technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence … of an increased contribution of ICT to economic growth both in terms of production and investment in the second half of … overall productivity growth. This implies that there is no reason to believe that potential output growth in the euro area has …

of equipment and software grow on average 3 percentage points faster annually - a doubling of their growth rates. Quality …-adjusted output grows 0.46 percentage points faster annually - a 20 percent increase. In terms of growth accounting, quality … adjustment subtracts 11 percentage points from the share of TFP in aggregate growth and adds them to the share of equipment stock …

productivity growth in these countries, focusing on a panel of Polish manufacturing industries. Companies in Poland seem to benefit … constructing endogenous growth models for the EU catching-up economies. …

construct an estimate of growth in euro area labour quality over the period 1983-2004 and show that labour quality has grown on … average by 0.6% year-on-year over this time period. Labour quality growth was significantly higher in the early 1990s than in … prime age. Growth in labour quality moderated again towards the end of the 1990’s, possibly reflecting the impact of robust …

This paper is concerned with the estimation of euro area potential output growth and its decomposition according to the … sources of growth. The growth accounting exercise is based on a multivariate structural time series model which combines the … output growth and the decomposition according to the sources of growth at different horizons (long-run, medium run and short …