Report
The only possible explanation for the weakening of productivity gains in OECD countries: Declining human capital and labour force skills
In OECD countries, there have been increases in: Investment in new technologies; Automation by companies; The R&D effort; Capital intensity. Despite all these positive trends, productivity gains in OECD countries have fallen. If the quality of physical capital has improved, then the only possible explanation for the decline in productivity gains is a decline in the quality of human capital ( labour force skills ) .
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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