Productivity and Economic Growth in Europe: A Comparative Industry Perspective
| Autor: | Marcel P. Timmer, Robert Inklaar, Mary O'Mahony, Bart van Ark |
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| Jazyk: | angličtina |
| Rok vydání: | 2011 |
| Předmět: | |
| Zdroj: | International Productivity Monitor, Iss 21, Pp 3-23 (2011) |
| Druh dokumentu: | article |
| ISSN: | 1492-9759 1492-9767 |
| Popis: | 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 behind is the combined result of a severe productivity slowdown in traditional manufacturing and other goods production, and a concomitant failure to invest in and reap the benefits from Information and Communications Technology (ICT), in particular in market services. The analysis is based on an update of the EU KLEMS growth accounting database and introduces a new measure for patterns of growth. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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