--- canonical_url: "https://csls.ca/ipm-archive/ipm-issue-39/long-run-tfp-growth-lessons-from-a-multi-country-dataset/" title: "Long-run TFP Growth: Lessons from a Multi-country Dataset" author: name: "CSLS" url: "https://csls.ca/author/cslc/" date_published: "2026-07-13T07:53:18+00:00" date_modified: "2026-07-13T07:53:18+00:00" post_type: "ipm" summary: "" ipm_issue_period: - "Fall 2020" ipm_keyword: - "1890-2015" - "Banque de France" - "electricity wave" - "Euro area" - "ICT" - "Japan" - "long-run" - "multi-country" - "productivity" - "TFP" - "UK" - "United States" ipm_research_theme: - "Productivity trends and comparisons" ipm_country_focus: - "Europe" - "International" - "Japan" - "United Kingdom" - "United States" featured_image: "https://csls.ca/wp-content/uploads/2026/06/IPM_50_banner.webp" status: "publish" --- # Long-run TFP Growth: Lessons from a Multi-country Dataset Canonical URL: https://csls.ca/ipm-archive/ipm-issue-39/long-run-tfp-growth-lessons-from-a-multi-country-dataset/ # Long-run TFP Growth: Lessons from a Multi-country Dataset [Download full PDF article](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-39-5-Cette.pdf) Cite this article × Cite this article as: Cette, Gilbert, John Fernald, and Benoît Mojon. 2020. “Long-run TFP Growth: Lessons from a Multi-country Dataset.” International Productivity Monitor, No. 39 (Fall 2020): 74–80. https://www.csls.ca/ipm-archive/ipm-issue-39/long-run-tfp-growth-lessons-from-a-multi-country-dataset/ ## Authors: - Gilbert Cette Banque de France; University of Aix-Marseille II (CEDERS); INSEE-CREST; University of Aix-Marseille II (CEDERS) - John Fernald INSEAD; Federal Reserve Bank of San Francisco - Benoît Mojon Bank for International Settlements ## IPM Issue 39 Fall 2020 pp. 74–80 ## Related IPM articles [Efficiency Adjustment of Hours Worked: Two Possible Modifications of a Jorgensen Production Model Barbara Fraumeni Fall 2025 | IPM Issue 49 | pp. 103–115](https://csls.ca/ipm-archive/ipm-issue-49/efficiency-adjustment-of-hours-worked-two-possible-modifications-of-a-jorgensen-production-model/) [Labour Productivity as a Measure of Technological Change Ulrich Kohli Fall 2025 | IPM Issue 49 | pp. 64–81](https://csls.ca/ipm-archive/ipm-issue-49/labour-productivity-as-a-measure-of-technological-change/) [The Relationship between Efficiencies Defenses for Mergers and TFP Growth Robin Shaban Fall 2025 | IPM Issue 49 | pp. 82–102](https://csls.ca/ipm-archive/ipm-issue-49/the-relationship-between-efficiencies-defenses-for-mergers-and-tfp-growth/) [Adult Skills and Productivity: New Evidence from PIAAC 2023 Dan Andrews, Balázs Égert, Christine de La Maisonneuve Fall 2025 | IPM Issue 49 | pp. 41–63](https://csls.ca/ipm-archive/ipm-issue-49/adult-skills-and-productivity-new-evidence-from-piaac-2023/) [The Potential Impact of Pro-competitive Regulatory Reforms on Productivity and Growth in Canada Gilbert Cette, Jimmy Lopez, Giuseppe Nicoletti, Océane Vernerey Fall 2025 | IPM Issue 49 | pp. 3–40](https://csls.ca/ipm-archive/ipm-issue-49/the-potential-impact-of-pro-competitive-regulatory-reforms-on-productivity-and-growth-in-canada/) [IPM Issue 49 Editors’ Overview Andrew Sharpe, Bart van Ark, Paul Schreyer Fall 2025 | IPM Issue 49 | pp. 1–2](https://csls.ca/ipm-archive/ipm-issue-49/) [ONS Response to ‘Are UK Regional Productivity Disparities Really Narrowing?’ Richard Prothero Spring 2025 | IPM Issue 48 | pp. 85–89](https://csls.ca/ipm-archive/ipm-issue-48/ons-response-to-are-uk-regional-productivity-disparities-really-narrowing/) [New Measures of Public Service Productivity: Lessons and Results from the United Kingdom Richard Heys Spring 2025 | IPM Issue 48 | pp. 90–114](https://csls.ca/ipm-archive/ipm-issue-48/new-measures-of-public-service-productivity-lessons-and-results-from-the-united-kingdom/) [De-industrialization and the Great Productivity Slowdown: What Comes Next? Paul Fisher Spring 2025 | IPM Issue 48 | pp. 115–138](https://csls.ca/ipm-archive/ipm-issue-48/de-industrialization-and-the-great-productivity-slowdown-what-comes-next/) [Are UK Regional Productivity Disparities Really Narrowing? An Investigation into Recent Productivity Data Revisions Fokke Reitze Gouma, Philip McCann, Raquel Ortega-Argilés Spring 2025 | IPM Issue 48 | pp. 63–84](https://csls.ca/ipm-archive/ipm-issue-48/are-uk-regional-productivity-disparities-really-narrowing-an-investigation-into-recent-productivity-data-revisions/) ## Abstract ## Résumé EN FR Copy link Email LinkedIn This article presents evidence on long-run TFP trends from a multi-country dataset covering the U.S., Euro area, UK, and Japan from 1890 to 2015 (extending the Bergeaud-Cette-Lecat database). It identifies two major productivity waves (electrification and the ICT revolution) and documents the persistent nature of the current TFP slowdown. After adjusting for the quality of factor inputs, most of the slowdown remains unexplained. The article argues that demographic headwinds and secular stagnation in innovation provide the best available explanation for the current slow-growth environment. Cet article présente des données probantes sur les tendances à long terme de la PMF à partir d’un ensemble de données multi-pays couvrant les États-Unis, la zone euro, le Royaume-Uni et le Japon de 1890 à 2015 (étendant la base de données Bergeaud-Cette-Lecat). Il identifie deux grandes vagues de productivité (l’électrification et la révolution des TIC) et documente la nature persistante du ralentissement actuel de la PMF. Après ajustement pour la qualité des intrants de facteurs, l’essentiel du ralentissement reste inexpliqué. L’article soutient que les vents contraires démographiques et la stagnation séculaire de l’innovation fournissent la meilleure explication disponible pour l’environnement de faible croissance actuel. [Download full PDF](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-39-5-Cette.pdf)