IMF paper argues technological slowdown not main driver of weak productivity
Research sheds light on US productivity problems
Slower technological progress, especially in IT, is not the main factor behind the recent slowdown in US total factor productivity (TFP) growth, according to a working paper published on May 28 by the IMF.
US Total Factor Productivity Slowdown: Evidence from the US States by Roberto Cardarelli and Lusine Lusinyan examines the divergent outcomes in productivity among states in the US for clues as to policies that could reverse the slowdown. As the authors note, it is not just the US that is
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