productivity growth. This paper offers a quantitative study on the link between uncertainty and low productivity growth. Firstly … Recession. Secondly, to investigate the effect of uncertainty on productivity growth dynamics, I present a novel general … productivity growth when accounting for the empirical discrepancy between the realised and expected changes to the second-moment of …

appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … labour shares, growth in labour and total factor productivity, and capital deepening. We find (a) MGVA was understated by … productivity and capital deepening has been understated and growth in total factor productivity overstated (e) total factor …