Productivity, welfare and reallocation: theory and firm-level evidence / Susanto Basu, Luigi Pascali, Fabio Schiantarelli, Luis Serven.
"We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifie...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge, MA :
National Bureau of Economic Research,
©2009.
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| Series: | Working paper series (National Bureau of Economic Research : Online) ;
working paper no. 15579. |
| Subjects: |
Internet
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| Call Number: |
HB1
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| HB1 | Available |