The New Normal : A Sector-level Perspective on Productivity Trends in Advanced Economies /

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 i...

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Bibliographic Details
Main Author: Dabla-Norris, Era
Other Authors: Guo, Si, Haksar, Vikram, Kim, Minsuk
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:Staff Discussion Notes; Staff Discussion Notes ; No. 2015/003
Online Access:Full text available on IMF