.3 percentage points off the annual GDP growth during the 1996-2011 period. Allocative efficiency deterioration, despite being a …

. We performed a medium term quantitative analysis combining data based on the production function and growth accounting … approach. Our results show that the erosion of the European growth potential has been a longer latent process. It began well … before the outbreak of the latest economic crisis. Simulations suggest that the recovery in the rate of potential growth can …

productivity growth. As a consequence, the peripheral member states specialized in non-tradable sectors, and in low-technology and … labor-intensive tradable goods sectors, which largely explains the peripherals’ low economic growth, low productivity growth …

sectoral transformation, and labour productivity growth in the EU in several new dimensions. First, based on the latest data …, we document the size of the negative effect that structural change has exerted onto productivity growth over long time … structural change may have on future productivity growth. This model generates structural change through both price and income …

This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact … that structural change may have on future productivity growth. We document that the observed reallocation of economic …