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- W3122398981 abstract "Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper analyzes the reasons behind this disconcerting development. A major factor is the turnaround of the labor market that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As a potentially important countervailing force, technological advances associated with digitization would have had the potential to lift productivity growth more strongly, but they frequently translated into employment growth instead." @default.
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- W3122398981 date "2018-01-01" @default.
- W3122398981 modified "2023-09-23" @default.
- W3122398981 title "The German productivity paradox: Facts and explanations" @default.
- W3122398981 hasPublicationYear "2018" @default.
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