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Is Slow Economic Growth the 'New Normal' for Europe?
- Source :
- Atlantic Economic Journal; Sep2017, Vol. 45 Issue 3, p283-297, 15p, 8 Charts, 1 Graph
- Publication Year :
- 2017
-
Abstract
- This paper considers future European growth prospects in the light of a new productivity paradox, namely, the co-existence of a productivity slowdown and exciting new technologies. Several potential explanations are reviewed. It is argued that while some are unpersuasive it is too soon to be sure which carry the most weight. This has the implication that while the slowdown is real, it is not necessarily permanent. A key, hotly disputed issue is the future economic impact of technological progress on which forecasts differ dramatically. Supply-side reform could have a strong positive effect, but this is not likely to happen. [ABSTRACT FROM AUTHOR]
- Subjects :
- ECONOMIC development
TECHNOLOGY
RECESSIONS
ECONOMICS
Subjects
Details
- Language :
- English
- ISSN :
- 01974254
- Volume :
- 45
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Atlantic Economic Journal
- Publication Type :
- Academic Journal
- Accession number :
- 125109797
- Full Text :
- https://doi.org/10.1007/s11293-017-9551-9