Aggregate productivity and aggregate technology are meaningful but distinct concepts. We show that a slightly modified … Solow productivity residual measures changes in economic welfare, even when productivity and technology differ because of …-technological gaps between productivity and technology, gaps reflecting imperfections and frictions in output and factor markets …

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 …

We study how the timing of technology adoption through capital accumulation shapes firm-level productivity dynamics and … and exploiting the lumpiness of capital accumulation, we document that large investment episodes lead to productivity …

Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which …

commodity, two factors and one producer. Our aggregation method has three characteristic features. One is that an aggregated TFP … and price level are defined respectively by individual TFPs and prices of commodities. Another is that our aggregation … method includes an aggregation of production functions that has been considered intractable. We resolve that difficulty by …