Mcquinn, Kieran; Whelan, Karl - Volkswirtschaftliche Fakultät, … - 2006
input, capital input, and total factor productivity (TFP). After a long period of catching up with US levels of labour … productivity, Euro area productivity growth has, since the mid-1990s, fallen significantly behind. We show that this recent … divergence has accelerated since 2000, and that this is mainly due to the poor rate of Euro area TFP growth. Based on prevailing …