Mind the Gap: A Comment on Aggregate Productivity and Technology

This paper reconsiders the empirical results of Basu and Fernald (European Economics Review, 2002) which suggests a significant and persistent gap between the aggregate productivity and technology levels for the US private business sector. We we control for capacity utilisation, time-varying markup and use a superior system estimator, the profile of the gap is shown to change considerably.

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Year of publication:	2006-08
Authors:	Choudhary, M. Ali ; Gabriel, Vasco J.
Institutions:	School of Economics, University of Surrey
Subject:	productivity \| technology \| welfare \| hours \| dynamic-markups

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Extent:	application/pdf
Series:	School of Economics Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1306 11 pages
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; O51 - U.S.; Canada ; E32 - Business Fluctuations; Cycles ; E23 - Production
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005557901