Growth and Productivity
Sustained Economic Growth Hinges on Productivity Gains as ...
Another decade of weak productivity growth could seriously erode living standards and threaten financial and social stability.
Productivity Home Page : U.S. Bureau of Labor Statistics
Measures of labor productivity compare the growth in output to the growth in hours worked and measures of total factor productivity (TFP), also known as ...
Growth and Productivity | NBER
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US ...
Investing in productivity growth | McKinsey
The world's living standards have climbed sharply over the past 25 years, driven by strong productivity growth.
In Brief: The Recent Rise in US Labor Productivity
Productivity growth is central to economic growth, as it enables workers to “do more with less,” in colloquial language. As workers produce more ...
4 Productivity and economic growth | OECD iLibrary
In the figures below, the contribution. Page 4. 38. OECD COMPENDIUM OF PRODUCTIVITY INDICATORS 2024 © OECD 2024 of capital to GDP growth is further broken ...
What we're reading about productivity growth and jobs
There are long-standing debates, however, on the effect of productivity growth on jobs. Higher productivity enables firms to expand production, ...
Economic growth, inflation and productivity - House of Lords Library
Economic growth is considered important due to the role it plays in providing jobs and improving living standards. But productivity growth ...
Why is Productivity Important? - Bureau of Labor Statistics
With growth in productivity, an economy is able to produce—and consume—increasingly more goods and services for the same amount of work. Productivity is ...
The most commonly cited measures are output per worker and output per hour—measures of labor productivity. One cannot have sustained growth in output per person ...
Growth & Productivity Archives - San Francisco Fed
Growth refers to the increase in the aggregate production of goods and services in the economy, while productivity is often defined as ...
Productivity as the Key to Economic Growth and Development
Recently, productivity has been a focus of economists concerned about developing countries in their search for sustained growth. For example, a study based on a ...
Increased productivity creates economic growth - DCED
Increases in productivity allow firms to produce greater output for the same level of input, earn higher revenues, and ultimately generate higher Gross ...
The Big Picture: GDP Growth and Productivity | Mariner
This month's installment of The Big Picture will be the first of two. It will examine historical gross domestic product growth trends between countries.
What Is Productivity and How to Measure It - Investopedia
Productivity measures output per unit of input. · Economists see productivity growth as essential for gains in wages, corporate profits, and living standards.
Rekindling US productivity growth for a new era - McKinsey
Boosting US productivity represents a $10 trillion opportunity. That's the potential cumulative increase in US GDP between now and 2030— ...
What Drives Productivity Growth? - U.S. Census Bureau
There are essentially two drivers of industry-level productivity growth: Individual plants become more productive and more productive plants get ...
AI and Productivity Growth: Evidence from Previous Technologies
Recent developments in artificial intelligence (AI) with large language models (such as ChatGPT, Claude and Llama) present a ray of optimism for future ...
The Productivity–Pay Gap | Economic Policy Institute
The growing gap amid slowing productivity growth tells us that the same set of policies that suppressed pay growth for the vast majority of workers over the ...
World Must Prioritize Productivity Reforms to Revive Medium-Term ...
The key drivers of economic growth include labor, capital, and how efficiently these two resources are used, a concept known as total factor ...