Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private … public pension systems, among other things. However, estimates of recent and expected productivity growth rates suffer from … undergo important revisions.This paper documents the statistical (un)reliability of several measures of aggregate productivity …

Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private … public pension systems, among other things. However, estimates of recent and expected productivity growth rates suffer from … productivity growth in the U.S. by examining the extent to which they are revised over time. The authors also examine the extent to …

This paper examines the level of labour productivity in Canada relative to that of the United States in 1999. In doing …'s relative labour productivity of the total economy in 1999 of around 94% that of the United States. The paper points out that at …

manufacturing industries of France, Germany, UK and USA. We first disentangle the contribution to industry-level productivity growth … of within-firm productivity changes and between-firms reallocation of shares. The evidence corroborates that within … extent firm growth rates are shaped by relative productivity levels in deviation from industry average and by the over time …

This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …

for the smaller samples of sub-groups of the workforce, the general findings are robust to this measurement issue. Thus …

productivity (TFP). We continue this line of work by documenting the importance of TFP differences in explaining cross sectional …

The measurement of bank output, a difficult and contentious issue, has become even more important in the aftermath of …