This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of …

-term potential estimates have risks on both sides: productivity gains and investment could be volatile, but determined reforms could … sustain strong productivity growth. …

is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …

Italy’s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth … decline in output is mainly accounted for by a collapse in productivity; in the medium term, employment and capital are also …

in total factor productivity (TFP), remains the main driver of GDP growth. Moving forward, given the expected moderation …

potential growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the …