This paper investigates whether procyclical productivity is due to cyclical variations in the rate of utilization of … labor or to technological externalities. By looking at the relation between sectoral productivity and the level of aggregate … industries shows that sectoral productivity is more closely related to the rate of change of aggregate activity than to its level …

We describe new experimental productivity statistics, Dispersion Statistics on Productivity (DiSP), jointly developed … and published by the Bureau of Labor Statistics (BLS) and the Census Bureau. Official BLS productivity statistics provide … information on aggregate productivity growth. Yet, a large body of research shows that within-industry variation in productivity …

labor productivity shock has a strong negative effect on employment. There are tantalizing and interesting differences … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a … between TFP and labor productivity. We argue that TFP is a more natural measure of technology because labor productivity …

labor productivity shock has a strong negative effect on employment. There are tantalizing and interesting differences … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a … between TFP and labor productivity. We argue that TFP is a more natural measure of technology because labor productivity …

We describe new experimental productivity statistics, Dispersion Statistics on Productivity (DiSP), jointly developed … and published by the Bureau of Labor Statistics (BLS) and the Census Bureau. Official BLS productivity statistics provide … information on aggregate productivity growth. Yet, a large body of research shows that within-industry variation in productivity …

regional business cycles and manufacturing productivity in a developing country, namely Colombia. Design … motion of productivity (the Markov process), the authors obtain Total Factor Productivity (TFP) through the Wooldridge's two … results suggest a remarkable causality, both contemporary and non-contemporary, from productivity to GDP (but not vice versa …

between the speed of adjustment following either kind of shock. Furthermore, there is no need for using previous data … this paper bear implications for monetary policy making and model building alike. -- demand shock ; Markov …

between the speed of adjustment following either kind of shock. Furthermore, there is no need for using previous data …