Causes of Declining Growth in Industrialized Countries

نویسندگان

  • Kumiharu Shigehara
  • Kumtharu Shigehara
چکیده

A clear break in the post-World War I1 pattern of rapid productivity growth was a virtually universal phenomenon across Organization for Economic Cooperation and Development (OECD) countries, in most of them beginning in the early 1970s. This development had implications for both the evolution of aggregate supply, as well as the growth of real income and the types of macroeconomic and structural policies needed to sustain and enhance economic welfare. The 1980s saw some signs of revival in output and productivity growth in the OECD area, but they are not yet broad enough, nor have they been sustained long enough to justify optimism about improved trends.

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تاریخ انتشار 2005