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We find disparate trend variation in TFP and labor growth across major U.S. production sectors over the post …-WWII period. When aggregated, these sector-specific trends imply secular declines in the growth rate of aggregate labor and TFP … amplify the consequences of changing sectoral trends on GDP growth. Thus, in some sectors, changes in TFP and labor growth …
Persistent link: https://www.econbiz.de/10012869317
We find disparate trend variation in TFP and labor growth across major U.S. production sectors over the post …-WWII period. When aggregated, these sector-specific trends imply secular declines in the growth rate of aggregate labor and TFP … amplify the consequences of changing sectoral trends on GDP growth. Thus, in some sectors, changes in TFP and labor growth …
Persistent link: https://www.econbiz.de/10012869642
We find disparate trend variation in TFP and labor growth across major U.S. production sectors over the post …-WWII period. When aggregated, these sector-specific trends imply secular declines in the growth rate of aggregate labor and TFP … amplify the consequences of changing sectoral trends on GDP growth. Thus, in some sectors, changes in TFP and labor growth …
Persistent link: https://www.econbiz.de/10012479816
documents the drivers of its recent growth and diversification, and the factors that have held it back. It documents its … segmentation and the outsized tail of poorly performing firms, which undermines aggregate productivity growth. Low productivity …
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