A more flexible decomposition of productivity growth
Conventional 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.
Volume (Year): 13 (2006)
Issue (Month): 11 ()
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- Martin Neil Baily & Eric J. Bartelsman & John Haltiwanger, 2001.
"Labor Productivity: Structural Change And Cyclical Dynamics,"
The Review of Economics and Statistics,
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- Martin Neil Baily & Eric J. Bartelsman & John Haltiwanger, 1998. "Labor Productivity: Structural Change and Cyclical Dynamics," Working Papers 98-7, Center for Economic Studies, U.S. Census Bureau.
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- John Haltiwanger, 1997. "Measuring and analyzing aggregate fluctuations: the importance of building from microeconomic evidence," Review, Federal Reserve Bank of St. Louis, issue May, pages 55-78. Full references (including those not matched with items on IDEAS)
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