Labour productivity growth over the business cycle

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Publisher: OECD Publishing

ISSN: 1608-0270

Source: SourceOECD Science & Information Technology, Vol.2009, Iss.18, 2009-12, pp. : 38-39

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Abstract

Labour productivity is a key economic indicator commonly used to measure economic performance. It is closely associated with standards of living. In most OECD countries, labour productivity tends to increase over economic booms and decrease during recessions.