McQuinn, Kieran; Whelan, Karl - School of Economics, University College Dublin - 2015
TFP growth contin- uing to fall, Europe's demographics are now also contributing to a decline in the workforce. Against …Even before the financial crisis of 2007/08, there were significant questions about Europe's long-term growth prospects …. After a long period of catching up with US levels of labour productivity, euro area productivity growth had, from the mid …