change from that of production factors, with the residual serving as a measure of total factor productivity growth. His … place in the 1950s and 1960s (measurement issues, increasing returns to scale or procyclical productivity). They both have …

productivity of the rest of the economy …

positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive …

. Long-run identifying restrictions are used to decompose productivity, hours, and output into technology shocks and non …