Mcquinn, Kieran; Whelan, Karl - Volkswirtschaftliche Fakultät, … - 2006
input, capital input, and total factor productivity (TFP). After a long period of catching up with US levels of labour … divergence has accelerated since 2000, and that this is mainly due to the poor rate of Euro area TFP growth. Based on prevailing … addition, if TFP growth stays at recent levels, the output growth rate will decline further due to weaker capital deepening. To …