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This paper brings together the latest data and OECD productivity indicators in different areas with the aim of … reviewing the main productivity trends over the past decade, comparing the United States, Europe and to some extent Japan …. Concerning economy wide indicators of productivity, the slowdown appears to be due to a significant slowdown in investment in …
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How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. A two-sector rather than a one-sector model is required because of the very rapid rate at which the...
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Productivity is a key driver for economic growth and prosperity in any country. The pursuit of productivity growth … requires an understanding of the factors affecting productivity. The trend of productivity growth, along with the possible … the productivity performance of the construction sector to that of other industries. Using the recently released EU KLEMS1 …
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growth in pre-crisis years. While this led to productivity-enhancing structural change in Greece and Portugal, overcapacities …
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Spain has suffered from a serious problem of productivity during the last expansion period which reached a wide …. Missing the main cause of the bad behavior of productivity with the bursting of the real estate bubble, the trajectory of … productivity has improved during the crisis but is still weak in the productive fabric most affected by significant overcapacities …
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rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom …
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neoclassical growth models is that capital accumulation is induced by both productivity growth and increases in investment rates … productivity growth constant. The role of human capital is also discussed. Findings – An increase in the productivity growth rate …. Hence an upward trend in productivity growth has been more than twice as important as the doubling of the investment rate. A …
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