behavior relies on a straightforward generalization of the well-known Euler equation for...
Persistent link: https://www.econbiz.de/10010702177
This paper describes an attempt to build a regression-based system of labor productivity equations that incorporate the ….S. economy. Builders of regression-based forecasting models have long had difficulty finding labor productivity equations that … productivity. Theory dictates that this causation is driven by the effect of traditional capital deepening as well as technological …
Persistent link: https://www.econbiz.de/10010702185
employee voice, have been a significant component of the turnaround in productivity growth in the United States during the 1990 …s. Our work goes beyond measuring the impact of computers on productivity and finds that these types of workplace … innovation appear to explain a large part of the movement in multi-factor productivity in the United States over the period 1993 …
Persistent link: https://www.econbiz.de/10010702197
-normally distributed idiosyncratic productivity uncertainty and Leontief utilization choice yields an aggregate production function that is … about the productivity of an investment project typically reduces investment at the micro level, but it raises aggregate … hours and a medium-term expansion in the growth rate of labor productivity. …
Persistent link: https://www.econbiz.de/10010702216
Shifts in the long-run rate of productivity growth are difficult, in real time, to distinguish from transitory … fluctuations. We analyze the evolution of forecasts of long-run productivity growth during the 1970s and 1990s and examine in a … dynamic general equilibrium model the consequences of learning on the responses to shifts in the long-run productivity growth …
Persistent link: https://www.econbiz.de/10010702217
-2000 period. An aggregate TFP measure based on these series appears quite similar to the multifactor productivity measure … constructed by the BLS. We find statistical evidence of structural breaks in the growth rate of our productivity measures in 1973 … and 1995. The first of these breaks appears to be due to an economy-wide productivity slowdown, while the second is …
Persistent link: https://www.econbiz.de/10010702245
expenditures increase measured productivity. These departures provide a novel quantitative theory to explain recessions like those …
Persistent link: https://www.econbiz.de/10010702252
Nation's standard of living in the long term depends on its ability to attain a high and rising level of productivity … in the industries in which its firms compete. Good productivity not only supports high levels of income but allows …
Persistent link: https://www.econbiz.de/10010632207