01832cas a2200253 a 4500 AALejournalIMF016189 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513527918 1018-5941 BD-DhAAL BD-DhAAL Karpowicz, Izabela. Productivity Growth and Value Chains in Four European Countries / Izabela Karpowicz, Nujin Suphaphiphat. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the Netherlands, based on firm-level data. Participation in global value chains appears to have affected productivity positively, including through its effect on TFP when facilitated by higher investment in intangible assets, a proxy for firm innovation. Other contributors to productivity growth in firms are workforce aging, access to finance, and skills mismatches. Mode of access: Internet Suphaphiphat, Nujin. IMF Working Papers; Working Paper ; No. 2020/018 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/018/001.2020.issue-018-en.xml IMF e-Library