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The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 …-term productivity trends using state-space approaches, we extract a common factor from these long-term trend series using factor … analysis. The country specific differences are only of second order importance. Dominant is an overall long-term productivity …
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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 …
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Measuring the dispersion of productivity or efficiency across firms in a market or industry is rife with methodological … through resource reallocation, thereby reducing dispersion. On the other hand, innovation and technological uncertainty tend … to increase dispersion. This chapter presents a guide to measurement of dispersion and provides empirical evidence from a …
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