HOW TO NOT MISS A PRODUCTIVITY REVIVAL ONCE AGAIN

Over the past 15 years, productivity growth in advanced economies has significantly slowed, giving rise to paradox of New Digital Economy – that is, notion increased business spending on information and communication technology assets digital services without a noticeable increase productivity. We argue time lags are most important reason for slow emergence effects from transformation. This paper provides evidence underneath slowing rates at macro level, signs structural improvements can be detected. In United States positive contribution is coming producing sector. The Euro Area Kingdom show larger contributions intensive digital-using sectors, although also had fairly large number less industries which showed declines. find increases innovation competencies workforce concentrated showing faster labor productivity, even though more research needed identify causality. Finally, we speculate as recovery COVID-19 recession gets underway potential significant gains transformation medium term than during years.