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The euro area has experienced a sustained decline in labour productivity growth since the 1980s. In the economic literature this phenomenon is commonly explained by a decline in capital deepening and lower total factor productivity (TFP) growth. However, the decline in labour productivity growth...
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Over the last two decades EU countries experienced diverging productivity growth developments. By examining the sources … of EU countries growth drivers on the sectoral level, the paper takes a new look on the influence of innovations. While … standard neoclassical Non-ICT capital deepening turns out the major contributor to EU productivity growth, detail industry …
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