New Developments in Productivity Analysis

by Hulten, Charles R.; Dean, Edwin; Harper, Michael J.; Conference on Research in Income and Wealth

• ISBN13: 9780226360621
• ISBN10: 0226360628
• Format: Hardcover
• Copyright: 2001-08-29
• Publisher: Univ of Chicago Pr

Summary

The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.

Author Biography

Charles R. Hulten is a professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research.

Edwin R. Dean, formerly an associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is an adjunct professor of economics at The George Washington University.

Michael J. Harper is the chief of the Division of Productivity Research at the Bureau of Labor Statistics.

Table of Contents

Prefatory Note and Acknowledgments	ix
Introduction	xi
Charles R. Hulten
Edwin R. Dean
Michael J. Harper
Total Factor Productivity: A Short Biography	1	(54)
Charles R. Hulten
Jack E. Triplett
The BLS Productivity Measurement Program	55	(30)
Edwin R. Dean
Michael J. Harper
Which (Old) Ideas on Productivity Measurement Are Ready to Use?	85	(18)
W. Erwin Diewert
Dynamic Factor Demand Models and Productivity Analysis	103	(70)
M. Ishaq Nadiri
Ingmar R. Prucha
Dale W. Jorgenson
After ``Technical Progress and the Aggregate Production Function''	173	(6)
Robert M. Solow
Accounting for Growth	179	(46)
Jeremy Greenwood
Boyan Jovanovic
Barry Bosworth
Why Is Productivity Procyclical? Why Do We Care?	225	(78)
Susanto Basu
John Fernald
Catherine J. Morrison Paul
Aggregate Productivity Growth: Lessons from Microeconomic Evidence	303	(70)
Lucia Foster
John Haltiwanger
C. J. Krizan
Mark J. Roberts
Sources of Productivity Growth in the American Coal Industry: 1972--95	373	(46)
Denny Ellerman
Thomas M. Stoker
Ernst R. Berndt
Larry Rosenblum
Service Sector Productivity Comparisons: Lessons for Measurement	419	(46)
Martin Neil Baily
Eric Zitzewitz
Robert J. Gordon
Different Approaches to International Comparison of Total Factor Productivity	465	(44)
Nazrul Islam
Charles I. Jones
Whatever Happened to Productivity Growth?	509	(32)
Dale W. Jorgenson
Eric Yip
Productivity of the U.S. Agricultural Sector: The Case of Undesirable Outputs	541	(46)
V. Eldon Ball
Rolf Fare
Shawna Grosskopf
Richard Nehring
Robin C. Sickles
Total Resource Productivity: Accounting for Changing Environmental Quality	587	(22)
Frank M. Gollop
Gregory P. Swinand
William Pizer
A Perspective on What We Know About the Sources of Productivity Growth	609	(4)
Zvi Griliches
Contributors	613	(4)
Author Index	617	(8)
Subject Index	625