Bruhn, Simon; Grebel, Thomas; Nesta, Lionel - 2023 - Updated June 2023
This paper argues that the typical practice of performing growth decompositions based on log-transformed productivity … correlations also a affect the validity of studies that investigate the role of industry characteristics in productivity growth. … values induces fallacious conclusions: using logs may lead to an inaccurate aggregate growth rate, an inaccurate description …