Publication
Dec 2010
This paper provides evidence on past growth of productivity, analyzing the evolution of labor productivity, capital deepening and multi-factor productivity. Based on a literature review of recent studies, it shows that economic growth is increasingly attributable to the accumulation of intangible capital and that consequently, an increasing share of conventionally measured rise in labor productivity has, in fact, been ploughed back into the economy as intangible capital formation.
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English (PDF, 32 pages, 284 KB) |
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Author | Jørgen Mortensen |
Series | CEPS Working Documents |
Issue | 342 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2010 Centre for European Policy Studies (CEPS) |