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Starting from the same level of productivity and per-capita income as the United States in the mid-nineteenth century … productivity has almost converged, its income per person has leveled off at about three-quarters of America's. How could Europe be …
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performance of productivity - that is, output per hour in the nonfarm business sector - which registered a growth rate of 3 …. The share of output growth accounted for by productivity growth in the current recovery is 112 percent, far exceeding the … productivity growth by definition implies less rapid growth in labor input. This suggests that the recent revival in productivity …
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The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …
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