TFP growth contin- uing to fall, Europe's demographics are now also contributing to a decline in the workforce. Against …Even before the financial crisis of 2007/08, there were significant questions about Europe's long-term growth prospects …. After a long period of catching up with US levels of labour productivity, euro area productivity growth had, from the mid …

At a time of slow growth in several advanced and emerging countries, calls for more structural reforms are multiplying …. However, estimations of the short- and medium-term impact of these reforms on GDP growth remain methodologically problematic …

The effect of structural reforms on growth in Europe and Central Asia is assessed by looking separately at each supply …, regulatory quality, and government effectiveness have the most impact on potential growth, along with financial development …. European Union accession may also boost growth, mainly by encouraging capital deepening. However, changes in labor market …