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Keywords:Productivity 

Journal Article
Growth accounting with technological revolutions

Economic Quarterly , Issue Sum , Pages 1-22

Working Paper
The usual suspects? productivity and demand shocks and Asia-Pacific real exchange rates

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined. Using sectoral output and employment data, relative prices and relative productivities are calculated for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand Time series regressions of the real exchange rate on relative prices indicate a role for relative prices for Indonesia, Japan and Korea. When examining real exchange rates and relative productivity ratios, one finds a relationship for Japan, Malaysia, the Philippines. Only when ...
Pacific Basin Working Paper Series , Paper 97-06

Working Paper
Capital and the slowdown of growth in the United States: a review

Working Paper Series / Economic Activity Section , Paper 87

Working Paper
Productivity shocks and real business cycles

Working Paper Series, Macroeconomic Issues , Paper 91-22

Journal Article
Seasonal production smoothing

Empirical tests of the production-smoothing hypothesis have yielded mixed results. In this paper, Donald Allen looks for and finds evidence of seasonal production smoothing in 15 out of 25 manufacturing series and eight out of 10 retail series, using detrended seasonally unadjusted data. The equivalent test using seasonally adjusted data were negative for all 35 series. The results suggest that seasonally adjusted data obscure short-term production smoothing.
Review , Volume 81 , Issue Sep , Pages 21-40

Working Paper
Business start-ups and productive efficiency

This paper studies efficient allocation of resources in an economy in which agents are initially heterogeneous with regard to their wealth levels and whether they have ideas or not. An agent with an idea can start a business that generates random returns. Agents have private information about (1) their initial types, (2) how they allocate their resources, and (3) the realized returns. The unobservability of returns creates a novel motive for subsidizing agents who have ideas but lack resources to invest in them. To analyze this motive in isolation, the paper assumes that agents are ...
Working Papers , Paper 665

Journal Article
Structuring corporate taxes for a more productive economy

Business Review , Issue Jan/Feb , Pages 11-19

Working Paper
What happens after a technology shock?

We provide empirical evidence that a positive shock to technology drives up per capita hours worked, consumption, investment, average productivity and output . This evidence contrasts sharply with the results reported in a large and growing literature that argues, on the basis of aggregate data, that per capita hours worked fall after a positive technology shock. We argue that the difference in results primarily reflects specification error in the way that the literature models the low-frequency component of hours worked.
International Finance Discussion Papers , Paper 768

Journal Article
Financial development, productivity, and economic growth

FRBSF Economic Letter

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