. Productivity adjustments stabilise employment and the labour share in the long run: technological change allows firms to replenish …

productivity growth in Europe, using the most recent Cambridge Econometrics regional database, EU KLEMS growth and productivity … accounts and EuroStat R&D data. We apply a reduced-form empirical specification for semi-endogenous productivity growth that … allows for differences in steady state income levels and long-run growth rates. Productivity growth in a region depends on …

fiscal policies in eight OECD countries can account for slowdowns in the growth rates of aggregate labor productivity since …