Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy Database

Vivian Chen (), Abhay Gupta (), Andre Therrien (), Gad Levanon () and Bart van Ark ()

International Productivity Monitor, 2010, vol. 19, 3-19

Abstract: The recession left its mark on global productivity, which fell in 2009. The productivity growth differential between the United States and Europe increased dramatically in 2009. Average long-term growth of labour productivity in advanced economies has stalled since 2000. The gradual improvement in world productivity is due to emerging and developing economies. In particular the long-term increase in TFP growth reflects a strengthening of the efficiency with which emerging and developing economies use labour and capital in productive economic activity.

Keywords: Productivity; Total-Factor Productivity; Cross-Country Comparison; Labour Productivity; EfficiencyLabour; Capital (search for similar items in EconPapers)
JEL-codes: D24 F00 J24 O11 O47 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (12)

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