Schubert, Torben; Neuhäusler, Peter - Fraunhofer-Institut für System- und Innovationsforschung - 2018
We analyze the stagnating productivity levels observable across many Western economies during the last two decades. Relying on techniques to measure total factor productivities (TFP), we provide evidence for a set of 11 OECD countries observed over the period from 1993-2011 that TFP-levels...