| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21556 |
| 来源ID | Working Paper 21556 |
| The Global Productivity Slump: Common and Country-Specific Factors | |
| Barry Eichengreen; Donghyun Park; Kwanho Shin | |
| 发表日期 | 2015-09-14 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | 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 ½ per cent in 2007-12. In this paper we identify previous episodes of sharp and sustained decelerations in TFP growth using data for a large sample of countries and years. TFP slumps are ubiquitous: we find as many as 77 such episodes, depending on definition, in low-, middle- and high-income countries. Low levels of educational attainment, unusually high investment rates and weak political systems are among the significant country-specific correlates of TFP slumps, while increases in risk (higher TED spreads) and energy-price shocks are among the significant global factors. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w21556 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579231 |
| 推荐引用方式 GB/T 7714 | Barry Eichengreen,Donghyun Park,Kwanho Shin. The Global Productivity Slump: Common and Country-Specific Factors. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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