Newsletter
Where has all the productivity growth gone?
Abstract: The productivity of an economy is a measure of the efficiency with which that economy uses its resources?such as its labor and investments in capital?to produce valuable goods and services. Productivity is important because growth in the amount of goods and services produced for a given amount of labor and capital is the ultimate determinant of growth in living standards in an economy over time.
Keywords: Productivity; Labor productivity;
Access Documents
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2013/cfljanuary2013_306.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2013
Issue: Jan
Order Number: 306