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Productivity and Economic Growth in Europe: A Comparative Industry Perspective

Year: 2011

Type: article

Abstract: 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.

Source: RePEc: Research Papers in Economics

Authors: Marcel P. Timmer, Robert Inklaar, Mary O'Mahony, Bart van Ark

Institution: University of Groningen

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W1580910455

FWCI: 14.62

Cites: 28

Cited by: 71

Related to: 10