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Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and...
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The OECD makes frequent use of the supply-side framework and associated measures of factor productivity, productive …
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capita gross domestic product could be offset by increases in productivity. However, for many regions, productivity growth … years. One reason for this is that ageing also has a direct negative impact on productivity growth, with the effect being … affected by demographic change, is a more solid driver of productivity growth. Finally, ageing seems to be associated with a …
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