This paper analyzes productivity growth trends in emerging-market economies vis-à-vis advanced economies, both in the … recent global productivity slowdown and from a long-term perspective. While income has converged in most countries in the … last three decades, total factor productivity has diverged. Periods of high productivity growth coincide with episodes of …

-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at … business cycles in emerging markets and, importantly, assigns a negligible role to nonstationary productivity shocks …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …

slowdowns in total factor productivity (TFP) growth have been measured in many economies. This paper develops a model that can …

endogenous relation between productivity growth and the state of the economy. A large contractionary shock to equity financing in …

output and total factor productivity (TFP) in the wake of a crisis. Second, we develop a DSGE model with financial frictions …

their claim that part of the post-1995 productivity growth revival reflected the normal cyclical correlation between … productivity and output growth. In contrast data through mid-2003 reveal only a negligible cyclical effect for 1995-99 but rather a … temporary bubble in 2002-03. (2) Why did productivity growth accelerate after 2000 when the ICT investment boom was collapsing …

through its effect on productivity: the entry and exit of firms and the reallocation of resources from less to more efficient … firms explain a relevant part of transitional productivity dynamics. In this paper we use a stochastic general equilibrium …

During the four years 1995-99 U. S. productivity growth experienced a strong revival and achieved growth rates … transport, motion pictures, radio, indoor plumbing, and made the golden age of productivity growth possible. This paper raises … doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …