Global Productivity Slump (Eichengreen et al.)

The global productivity slump: Common and country-specific factores by Barry Eichengreen, Donghyun Park, Kwanho Shin published by NBER (9/2015). “Productivity growth is slowing around the world. In 2014, according to the Conference Board’s Total Economy Data Base, the growth of total factor productivity (TFP) hovered around zero for the third straight year, down from 1 per cent in 1996-2006 and 1/2 per cent in 2007-12….”

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