Exact(12)
But now that the boom has collapsed into sluggish growth, productivity's contribution to that prosperity is uncertain.
Yet productivity growth then held up better than in 2005 (see chart)."Labour hoarding" is one reason put forward to explain productivity's current poor performance.
A rash of new studies that try to forecast productivity's behavior in the months ahead predict rates that are all over the lot.
"Although Chairman Greenspan has taken a lot of flak for posing the inflation threat in the context of productivity's demand-side effects, the chairman's larger point often seems overlooked," economists at Salomon Smith Barney wrote earlier this month.
Only retail sales spoiled the fun; after a disappointing decline of 0.4% in March, volume was up only 1.6% on a year earlier.Revised figures from America showed that labour productivity's rate of change fell to eight-year lows in the first quarter.
When calculating the total factor productivity's growth using the growth accounting method, we use the labor and assets' average cost share of each industry.
Similar(45)
Productive capital does not "enhance" labor productivity (labor's ability to produce economic goods).
Contrary to conventional thinking, productive capital does not "enhance" labor productivity (labor's ability to produce economic goods).
For all the talk about America's productivity miracle, Germany's productivity growth has actually been more than twice as fast as America's over the past decade.This is not to say that America should now junk its model.
The productivity commission's final report is due in September.
I've got to say that obviously the productivity commission's report is still in draft.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com