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| Author: | Wolff, E. |
| Title: | The productivity slowdown: the culprit at last? Follow-up on Hulten and Wollf |
| Journal: | American Economic Review
1996 : DEC, VOL. 86:5, p. 1239-1252 |
| Index terms: | ECONOMICS AMERICA PRODUCTIVITY |
| Language: | eng |
| Abstract: | In this paper, the author uses more recent data for six OECD countries (France, Germany, Japan, the Netherlands , the United Kingdom, and the United States) compiled by Angus Maddison and focuses on the period from 1950 to 1989. The author finds here that vintage effect is, indeed, a very strong determinant of the post-1973 productivity slowdown among OECd countries, explaining on average about two-fifths of the slowdown. The effect varies among countries, from a low 23 percent in Japan to 69 percent in France. |
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