OECD Economics Department Working Papers

Investment as a transmission mechanism from weak demand to weak supply and the post-crisis productivity slowdown

DOI:https://doi.org/10.1787/0c62cc26-en

Current weak labour productivity growth in many OECD countries reflects historically weak contributions from both total factor productivity (TFP) growth and capital deepening. The slowdown in trend productivity growth in the pre-crisis period is mostly explained by a long-established slowdown...



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