This paper presents accounting decompositions of changes in aggregate labor and capital productivity. Our simplest … decomposition breaks changes in an aggregate productivity ratio into two components: A mean component, which captures common changes … to firm factor productivity ratios, and a dispersion component, which captures changes in the variance and higher order …

This paper presents accounting decompositions of changes in aggregate labor and capital productivity. Our simplest … decomposition breaks changes in an aggregate productivity ratio into two components: A mean component, which captures common changes … to firm factor productivity ratios, and a dispersion component, which captures changes in the variance and higher order …

Labor productivity (LP) in the United States has gone from being procyclical to acyclical since the mid-1980s. Using … industry-level data, this paper first shows that total factor productivity (TFP), which is LP net of capital deepening, has … reasons for the change in the cyclicality of productivity. By decomposing TFP into technical change and input utilization, it …

productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …

We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices … TFPQ dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect on sales … facts, demand dispersion has unambiguously negative effects on output via a "wait and see" channel. Productivity dispersion …

We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … than productivity dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect … and see" channel. Productivity dispersion does not generate "wait and see" effects, but affects output negatively by …

find that relatively efficient (high total factor productivity (TFP)) firms exited while relatively inefficient (low TFP …. -- Total factor productivity ; Entry and exit ; Natural selection ; Directional selection ; Disruptive selection ; Evolution …

We revisit UK's poor productivity performance since the Great Recession by means of both a suitable theoretical … over time, and distinguish between quantity total factor productivity (TFP-Q), i.e., the capacity to turn inputs into more … physical output (number of shirts, liters of beer), and what we call revenue total factor productivity (TFP-R), i …

financial variables of Lithuanian firms. We focus in particular on the issues related to productivity, firm birth and death and … literature: trade participation and firm productivity are strongly positively linked, the 2008 recession has had a cleansing …