Is There Any Evidence of a Deterioration of Production Capacities in the Advanced Economies?

Gilles Dufrénot
Additional contact information
Gilles Dufrénot: Sciences Po Aix

Chapter Chapter 2 in New Challenges for Macroeconomic Policies, 2023, pp 15-71 from Springer

Abstract: Abstract The production function of economies in the twenty-first century—assuming that it correctly summarizes reality—has nothing to do with that of past decades and centuries. New generations of innovations have appeared and question the relationship between capital and labor. The statistics show some paradoxes. In the midst of a new technological revolution, we are witnessing a slowdown in productivity gains, a drop in investment rates, and a decline in labor productivity. Potential growth itself is not as high as it could be. This chapter tries to provide some answers to these puzzles.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-15754-7_2

Ordering information: This item can be ordered from
http://www.springer.com/9783031157547

DOI: 10.1007/978-3-031-15754-7_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().