component of productivity in the United States. Using Bayesian estimation techniques we find that external and internal learning … productivity growth is close to the two percent pace. -- Business Cycles ; Cleansing Effects of Recessions ; Endogenous Growth …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The … initial and final regimes are essentially equal, thus supporting theories that explain the productivity slowdown by a slow …