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Behind the productivity slowdown


The U.S. productivity slowdown: an economy-wide and industry ...

As the slowdown in labor productivity growth has steadily held on throughout the past decade, economic observers have been trying to understand this phenomenon, ...

The Global Productivity Slowdown: Diagnosis, Causes and Remedies

This paper addresses the long-term slowdown in labour productivity for a panel of 25 countries. First, we look at productivity shifts and trends.

Turning around the productivity slowdown - McKinsey & Company

Productivity is the amount of output for a given unit of input. At the level of a country's economy, it is GDP divided by hours worked. Early on ...

Does the United States have a productivity slowdown or a ...

After 2004, measured growth in labor productivity and total-factor productivity (TFP) slowed. We find little evidence that the slowdown arises from growing ...

The Mysterious Slowdown in U.S. Manufacturing Productivity

A productivity slowdown appears to be common across the U.S., with even the fastest-growing industries and the largest firms experiencing ...

Why is Productivity slowing down? | Oxford Martin School

We trace most of this to lower contributions of TFP and capital deepening, with manufacturing accounting for the biggest sectoral share of the slowdown. No ...

Sustained Economic Growth Hinges on Productivity Gains as ...

“Productivity isn't everything,” Paul Krugman wrote in his 1990 book, The Age of Diminished Expectations, “but in the long run it is almost ...

Re-evaluating the sources of the recent productivity slowdown - CEPR

Why is productivity slowing down? This question is the subject of many studies, which offer a wide range of explanations. We found that none of ...

Why is US productivity growth so slow? Possible explanations and ...

Weakness in capital formation has contributed substantially to slow growth in labor productivity. Two policies to increase the rate of investment are: first, ...

The Productivity Slowdown in Advanced Economies: Common ...

Capital deepening sometimes makes a difference—helping explain, for example, why France and Germany saw slower labor productivity growth in the 1995-2007 period ...

Why Is Productivity Slowing Down? - American Economic Association

Why Is Productivity Slowing Down? by Ian Goldin, Pantelis Koutroumpis, François Lafond and Julian Winkler. Published in volume 62, issue 1, pages 196-268 of ...

Behind the productivity slowdown: A big drop in new firms

The slowdown in U.S. productivity, a key to growth, jobs and rising wages, has provoked much debate among economists.

The Baby Boom and the U.S. Productivity Slowdown

The US economy is currently experiencing a prolonged productivity slowdown, comparable to another slowdown during in the 1970s.

The Productivity Slowdown of the 1970s | NBER

Nordhaus then assesses the extent to which individual industries contributed to the overall productivity slowdown. Again, industries affected by the 1970s ...

Allocative efficiency and the productivity slowdown

This paper distinguishes itself from previous research by emphasizing allocative efficiency across sectors as the driver behind stagnation in ...

The Slowdown in Productivity Growth: A View from International Trade

Many factors have been proposed as underlying forces behind this phenomenon, including a slower pace of technological progress and the role of ...

The Productivity Slowdown in Advanced Economies: Common ...

Slower total factor productivity (TFP) growth was the proximate cause of the slowdown. This conclusion is robust to measurement challenges ...

Why is productivity slowing down? Ian Goldin, Pantelis Koutroumpis ...

including whether productivity growth may be declining due to innovation slowing down. ... growth has been a substantial reason behind the productivity slowdown.

The Productivity Slowdown: Causes and Policy Responses

Both lagged significantly behind the 244 percent jump in fuel prices. ... First, the timing of the productivity slowdown coincided with a two-step increase in.

Keeping Up with the US: Why Europe's Productivity Is Falling Behind |

The subsequent chapter delves into the reasons behind this divergence by exploring EU and US performance in four key drivers of long-term ...