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 …

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …