1 option
Revisiting Productivity Dynamics in Europe: A New Measure of Utilization-Adjusted TFP Growth / Diego A. Comin, Javier Quintana, Tom G. Schmitz, Antonella Trigari.
- Format:
- Book
- Author/Creator:
- Comin, Diego A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31006.
- NBER working paper series no. w31006
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We compute new estimates for Total Factor Productivity (TFP) growth in five European countries and in the United States. Departing from standard methods, we account for positive profits and use firm surveys to proxy for unobserved changes in factor utilization. These novelties have a major impact in Europe, where our estimated TFP growth series are less volatile and less cyclical than the ones obtained with standard methods. Based on our approach, we provide annual industry-level and aggregate TFP series, as well as the first estimates of utilization-adjusted quarterly TFP growth in Europe.
- Notes:
- Print version record
- March 2023.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.