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Why Is Productivity Slowing Down?

By Ian Goldin, Pantelis Koutroumpis, François Lafond, and Julian Winkler

Journal of Economic Literature, March 2024

We examine the contribution of different explanations to the slowdown of labor productivity. Comparing the post-2005 period with the preceding decade for five advanced economies, we seek to explain a slowdown of 0.8 to 1.8 pp. No single explanation acco...