Hennessy, Mark; Lawless, Martina; O'Connor, Ciara - 2026
Europe. This would arise if lower productivity sectors began to account for an increasing share of output which would then … put downward pressure on the prospective growth rate of aggregate productivity (Baumol, 1967 & 2012). This has reemerged … lower-productivity services such as health and social care. Our results show that although there is some evidence of the …