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Chuan Liu

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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.).

Posted on 2020-03-282020-11-02Leave a comment on Productivity Slowdown
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