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 …

-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 …

expenditures increase measured productivity. These departures provide a novel quantitative theory to explain recessions like those …

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 …

productivity or employment conditions. Moreover these conditions tend to be persitent across time, weakening the belief that once …

This paper estimates the impact of industrial agglomeration on firm-level productivity in Chinese manufacturing sectors … productivity-boosting effect, but agglomeration of urban population (i.e. urbanization) has no such effects. Additionally, the …

productivity. Using transaction-level data, we confirm that Chinese exporters add new products that are less capital-intensive than …