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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...
Persistent link: https://www.econbiz.de/10012625868
Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon coun-tries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...
Persistent link: https://www.econbiz.de/10010343753
We revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10014067497
The present paper aims to contribute in improving the understanding of structural transformation in ECOWAS member states and what it takes to make true transformation happen in these countries. The paper used data covering years 1970 to 2013 to analyze the path of transformation followed by...
Persistent link: https://www.econbiz.de/10013026216
The aim of this paper is to investigate the interplay between structural change, interpreted as the secular process of 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...
Persistent link: https://www.econbiz.de/10012670165
This paper uses a new cross-country cross-industry dataset on investment in tangible and intangible assets for 18 European countries and the US. We set out a framework for measuring intangible investment and capital stocks and their effect on output, inputs and total factor productivity. The...
Persistent link: https://www.econbiz.de/10011587816
The main goal of the study is to identify the scope and trends in the manufacturing development of Russia and other countries of the Commonwealth of Independent States (CIS) in the context of integration effectiveness, industrial policies quality and competitiveness growth. Under current...
Persistent link: https://www.econbiz.de/10012992119
Kuznets famous paper was referring to the early stages of industrialization where as countries become richer income inequality first rises and then falls. In the present paper examining Western European countries during the period 1995 – 2006 Kuznets curve has a different shape. This paper is...
Persistent link: https://www.econbiz.de/10013148041
Along with the development of economies based on knowledge, the importance of knowledge input in production processes has been increasing. Enterprises may acquire knowledge input by developing their internal knowledge base and/or purchasing knowledge from external entities. Their internal...
Persistent link: https://www.econbiz.de/10012417813
Economic development has resulted in structural transformation towards economies based on services, which has raised some concerns about the limited opportunities for sustaining productivity growth. The aim of this paper is to examine total factor productivity (TFP) growth in the service sector...
Persistent link: https://www.econbiz.de/10012145452