Produtividade global

The global productivity slump: Common and country-specific factors

Barry Eichengreen, Donghyun Park, Kwanho Shin 17 September 2015

Productivity growth is slowing down around the world. The question is what lies behind this phenomenon and if it can be reversed. This column takes a historic perspective on total factor productivity growth slowdowns to suggest that global factors may play a role in the problem. Factors that are negatively associated with TFP slumps include educational attainment, political development, and high levels of investment. But there is no guarantee that avoiding these factors will necessarily prevent TFP slumps.
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