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Total Factor Productivity

Total Factor Productivity latest publications

March 3, 2020

'The law of silence' and the potential of the Spanish economy

Since the beginning of the recovery, GDP growth in Spain (2.6% per year) has been one of the highest among the large developed economies and consistently higher than that seen for the EMU as a whole (1.8%), but is this a valid and sustainable point of reference for the coming years?

January 13, 2020

Scaling without mass: a model to foster SMEs' growth and productivity

The New Digital Economy (mobile internet and cloud use) has the potential to transform the way in which SMEs combine capital and labor to obtain improvements in productivity levels, so that size could no longer be a limitation under this scenario.

January 10, 2018

China | From great miracle to great moderation: potential GDP estimation of China

In the recently concluded 19th Party’s National Congress, the authorities have come up with a two-stage development plan. Using traditional Cobb-Douglas production function to gauge China’s potential GDP, we found China’s per capita GDP can increase to USD 21,000 (constant price of today) by 2035, in line with the authoriti…