Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information ...

The assumption behind popular data on national capital stocks, and therefore total factor productivity, is that countries were in a steady state in the first year that investment data became available ...

The secret ingredient in economic growth is what economists call total factor productivity. You can always increase output by putting more people or more machines to work, but that consumes real ...

To become wealthier, a country needs strong growth in productivity—the output of goods or services from given inputs of labor and capital. For most people, in theory at least, higher productivity ...