This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …

This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main … conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital … into the asset boundary of the national accounts. Thus, the productivity puzzle is largely explained as a consequence of …

manufacturing industries of France, Germany, UK and USA. We first disentangle the contribution to industry-level productivity growth … of within-firm productivity changes and between-firms reallocation of shares. The evidence corroborates that within … extent firm growth rates are shaped by relative productivity levels in deviation from industry average and by the over time …