| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16478 |
| DP16478 Productivity slowdown: reducing the measure of our ignorance | |
| Timo Boppart; Huiyu Li | |
| 发表日期 | 2021-08-23 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Growth accounting suggests that the bulk of the post-2004 slowdown in output growth in the U.S. is attributed to a residual called TFP. In this paper we provide a tractable accounting framework with firm heterogeneity to link this residual to innovations, markup dispersion, and potential measurement errors. Theories of creative destruction offer rich testable predictions of how the quality upgrading of products, the process efficiency of different firms, and markup dispersion in the market interact and therefore constitute a key approach to shed light on the slowdown in TFP growth. Surveying the literature on measurement, we conclude that measurement errors is unlikely to explain the recent deceleration in TFP growth. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Growth accounting Development accounting Growth slowdown Measurement Innovation |
| URL | https://cepr.org/publications/dp16478 |
| 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/545435 |
| 推荐引用方式 GB/T 7714 | Timo Boppart,Huiyu Li. DP16478 Productivity slowdown: reducing the measure of our ignorance. 2021. |
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