In the paper we have estimated the total factor production (TFP) growth rates for Russian industrial firms for 1995–2004 years by using three different methodologies — non-parametric method, translog production function estimation and stochastic frontier analysis. Then by means of stochastic...

The paper analyses the idea of “secular stagnation” actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Kowen, R. Gordon and L. Summers. Author concludes that in the next decades a slowdown of economic growth in the U.S. is...