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, 1996.
"Labor Productivity: Structural Change and Cyclical Dynamics,"
NBER Working Papers
5503, National Bureau of Economic Research, Inc.
- Martin Neil Baily & Eric J. Bartelsman & John Haltiwanger, 2001. "Labor Productivity: Structural Change And Cyclical Dynamics," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 420-433, August.
- Martin N. Baily & Eric J. Bartelsman & John Haltiwanger, 1996. "Labor productivity: structural change and cyclical dynamics," Finance and Economics Discussion Series 96-10, Board of Governors of the Federal Reserve System (U.S.).
- 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 C. 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.
- Paul Schreyer, 2001. "The OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity," International Productivity Monitor, Centre for the Study of Living Standards, vol. 2, pages 37-51, Spring.
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