Gone with the headwins :: global productivity /
Productivity growth-the key driver of living standards-fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building on new research, this note finds that the productivity slowdown reflects both crisis legacies and structur...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Place of publication not identified] :
International Monetary Fund,
2017.
|
| Schriftenreihe: | Staff Discussion Notes.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Productivity growth-the key driver of living standards-fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building on new research, this note finds that the productivity slowdown reflects both crisis legacies and structural headwinds. In advanced economies, the global financial crisis has led to "productivity hysteresis"--Persistent productivity losses from a seemingly temporary shock. Behind this are balance sheet vulnerabilities, protracted weak demand and elevated uncertainty, which jointly triggered an adverse feedback loop of weak investment, weak productivity and bleak income prospects. Structural headwinds-already blowing before the crisis-include a waning ICT boom and slowing technology diffusion, partly reflecting an aging workforce, slowing global trade and weaker human capital accumulation. Reviving productivity growth requires addressing remaining crisis legacies in the short run while pressing ahead with structural reforms to tackle longer-term headwinds. |
| Beschreibung: | 1 online resource |
| ISBN: | 1475589867 9781475589863 1475589670 9781475589672 |
| ISSN: | 2221-030X |
Internformat
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| 520 | 3 | |a Productivity growth-the key driver of living standards-fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building on new research, this note finds that the productivity slowdown reflects both crisis legacies and structural headwinds. In advanced economies, the global financial crisis has led to "productivity hysteresis"--Persistent productivity losses from a seemingly temporary shock. Behind this are balance sheet vulnerabilities, protracted weak demand and elevated uncertainty, which jointly triggered an adverse feedback loop of weak investment, weak productivity and bleak income prospects. Structural headwinds-already blowing before the crisis-include a waning ICT boom and slowing technology diffusion, partly reflecting an aging workforce, slowing global trade and weaker human capital accumulation. Reviving productivity growth requires addressing remaining crisis legacies in the short run while pressing ahead with structural reforms to tackle longer-term headwinds. | |
| 650 | 0 | |a Industrial productivity. |0 http://id.loc.gov/authorities/subjects/sh85065915 | |
| 650 | 6 | |a Productivité. | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Industries / General. |2 bisacsh | |
| 650 | 7 | |a Industrial productivity |2 fast | |
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| 776 | 0 | 8 | |i Print Version: |a Adler, Gustavo. |t Gone with the Headwinds: Global Productivity. |d Washington, D.C. : International Monetary Fund,2017 |z 9781475589672 |
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| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:27:46Z |
| institution | BVB |
| isbn | 1475589867 9781475589863 1475589670 9781475589672 |
| issn | 2221-030X |
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| spelling | Adler, Gustavo, 1974- https://id.oclc.org/worldcat/entity/E39PCjyjTQKmh6VMbJGh8Ftp6C http://id.loc.gov/authorities/names/no2005009317 Gone with the headwins : global productivity / Gustavo Adler [and 5 others]. [Place of publication not identified] : International Monetary Fund, 2017. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff Discussion Notes, 2221-030X Online resource; title from PDF title page (EBSCO, viewed October 9, 2018). Productivity growth-the key driver of living standards-fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building on new research, this note finds that the productivity slowdown reflects both crisis legacies and structural headwinds. In advanced economies, the global financial crisis has led to "productivity hysteresis"--Persistent productivity losses from a seemingly temporary shock. Behind this are balance sheet vulnerabilities, protracted weak demand and elevated uncertainty, which jointly triggered an adverse feedback loop of weak investment, weak productivity and bleak income prospects. Structural headwinds-already blowing before the crisis-include a waning ICT boom and slowing technology diffusion, partly reflecting an aging workforce, slowing global trade and weaker human capital accumulation. Reviving productivity growth requires addressing remaining crisis legacies in the short run while pressing ahead with structural reforms to tackle longer-term headwinds. Industrial productivity. http://id.loc.gov/authorities/subjects/sh85065915 Productivité. BUSINESS & ECONOMICS / Industries / General. bisacsh Industrial productivity fast has work: Gone with the headwins (Text) https://id.oclc.org/worldcat/entity/E39PCGTrcDKqgwxyyKCdJ6d6yq https://id.oclc.org/worldcat/ontology/hasWork Print Version: Adler, Gustavo. Gone with the Headwinds: Global Productivity. Washington, D.C. : International Monetary Fund,2017 9781475589672 Staff Discussion Notes. FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496853 Volltext |
| spellingShingle | Adler, Gustavo, 1974- Gone with the headwins : global productivity / Staff Discussion Notes. Industrial productivity. http://id.loc.gov/authorities/subjects/sh85065915 Productivité. BUSINESS & ECONOMICS / Industries / General. bisacsh Industrial productivity fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85065915 |
| title | Gone with the headwins : global productivity / |
| title_auth | Gone with the headwins : global productivity / |
| title_exact_search | Gone with the headwins : global productivity / |
| title_full | Gone with the headwins : global productivity / Gustavo Adler [and 5 others]. |
| title_fullStr | Gone with the headwins : global productivity / Gustavo Adler [and 5 others]. |
| title_full_unstemmed | Gone with the headwins : global productivity / Gustavo Adler [and 5 others]. |
| title_short | Gone with the headwins : |
| title_sort | gone with the headwins global productivity |
| title_sub | global productivity / |
| topic | Industrial productivity. http://id.loc.gov/authorities/subjects/sh85065915 Productivité. BUSINESS & ECONOMICS / Industries / General. bisacsh Industrial productivity fast |
| topic_facet | Industrial productivity. Productivité. BUSINESS & ECONOMICS / Industries / General. Industrial productivity |
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