This paper addresses the puzzling decline of Total Factor Productivity (TFP) levels in rapidly growing economies, such as Singapore, despite advancements in technology and high GDP per capita growth.

Why are some nations rich and others poor? Can the governments of poor nations do something to ensure that their nations become rich? These sorts of questions have long fascinated public officials and ...

This paper estimates the total factor productivity (TFP) of Egyptian firms using the economic census provided by the Central Agency for Public Mobilization and Statistics (CAPMAS) of 2013 and 2018. It ...

This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea’s labor productivity and total factor productivity levels are below the median of other ...

AI investment could raise asset valuations and financial stability risks. Monetary policy may become more accommodative as ...