This book presents several pieces of empirical work which disentangle why the standard measure of productivity growth used in macroeconomics turn out to be proc
The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity.
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researc
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economi