US productivity, as the above chart shows, has slowed in recent years. Now, this data is highly cyclical, subject to revision, and may be missing some aspect of the information economy like web-based ...
Total factor productivity and multifactor productivity are basically same thing; the latter just happened to be the term Gordon used in that paper. Elsewhere, Gordon has called TFP “the best available ...
Even though everyone talks about productivity as though it’s purely a question of political will for the government to “fix” it, it’s very complicated to do so (especially while everyone is using it ...
Labour productivity – which is the output each person produces in the economy – matters hugely for every Australian. As Nobel Prize-winner Paul Krugman famously said, “Productivity isn't everything, ...
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