How to revive productivity growth

This report analyses the recent trends in labour and total factor productivity in the EU and beyond (Section 2), then it identifies several factors that influence productivity, based on a literature survey and a cross-country empirical analysis (Section 3). Section 4 investigates the role of intangible investment and digitalization, while Section 5 looks at the relationship between competition, market power, and productivity. All these elements lead us to formulate some policy recommendations for the revival of productivity growth in the concluding Section.