adoption costs imply that the Solow residual mismeasures productivity growth: adoption costs are resource costs representing an … unmeasured investment. I find that when this investment is included, productivity grew about 0.4% per annum faster than official … measures during the 70's and early 80's, reducing the size of the productivity "slowdown." Indeed, estimated productivity …

Deficits" discussion of the 1980s. In contrast, during the 1990s productivity growth has been identified as the primary cause … importance of budget deficits and productivity shocks for the determination of the current account. Using a sample of 21 OECD … current account, while country-specific productivity shocks appear to play a key role. JEL Classification: E62, F32, F41 …

aggregate productivity growth during the socialist and reform periods in six transition economies. Modifying a standard … decomposition technique to better reflect the role of firm entry, we find that reallocation rates and productivity contributions are … very low under socialism. After reforms, they rise dramatically, and productivity contributions greatly exceed those …

Since the mid-1980s many authors have investigated the influence of information technology (IT) on productivity. Until … recently there has been no clear evidence that productivity increases as a result of IT spending. This productivity paradox is … industry. Products are often differentiated by quality attributes of the service provided, rather than merely the physical …

rates of total factor productivity in distinct consumption- and investment-goods-producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …

introduction of process and product innovations exerts on productivity, as well as on the role played by R&D and fixed capital … has a large impact on productivity. Furthermore, R&D spending is strongly positively associated with the probability of … that, in our sample, R&D affects productivity growth by facilitating the absorption of new technologies. …

In this paper we measure, at sectoral level, the sources of Spanish productivity growth, distinguishing among the roles … played by labor productivity, the degree of factor substitution and total factor productivity (Solow residual). In terms of … value added, total factor productivity growth in the manufacturing sector is higher than in services (2.4% and 1 …

of a firm's performance. Two alternative definitions of efficiency are proposed: relative productivity and profitability …