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Why did European productivity growth slow down while American growth accelerated since the 1990s? In this article we provide a detailed analysis of the sources of growth from a comparative industry perspective, based on our recent book Economic Growth in Europe. We argue that Europe’s falling...
Persistent link: https://www.econbiz.de/10010833346
This paper provides an analysis of the trends in labour productivity and employment growth at industry level in the European Union and the United States during the 1990s. We analyse relationships for groups of industries, i.e. industries that produce ICT products and services, those that invest...
Persistent link: https://www.econbiz.de/10010784216
This paper gives an overview of the construction of and preliminary results from the EU KLEMS database which contains industry estimates of output, input and productivity growth for EU countries. The paper begins with a discussion of methodology and data sources covering output and...
Persistent link: https://www.econbiz.de/10011278366
This paper compares the effects of information and communication technology (ICT) on aggregate labour productivity growth in the European Union and the United States. It focuses on two transmission channels, namely (i) ICT-capital deepening and (ii) total factor productivity (TFP) growth...
Persistent link: https://www.econbiz.de/10005564765
In this paper, we make a comparison of industry output, inputs and productivity growth and levels between seven advanced economies (Australia, Canada, France, Germany, the Netherlands, United Kingdom and United States). Our industry-level growth accounts make use of input data on labour quantity...
Persistent link: https://www.econbiz.de/10005234136
"Since the mid-1990s, market services have positively influenced labor productivity growth in the US, but not in most European countries. We analyze these cross-country differences in growth dynamics using industry-level measures of output, inputs, and multifactor productivity (MFP) from the new...
Persistent link: https://www.econbiz.de/10005186289
Since the mid-1990s, labor productivity growth in Europe has significantly slowed compared to earlier decades. In contrast, labor productivity growth in the United States accelerated, so that a new productivity gap has opened up. This paper shows that this development is attributable to the...
Persistent link: https://www.econbiz.de/10005819963
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