A more flexible decomposition of productivity growth
AbstractConventional productivity growth decompositions, such as those of Baily, Bartelsman and Haltiwanger (2001) and Grilliches and Regev (1995), first aggregate each firm's productivity level into an aggregate productivity index, and then allocate aggregate growth back to the firms forming the aggregate. It is shown that this can produce misleading results, and two more flexible decompositions are proposed that are consistent with the superlative Tornqvist productivity growth index.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 13 (2006)
Issue (Month): 11 ()
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- Martin Neil Baily & Eric J. Bartelsman & John Haltiwanger, 1996.
"Labor Productivity: Structural Change and Cyclical Dynamics,"
NBER Working Papers
5503, National Bureau of Economic Research, Inc.
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