The Global Productivity Slowdown, Technology Divergence and Public Policy: a Firm Level Perspective
نویسندگان
چکیده
Since the late 1990s, labor productivity (total output per hour worked) growth has slowed markedly for many of the world’s largest economies. Using a micro-level dataset of firms in OECD member countries, OECD researchers Dan Andrews, Chiara Criscuolo, and Peter Gal decompose the slowdown and show that the top (“frontier”) firms have continued seeing productivity increases while the others (the “laggards”) haven’t, contributing to a growing productivity divergence between the top and the bottom.
منابع مشابه
Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown
A large literature documents declining measures of business dynamism including high-growth young firm activity and job reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these patterns by studying changes in productivity growth from the late 1990s to the mid 2000s using firm-level data. We find that diminished allocative effici...
متن کاملPay for Performance: A Reflection on How a Global Perspective Could Enhance Policy and Research
Pay-for-performance (P4P) is the provision of financial incentives to healthcare providers based on pre-specified performance targets. P4P has been used as a policy tool to improve healthcare provision globally. However, researchers tend to cluster into those working on high or low- and middle-income countries (LMICs), with still limited knowledge exchange, potentially ...
متن کاملImprovement of Existing Public Office Buildings in Nigeria from Users’ Perspective Using Lean Thinking – A Pictorial View
This paper gives a pictorial view of the relevance of lean thinking, particularly the applicationof muda as a supplement to the sustainable improvement diagnosis technique of existing public office buildings,for a fuller assessment of users’ requirement in Nigeria. The impact of perceived muda was related to the triplebottom line of sustainable development on perceived job productivity and desi...
متن کاملGlobal Recession and Its Impact on Telecommunication Industry: An Empirical Dissection
India is much more integrated with the world economy. Both current and capital accounts are complementing to each other. The economic slowdown that appears to have begun in the USA in September, 2008 has some negative impact on Indian economy. The most immediate and adverse effect of this global financial crisis on India is an out flow of Foreign Institutional Investment (FII) from the capital ...
متن کاملInvestigating Agricultural Productivity Growth and Convergence in Iran and Eastern African Countries
The issue of convergence or divergence of productivity has important policy for regional poverty reduction and increasing standards of living. If productivity converges to a common level without intervention, there is little need for explicit policies in lagging regions to promote catch up. On the other hand, productivity has divergence trend, then explicit policies would be needed to prevent f...
متن کامل