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Journal Article
Productivity slowdown: II
Haltmaier, Jane; Beebe, Jack H. (1980)
FRBSF Economic Letter

Journal Article
Towards a theory of capacity utilization: shiftwork and the workweek of capital
Hornstein, Andreas (2002-04)
Economic Quarterly , Issue Spr , Pages 65-86

Journal Article
Is the United States losing its productivity advantage?
Amiti, Mary; Stiroh, Kevin J. (2007-09)
Strikingly high rates of labor productivity growth in China, India, and other emerging economies have prompted concerns that U.S. workers and firms are losing ground to their competitors in world markets. A closer look at the evidence, however, suggests that rapid foreign productivity growth will bring gains as well as losses to the U.S. economy. Some import-competing firms may be compelled to restructure or leave the market, but consumers will benefit from lower import prices and more import varieties, and U.S. exporters may gain access to cheaper intermediate products from abroad.
Current Issues in Economics and Finance , Volume 13 , Issue Sep

Working Paper
Determinants of long-run labor productivity growth: a selective survey with some new empirical results
Spiegel, Mark M. (1994)
Using cross-country data, we review the empirical evidence concerning long-term labor and total factor productivity growth. We find that the conclusions one can draw from cross-country data are surprisingly modest. Nevertheless, we confirm the crucial role for physical capital accumulation in enhancing labor productivity growth and develop a role for human capital in an endogenous growth framework. We also find that the performances of so-called "ancillary variables" are rather insignificant in the presence of proxies for physical and human capital stocks.
Working Papers in Applied Economic Theory , Paper 94-17

Journal Article
Where's the productivity growth (from the information technology revolution)?
Allen, Donald S. (1997-03)
Information technology has advanced rapidly in the last two or three decades, and an equivalent rapid gain in economy-wide productivity has been anticipated. Productivity statistics, however, do not support this expectation. Although productivity growth has risen since the slowdown witnessed in the 1970s, it can hardly be described as phenomenal. Donald S. Allen discusses some of the current explanations for this apparent disparity and suggests that, as the workforce catches up to the technology level and exploits its full potential, productivity growth will increase.
Review , Issue Mar , Pages 15-25

Working Paper
Information and Communications Technology as a General-Purpose Technology: Evidence from U.S Industry Data
Basu, Susanto; Fernald, John G. (2006-12-01)
Many people point to information and communications technology (ICT) as the key for understanding the acceleration in productivity in the United States since the mid-1990s. Stories of ICT as a ‘general purpose technology’ suggest that measured TFP should rise in ICT-using sectors (reflecting either unobserved accumulation of intangible organizational capital; spillovers; or both), but with a long lag. Contemporaneously, however, investments in ICT may be associated with lower TFP as resources are diverted to reorganization and learning. We find that U.S. industry results are consistent ...
Working Paper Series , Paper 2006-29

Journal Article
An intersectoral analysis of the secular productivity slowdown
Haltmaier, Jane; Beebe, Jack H. (1980-10)
Economic Review , Issue Fall , Pages 7-28

Report
Privatization's impact on private productivity: the case of Brazilian iron ore
Teixeira, Arilton; Schmitz, James A. (2004)
A major motivation for the wave of privatizations of state-owned enterprises (SOEs) in the last twenty years was a belief that privatization would increase economic efficiency. There are now many studies showing most privatizations achieved this goal. Our theme is that the productivity gains from privatization are much more general and widespread than has typically been recognized in this literature. In assessing the productivity gains from privatization, the literature has only examined the productivity gains accruing at the privatized SOEs. But privatization may have significant impact on ...
Staff Report , Paper 337

Working Paper
The economics of labor adjustment : mind the gap
Willis, Jonathan L.; Cooper, Russell W. (2003)
We study inferences about the dynamics of labor adjustment obtained by the "gap methodology" of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function for employment growth is assumed to depend on an unobservable gap between the target and current levels of employment. Using time series observations, these studies reject the partial adjustment model and find that aggregate employment dynamics depend on the cross-sectional distribution of employment gaps. Thus, nonlinear adjustment at the plant level appears to have aggregate ...
Research Working Paper , Paper RWP 03-05

Report
The effects of inflation on wage adjustments in firm-level data: grease or sand?
Schweitzer, Mark E.; Groshen, Erica L. (1996)
This paper studies the effects of inflation on wage changes made by firms in a unique thirty-seven-year panel of occupations and employers drawn from the Federal Reserve Bank of Cleveland Community Salary Survey (CSS). Our analysis first identifies two relative prices embedded in wage changes and, second, draws inferences about the costs and benefits of inflation from the adjustments in these relative prices. Typically, firms manage employer-wide wage adjustments (controlling for occupational wage changes) separately from their interoccupational wage changes (controlling for employer wage ...
Staff Reports , Paper 9

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