Fiaschi, Davide; Lavezzi, Andrea Mario - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
In this paper we study the productivity slowdown taking as a starting point the nonlinear shape of the growth path. We relate the slowdown to the evolution of the world income distribution in the periods before and after the oil shock of 1973 and show that: i) in both periods growth is...