Does Disappointing European Productivity Growth Reflect a Slowing Trend? Weighing the Evidence and Assessing the Future
In the years since the Great Recession, many observers have highlighted the slow pace of labor and total factor productivity (TFP) growth in advanced economies. This paper focuses on the European experience, where we highlight that trend TFP growth was already low in the runup to the Global Financia...
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| Format: | Article |
| Language: | English |
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Centre for the Study of Living Standards
2020-04-01
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| Series: | International Productivity Monitor |
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| Online Access: | http://www.csls.ca/ipm/38/Fernald.pdf |