Mind the Gap: A Comment on Aggregate Productivity and Technology

Ali Choudhary () and Vasco J. Gabriel

No 1306, Department of Economics Discussion Papers from Department of Economics, University of Surrey

Abstract: This paper reconsiders the empirical results of Basu and Fernald (European Economics Review, 2002) which suggests a significant and persistent gap between the aggregate productivity and technology levels for the US private business sector. We we control for capacity utilisation, time-varying markup and use a superior system estimator, the profile of the gap is shown to change considerably.

Keywords: productivity; technology; welfare; hours; dynamic-markups (search for similar items in EconPapers)
JEL-codes: O47 O51 E32 E23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff and nep-mac
Date: 2006-08
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Persistent link: http://EconPapers.repec.org/RePEc:sur:surrec:1306

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