What Explains the Post-2004 U.S. Productivity Slowdown?
Economic theory and history show that labour productivity growth is the main driver of rising living standards, so changes in the trend rate of productivity growth have profound implications for a society’s future prosperity. The average annual rate of business sector labour productivity growth in t...
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| Format: | Article |
| Language: | English |
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Centre for the Study of Living Standards
2018-04-01
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| Series: | International Productivity Monitor |
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| Online Access: | http://www.csls.ca/ipm/34/murray.pdf |