by
Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar
Language: English
Release Date: March 18, 2015
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and investments...