| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15402 |
| DP15402 Measuring TFP: The Role of Profits, Adjustment Costs, and Capacity Utilization | |
| diego comin; Javier Quintana Gonzalez; Tom Schmitz; Antonella Trigari | |
| 发表日期 | 2020-10-22 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We compute new estimates for Total Factor Productivity (TFP) growth in the United States and in five European countries. 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, especially 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. |
| 主题 | International Macroeconomics and Finance ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp15402-2 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544386 |
| 推荐引用方式 GB/T 7714 | diego comin,Javier Quintana Gonzalez,Tom Schmitz,et al. DP15402 Measuring TFP: The Role of Profits, Adjustment Costs, and Capacity Utilization. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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