This paper studies whether NAFTA contributed to the productivity convergence between Mexico and the US. Using data from … productivity and estimation methods, it shows that the productivity gap increased and converged to a higher gap level. Moreover, it … the previous literature. The paper also finds that under NAFTA the industries which have smaller initial productivity gap …

establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …

Using a large longitudinal, nationally representative workplace-level dataset, we explore the productivity gains … substitutes in production, and that the productivity gains associated with organizational redesign are industry-specific. …

variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe …

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …