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A revised approach to productivity convergence in long‑term scenarios

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/a-revised-approach-to-productivity-convergence-in-long-term-scenarios_0b8947e3-en.html
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The paper describes revisions to the trend labour efficiency component of the production function underpinning long-term economic scenarios. The main goal of the revision is to add more policy and institutional determinants in the equation to enrich the scenarios that can be constructed. In the proposed equation, equilibrium trend labour...
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