| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16187 |
| DP16187 Unraveling the Productivity Paradox: Evidence for Germany | |
| Christoph Schmidt; Lars Feld; Désirée Christofzik; Steffen Elstner | |
| 发表日期 | 2021-05-25 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper empirically analyzes three prominent explanations for this development. First, using a novel quarterly utilization-adjusted total factor productivity measure for the German economy, we find that the slowdown in U.S. productivity growth since the mid-2000s had a negligible impact on the German productivity trend. Second, the structural shift towards services in the German economy explains a sizeable share of the weaker aggregate productivity gains. This transformation process is associated with a strong labor market performance. And third, employing a novel identification procedure, we show that technological progress in the German information and communication technology (ICT) producing sector stimulates aggregate employment growth. Its effect on aggregate productivity is, however, small. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Labor productivity Technology shocks Digitization Structural vars Purified tfp |
| URL | https://cepr.org/publications/dp16187 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545159 |
| 推荐引用方式 GB/T 7714 | Christoph Schmidt,Lars Feld,Désirée Christofzik,et al. DP16187 Unraveling the Productivity Paradox: Evidence for Germany. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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