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What is Manufacturing vs Non-Manufacturing TFP Growth about?

This study analyzes the differing impacts of manufacturing and non-manufacturing total factor productivity (TFP) growth on long-term economic growth in developed economies from 1970 to 2011. It finds that manufacturing TFP growth directly enhances economic growth and indirectly influences capital and labor input growth, while non-manufacturing TFP growth does not exhibit similar effects. The results support the importance of maintaining manufacturing TFP growth, particularly in light of recent reindustriali

Author

912414846

Language

EN