Multifactor productivity slowdown in U.S. manufacturing

Brill, Michael H.; Chansky, Brian; Kim, Jennifer

doi:10.21916/mlr.2018.19

Cited by 8 publications

(5 citation statements)

References 30 publications

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“…This pattern helps to explain the US Bureau of Labor Statistics' finding that from 2004 to 2016, the TFP of the US manufacturing sector declined at an annual rate of 0.3 percent (Brill, Chansky, and Kim 2018). Since real manufacturing output continued to rise in this period, the likely explanation is that TFP is dragged down because the hours of those research and development workers are included in the denominator but their contributions to output are recorded only in overseas locations.…”

Section: Part Iv: Other Measurement Problemsmentioning

confidence: 88%

Technology and Productivity: A Critique of Aggregate Indicators

Block

2022

SSRN Journal

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Section: Part Iv: Other Measurement Problemsmentioning

confidence: 88%

Technology and Productivity: A Critique of Aggregate Indicators

Block

2022

SSRN Journal

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“…Column 1 shows that without any controls patents are positively associated with productiv- 21 For more details, refer to Gullickson and Harper (1987).…”

Section: Empirical Findingsmentioning

confidence: 99%

The Creativity Decline: Evidence from US Patents

Kalyani

2024

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Economists have long struggled to understand why aggregate productivity growth has dropped in recent decades while the number of new patents filed has steadily increased. I offer an explanation for this puzzling divergence: the creativity embodied in US patents has dropped dramatically over time. To separate creative from derivative patents, I develop a novel, text-based measure of patent creativity: the share of technical terminology that did not appear in previous patents. I show that only creative and not derivative patents are associated with significant improvements in firm level productivity. Using the measure, I show that inventors on average file creative patents upon entry, and file derivative patents with more experience. I embed this life-cycle of creativity in a growth model with endogenous creation and imitation of technologies. In this model, falling population growth explains 27% of the observed decline in patent creativity, 30% of the slowdown in productivity growth, and 64% of the increase in patenting.

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“…On the other hand, ALP is dependent on multifactor productivity (MFP), also known as total factor productivity (TFP), which is assumed to represent the impact of various factors. Primarily, changes in MFP are attributed to improvements in technology or a shift of resources from less productive sectors to more efficient ones (Brill, Chansky & Kim, 2018).…”

Section: Related Literaturementioning

confidence: 99%

The ICT–Economic Growth Nexus: Revisiting the Impact of the Internet on GDP

Sojka,

Pietrucha

2024

ppe

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Over the past decades, the intensive development of information and communication technologies (ICT) has prompted numerous studies assessing the relationship between ICT and economic growth. Initial doubts about the importance of the Internet for economic growth have recently been replaced by conclusions supporting the positive significance of this technological revolution. However, despite the abundant research conducted in recent years, the obtained outcomes do not allow for a consensus, particularly regarding the impact of specific types of ICT. This paper investigates the connection between Internet usage and economic growth. The estimation is based on a broad group of economies (88 countries) from 2006 to 2020 using data from the International Telecommunication Union database. The results suggest a statistically significant relationship between Internet usage and GDP growth.

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Multifactor productivity slowdown in U.S. manufacturing

Cited by 8 publications

References 30 publications

Technology and Productivity: A Critique of Aggregate Indicators

Technology and Productivity: A Critique of Aggregate Indicators

The Creativity Decline: Evidence from US Patents

The ICT–Economic Growth Nexus: Revisiting the Impact of the Internet on GDP

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