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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 ...
Total factor productivity (TFP) serves as a critical indicator for measuring enterprise efficiency and technological progress. However, existing prediction methods often fail to distinguish genuine ...
Productivity growth shows evidence of switching between long periods of high and low average growth. Estimates suggest that the United States has been in the low-growth regime since 2004. Assuming ...
Artificial intelligence investment is sustaining global demand, but central banks should not assume the technology has ...
U.S. labor productivity has grown quickly during the pandemic compared with the past decade. However, this rapid pace is unlikely to be sustained. Similar to the Great Recession, the primary reasons ...
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 ...
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 ...
The United States has become better known for inventing things than making them. That goes for everything from Apple’s iPhones to Levi’s jeans. Low-cost foreign labor is an obvious reason factories ...
AI investment could raise asset valuations and financial stability risks. Monetary policy may become more accommodative as ...
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