IDEAS home Printed from https://ideas.repec.org/a/eaa/ijaeqs/v1y2004i1_23.html
   My bibliography  Save this article

Labour Productivity in the European Union and Comparison with the USA, 1979-2001

Author

Listed:
  • KORRES, George M.
  • CHIONIS, Dionysios P.
  • TSAMADIAS, Constantine

Abstract

This paper examines the possible macroeconomic consequences of changes in trend of productivity growth for European countries. Overall the results suggest that a rise in trend factor productivity will lead to higher levels of production and real income, however employment adjustment will depend on the extent to which the long-run equilibrium of an economy is affected. In this paper we present an international comparison of growth trends in the OECD countries, with a special attention to developments in labor productivity, allowing for human capital accumulation, and multifactor productivity (MFP). The main conclusions are that some «traditional» factors lay behind the disparities in growth patterns across the European countries.

Suggested Citation

  • KORRES, George M. & CHIONIS, Dionysios P. & TSAMADIAS, Constantine, 2004. "Labour Productivity in the European Union and Comparison with the USA, 1979-2001," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 1(4), pages 85-112.
    • Handle: RePEc:eaa:ijaeqs:v:1:y2004:i:1_23
    as

    Download full text from publisher

    File URL: http://www.usc.es/economet/reviews/ijaeqs/ijaeqs145.pdf
    Download Restriction: No
    ---><---

    References listed on IDEAS

    as
    1. Guisan, M.C. & Aguayo, E., 2004. "Employment, Population and Regional Development in Western and Central Europe. Econometric Models and Challenges of EU Enlargement," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(2), pages 129-142.
    2. Claude Giorno & Pete Richardson & Wim Suyker, 1995. "Technical Progress, Factor Productivity and Macroeconomic Performance in the Medium Term," OECD Economics Department Working Papers 157, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elias Kourliouros & George Korres & Emmanuel Marmaras & George Tsobanoglou, 2006. "Economic Geography and Regional Growth: An Empirical Evidence From Greece," ERSA conference papers ersa06p30, European Regional Science Association.
    2. Maria-Carmen Guisan (ed.), 2023. "Education And International Development, 1960-2000: Economic Studies Of Oecd Countries, Latin America, Europe, Africa And Asia," ESTUDIOS ECONOMICOS EEBOOK, Euro-American Association of Economic Development, edition 1, volume 11, number ee11, March.
    3. ANDRADE, Carlos & PINHO, Carlos & PINHO, Maria de Fátima, 2010. "Exploring Regional Convergence: Evidence From 19 European Countries, 1991-2008," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
    4. GUISAN, Maria-Carmen & AGUAYO, Eva, 2010. "Second Homes In The Spanish Regions: Evolution In 2001-2007 And Impact On Tourism, Gdp And Employment," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    5. Jaromír Hurník & David Navrátil, 2005. "Potential Output in the Czech Republic: A Production Function Approach," Prague Economic Papers, Prague University of Economics and Business, vol. 2005(3), pages 253-266.
    6. Sell, Friedrich L., 2003. "Die Stabilitätsprogramme der EU: Anspruch und Wirklichkeit in den ersten vier Jahren der Europäischen Währungsunion," Working Papers in Economics 2003,2, Bundeswehr University Munich, Economic Research Group.
    7. Kieran Mc Morrow & Werner Roeger, 2001. "Potential Output: Measurement Methods, "New" Economy Influences and Scenarios for 2001-2010 - A comparison of the EU-15 and the US," European Economy - Economic Papers 2008 - 2015 150, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    8. Cécile Denis & Kieran Mc Morrow & Werner Röger, 2002. "Production function approach to calculating potential growth and output gaps - estimates for the EU Member States and the US," European Economy - Economic Papers 2008 - 2015 176, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    9. GUISAN, Maria-Carmen & CANCELO, Maria-Teresa, 2014. "Industry, Productivity And Development In 96 European Regions, 2005-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(1).
    10. Guisan, M.C. & Vazquez, E., 2013. "Employment, Productivity And Wages In European Regions: Econometric Model Of 96 Nuts-1 In Year 2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1).

    More about this item

    Keywords

    Economic growth; productivity; technical change;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:ijaeqs:v:1:y2004:i:1_23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: M. Carmen Guisan (email available below). General contact details of provider: http://www.usc.es/economet/eaa.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.