The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 developed countries. Besides studying individual long-term trends of single countries using filtering techniques we also test for multiple structural breakpoints in the long-term...

The growth experience of virtually all but the very rich countries is best explained as a combination of high and low growth episodes. Therefore, there is a need to understand the sources of growth during high and low growth regimes and in particular the influences as growth regimes change. This...