Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …

agriculture) account for most of the remainder. The productivity performance of the nonagricultural economy during the reform …

Recent research reports contradictory estimates of productivity growth for the newly industrialized economies (NIEs) of …

We compute new estimates for Total Factor Productivity (TFP) growth in the United States and in five European countries …

This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total … factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their … factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is …

remainder. The productivity performance of the non-agricultural economy during the reform period is respectable, but not …