values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …-level (EU-KLEMS) and firm-level (Amadeus) data. After adding further assumptions about technology and market structure (firms …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …-level (EU-KLEMS) and firm-level (Amadeus) data. After adding further assumptions about technology and market structure (firms …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …-level (EU-KLEMS) and firm-level (Amadeus) data. After adding further assumptions about technology and market structure (firms …

Aggregate productivity and aggregate technology are meaningful but distinct concepts. We show that a slightly …-modified Solow productivity residual measures changes in economic welfare, even when productivity and technology differ because of …-technological gaps between productivity and technology, gaps reflecting imperfections and frictions in output and factor markets …

productivity growth relative to technology growth in the first part of the expansion, but lowered it subsequently. Factor … adjustment leads to a steady-state understatement of technology growth by measured productivity growth. The understatement was …Measured productivity growth increased substantially during the second half of the 1990s. This paper examines whether …

Aggregate productivity and aggregate technology are meaningful but distinct concepts. We show that a slightly modified … Solow productivity residual measures changes in economic welfare, even when productivity and technology differ because of …-technological gaps between productivity and technology, gaps reflecting imperfections and frictions in output and factor markets …

technology and market structure (…rms minimize costs and facecommon factor prices), we show that welfare change can be decomposed …

of the standard Solow productivity residual. Theequivalence holds if the representative household maximizes utility while … does not properly measure technology) and makes it possible to calculatethe contributions of disaggregated units …-KLEMS) and firm-level (Amadeus) data. After adding furtherassumptions about technology and market structure (firms minimize costs …