The recession left its mark on global productivity, which fell in 2009. The productivity growth differential between the United States and Europe increased dramatically in 2009. Average long-term growth of labour productivity in advanced economies has stalled since 2000. The gradual improvement...

This article attempts to explain the relatively poor productivity growth in four major EU countries (Germany, France, United Kingdom, and Netherlands) relative to the United States. Our study is carried out from a sectoral perspective, focussing on the financial and business services sectors....

The objective of this article is to evaluate the impact of the oil and gas industry on labour productivity growth in Canada since 2000 through an exploration of the various channels, both direct and indirect, by which the oil and gas sector affects aggregate productivity. The article sheds light...

This article identifies three priorities for future productivity research: intangible assets, a better understanding of the impact of innovation on productivity, and a bridging of the gap between firm-level measures of productivity and industry-level and aggregate measures. It also makes the...

The production function underlying standard estimates of multifactor productivity (MFP)typically restricts the list of explicitly measured inputs to capital, labour and intermediate inputs (energy, materials and services). These inputs are measured in the national accounts, and in most...

Recent empirical studies confirm that the contribution of intangible capital investment to labour productivity growth is comparable to that of tangible capital investment for a wide range of countries, including the United States, the United Kingdom, Canada, Germany, and France. Following...

This article puts forward three priority areas for future productivity research. It first identifies important data gaps related to non-produced, non-financial assets such as land and sub-soil assets as the exclusion of these assets can lead to biased multifactor productivity growth estimates....

This article identifies health care, intangible capital, and the high-tech sector as priority areas for productivity research. In terms of health care, it highlights the importance of getting prices right and the key role that a satellite account for health care can play for productivity...

The 2000-2012 period was a difficult time for the Canadian forest products sector. Yet despite an unfavourable environment the sector experienced an above-average productivity performance, driven in particular by the wood product manufacturing subsector. While the forestry and logging subsector...

This article identifies hard-to-measure services, land/natural resources, and factory-less goods manufacturing as three priority areas for productivity research. It highlights three hard-to-measure sectors for special attention: health, education, and financial services, given the difficulty of...