Are predictable improvements in TFP contractionary or expansionary: Implications from sectoral TFP?
نویسندگان
چکیده
منابع مشابه
TFP Declines: Misallocation or Mismeasurement?
Abstract This paper documents the sectoral growth paths of measured total factor productivity (TFP) in southern Europe during the boom that proceeded the great contraction (1996 to 2007). Using both aggregate and firm-level panel data, I show that TFP in sectors that displayed fast expansion, such as construction, dropped significantly, while in non-expanding sectors, such as manufacturing, it ...
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This paper forms part of the ESRC funded project (Award No. L1382511013) " Business Cycle Volatility and Economic Growth: A Comparative Time Series Study " , which itself is part of the Understanding the Evolving Macroeconomy Research programme. We wish to thank Regina Grafe for excellent research assistance and Mary O'Mahony for generously making data available to us. We are responsible for al...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2014
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2014.05.008