This is a key element in macroeconomic analysis in general, but unfortunately it is also a rather elusive element. Productivity has played a key role in the Danish debate in recent years in view of the item’s weak development over many years. Or, at least, this is what the official figures show.
Productivity determines a society’s affluence in the long term, which makes it a key concept. It is not so easy to get to the bottom of our poor performance. We use a lot of money on the important productivity enhancing factors, but do we use the money in the right way?