Innovation, productivity and growth: The end of an era?

Sep 12, 2016

Pedestrians cast shadows on the crosswalk near the headquarters of the Bank of Japan in Tokyo December 19, 2014. The Bank of Japan maintained its massive monetary stimulus on Friday and offered a brighter view of the economy, clinging to hope that joint efforts with Prime Minister Shinzo Abe to revitalise the economy will prod companies into boosting wages and investment.

“Economic growth is not a steady process that creates economic advance at a regular pace, century after century.” Image: REUTERS/Issei Kato

Vinaya Swaroop

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