Productivity Slowdown

Two very interesting and recent papers on productivity slowdown:

A Theory of Falling Growth and Rising Rents – Philippe Aghion et al.

Low Interest Rates, Market Power, and Productivity Growth – Ernest Liu et al.

Both contribute productivity slowdown to market concentration, yet via different mechanisms (entry cost for Aghion et al. and low interest rate for Ernest Liu et al.).

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s