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The slowdown in trend productivity growth in the pre-crisis period is mostly explained by a long-established slowdown in TFP growth, but since the crisis, the further deceleration is mainly due to weak capital deepening, a development apparent in practically every OECD country. According to Ministry estimates, farmers pay 40% of the cost of electricity, municipalities pay 83% of the cost of electricity used for street lighting, and industry (which constituted 59% of the sales in 1998) paid 91% of the cost for electricity.

Pages: 364

Publisher: Routledge; 3 edition (May 16, 2014)

ISBN: 0415695481

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