It takes the average reader and 32 minutes to read Tracing Productivity Growth Channels in the UK by Mr. Daniel Garcia-Macia
Assuming a reading speed of 250 words per minute. Learn more
What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by incumbent firms on their own products, whereas creation of new varieties by entrants took a leading role post-GFC. In the Covid recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms’ products) is expected to gain importance. This emphasizes the need for growth policies that facilitate labor and capital reallocation across firms, in addition to R&D support.
Tracing Productivity Growth Channels in the UK by Mr. Daniel Garcia-Macia is 32 pages long, and a total of 8,064 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Tracing Productivity Growth Channels in the UK aloud.
Tracing Productivity Growth Channels in the UK is suitable for students ages 8 and up.
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