| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29109 |
| 来源ID | Working Paper 29109 |
| Intangibles, Markups, and the Measurement of Productivity Growth | |
| Nicolas Crouzet; Janice C. Eberly | |
| 发表日期 | 2021-08-02 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | In recent years, measured TFP growth in the US has declined. We argue that two forces contributed to this decline: the mismeasurement of intangible capital, and rising markups. Markups affect input shares, while intangibles omitted from measures of investment affect measured capital growth, each potentially generating downward bias in measured TFP growth. Most importantly, when both forces are simultaneously present, their effects reinforce each other and amplify the downward bias in measured TFP growth. Using input-output data, we estimate that this mechanism could account for one-third to two-thirds of the decline in measured TFP growth. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w29109 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586783 |
| 推荐引用方式 GB/T 7714 | Nicolas Crouzet,Janice C. Eberly. Intangibles, Markups, and the Measurement of Productivity Growth. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29109.pdf（2254KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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