000			01421nam a22001457a 4500
999			_c525964 _d525964
008			240429b ||||| |||| 00| 0 eng d
100			_aGoldin, Ian et al _951918
245			_aWhy is productivity slowing down?
260			_aJournal of Economic Literature
300			_a62(1). Mar, 2024: p.196-268
520			_aWe 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 accounts for the slowdown, but we have identified a combination of factors that, taken together, account for much of what has been observed. In the countries we have studied, these are mismeasurement, a decline in the contribution of capital per worker, lower spillovers from the growth of intangible capital, the slowdown in trade, and a lower growth of allocative efficiency. Sectoral reallocation and a lower contribution of human capital may also have played a role in some countries. In addition to our quantitative assessment of explanations for the slowdown, we qualitatively assess other explanations, including whether productivity growth may be declining due to innovation slowing down.- Reproduced https://www.aeaweb.org/articles?id=10.1257/jel.20221543
773			_aJournal of Economic Literature
906			_aLABOURS
942			_cAR