Global S&T Development Trend Analysis Platform of Resources and Environment
| Why is Productivity slowing down? | |
| Ian Goldin; Pantelis Koutroumpis; François Lafond and Julian Winkler | |
| 2020-03-23 | |
| 出版年 | 2020 |
| 国家 | 英国 |
| 领域 | 地球科学 ; 资源环境 |
| 英文摘要 | The recent decline in aggregate labor productivity growth in leading economies has been widely described as a puzzle, even a paradox, leading to extensive research into possible explanations. Our review indicates that the slowdown has been highly significant and that it is largely driven by a decline in total factor productivity and capital deepening. Disaggregation reveals that a good part of the slowdown is due to sectors that experienced the large benefits from ICTs in the previous period, and that an increasing gap between frontier and laggard firms suggests slower technology diffusion and increasing misallocation of factors. We critically discuss and evaluate explanations that attempt to reconcile the paradox of slowing productivity growth and accelerating technological change, including mismeasurement, implementation lags for technologies, and creative destruction processes. |
| URL | 查看原文 |
| 来源平台 | Oxford Martin School, University of Oxford |
| 文献类型 | 科技报告 |
| 条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/270756 |
| 专题 | 地球科学 资源环境科学 |
| 推荐引用方式 GB/T 7714 | Ian Goldin,Pantelis Koutroumpis,François Lafond and Julian Winkler. Why is Productivity slowing down?,2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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