Huo, Zhen; Levchenko, Andrei A.; Pandalai-Nayar, Nitya - 2022
This paper develops estimates of TFP growth adjusted for movements in unobserved factor utilization for a panel of 29 countries and up to 37 years. When factor utilization changes are unobserved, the commonly used Solow residual mismeasures actual changes in TFP. We use a general equilibrium...