Challenges to Mismeasurement Explanations for the US Productivity Slowdown

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CFA Digest
November 2017 | Vol. 47 | No. 11
Source: CFA Institute
Chad Syverson
Paul R. Rossi, CFA (Reviewer)

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Summary

The United States and many other developed economies have experienced a slowdown in labor productivity growth since 2005. Some have suggested that the growth rate is actually higher than what is being reported, claiming it is a mismeasurement. The data and subsequent analysis counter this idea and reveal that the slower US productivity levels are indeed real.

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Topics
  • Economics:
    • Measuring National Income and Growth
    • ·
    • Business Cycles
    • ·
    • Economic Growth and Development
  • Portfolio Management:
    • Economic Analysis and Capital Market Expectations
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