determined endogenously. We find that there is a short run transitory productivity dynamic introduced when there is imperfect …

Measures of productivity reveal large differences across producers even within narrowly defined industries. Traditional … measures of productivity, however, will associate differences in demand volatility to differences in productivity when …

This paper constructs estimates of total factor productivity (TFP) growth for the United Kingdom for the period 1970 … rise in US productivity, even though the macroeconomic environment in both countries was similar. The paper delivers two …

Standard methods for estimating total factor productivity (TFP) growth assume that economic profits are zero and …

We develop a new method for estimating industry-level and aggregate total factor productivity (TFP) growth. Our method … method indicates higher TFP growth overall and a more gradual productivity slowdown …