and the role of labor hoarding as an explanation of procyclical productivity and the persistence of inventory stocks …

and the role of labor hoarding as an explanation of procyclical productivity and the persistence of inventory stocks …

and the role of labor hoarding as an explanation of procyclical productivity and the persistence of inventory stocks …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

: current and future total factor productivity and the capital stock per capita. These variables suffice to calculate welfare … production technology and the degree of market competition. It applies to open economies as well, if total factor productivity is … factor productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need …