It takes the average reader and 59 minutes to read The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies by Ms. Era Dabla-Norris
Assuming a reading speed of 250 words per minute. Learn more
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and investments in information technology and human capital in driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also focus on large changes in the structural indicators examine their dynamic impact on productivity, employment, and output. Our results suggest that reform priorities depend on country-specific settings, including the scale of specific policy distortions and the distance from the technology frontier. Productivity gains from reforms are large and materialize predominantly in the medium term, with some important variations across industries and countries.
The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies by Ms. Era Dabla-Norris is 58 pages long, and a total of 14,964 words.
This makes it 20% the length of the average book. It also has 18% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 21 minutes to read The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies aloud.
The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies is suitable for students ages 8 and up.
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