productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask …

productivity. Such overestimation can be decomposed into two distinct channels: one is from the mismeasured factor share, and the … aggregate productivity is large, growing over time, and exhibits strong countercyclicality. This implies that recessions are … more severe than previously thought, in the sense that the lease-adjusted productivity drops more. In the cross …

This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …