Year: 1998
Type: article
Abstract: In fact, Solow's observation applies equally well to other advanced economies as it does to the U.S. A slowdown in productivity growth has been the plight of other developed countries as well.The bot-tom half of Figure 1 displays the annual growth of labor productivity (output per worker) for the G-5 countries, the five largest economies in the world. 2 The overall trends for the five countries are similar, and in all cases labor productivity growth has slowed down to 1-2% in the 1990s, from somewhat higher levels in earlier time periods.This slowdown has 56
Source: Communications of the ACM
Authors: Sanjeen Dewan, Kenneth L. Kraemer
Institutions: University of Washington, University of California, Irvine
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2069259185