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Abstract

Two different approaches are used in this article to study productivity per employee: the determinants of its growth rate in the 1990s are first examined, and then the determinants of its level, using a more structural approach. ICT are shown to have a positive and significant effect on both growth rates and levels of productivity. This result is consistent with that of Gust and Marquez (2002), although the sample of countries is larger and GMM are used. In both sections of the paper, the employment rate and productivity exhibit a significant negative relationship, arising from the concentration of employment on the most productive members of the workforce. Indicators of financial depth and price stability are found to be significant.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 91 (2006)
Issue (Month): 2 (May)
Pages: 153-157

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Handle: RePEc:eee:ecolet:v:91:y:2006:i:2:p:153-157

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Web page: http://www.elsevier.com/locate/ecolet

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Find related papers by JEL classification:

• C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
• C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
• O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

References

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Citations

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Cited by:

1. Francesco Venturini, 2009. "The long-run impact of ICT," Empirical Economics, Springer, vol. 37(3), pages 497-515, December.
   
   • Francesco VENTURINI, 2006. "The Long-Run Impact of ICT," Working Papers 254, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
2. Enrico Marelli & Francesco Pastore, 2010. "Labour, productivity and growth: an introductory essay," International Journal of Manpower, Emerald Group Publishing, vol. 31(7), pages 701-712, November.
3. Emilia Herman & Maria-Ana Georgescu, 2012. "Is there a trade-off between employment and labour productivity in new EU member states?," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(45), pages 303-318, December.
4. Hugo Erken & Piet Donselaar & Roy Thurik, . "Total Factor Productivity and the Role of Entrepreneurship," Tinbergen Institute Discussion Papers 09-034/3, Tinbergen Institute.
   
   • Hugo Erken & Piet Donselaar & Roy Thurik, 2008. "Total factor productivity and the role of entrepreneurship," Jena Economic Research Papers 2008-019, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
5. Bruno Tissot & Les Skoczylas, 2005. "Revisiting recent productivity developments across OECD countries," BIS Working Papers 182, Bank for International Settlements.
6. Pierre-Alain Muet, 2006. "Impacts économiques de la révolution numérique," Revue économique, Presses de Sciences-Po, vol. 57(3), pages 347-375.
7. David Sondermann, 2012. "Productivity in the euro area- Any evidence of convergence?," Working Paper Series 1431, European Central Bank.
8. Cyril Pouvelle & Pritha Mitra, 2012. "Productivity Growth and Structural Reform in Bulgaria: Restarting the Convergence Engine," IMF Working Papers 12/131, International Monetary Fund.
9. Enrico Marelli & Marcello Signorelli, 2010. "Employment, productivity and models of growth in the EU," International Journal of Manpower, Emerald Group Publishing, vol. 31(7), pages 732-754, November.
10. Renaud Bourlès & Gilbert Cette & Anastasia Cozarenco, 2012. "Employment and Productivity: Disentangling Employment Structure and Qualification Effects," International Productivity Monitor, Centre for the Study of Living Standards, vol. 23, pages 44-54, Spring.
    
    • Renaud Bourlès & Gilbert Cette & Anastasia Cozarenco, 2010. "Employment and productivity: disentangling employment structure and qualification effects," Working Papers halshs-00467107, HAL.
11. Andrea Bassanini & Danielle Venn, 2008. "The Impact of Labour Market Policies on Productivity in OECD Countries," International Productivity Monitor, Centre for the Study of Living Standards, vol. 17, pages 3-15, Fall.
12. Aaron Drew, 2007. "New Zealand's productivity performance and prospects," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, March.

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