values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …

, wealth extracted from house price appreciation and explosive debt. This is in stark contrast with the productivity …

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

We propose a sectoral–shift theory of aggregate factor productivity for a class of economies with AK technologies …–adjusted equity yields across sectors. Economy–wide factor productivity and the aggregate growth rate are both negatively correlated …