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Demand, employment, and labour productivity in the European economies

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  • Palazuelos, Enrique
  • Fernández, Rafael
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    Abstract

    This paper presents an explanation of the causes of the slowdown in growth in labour productivity in European economies in recent decades. In first instance, the weakness of domestic demand is what determines this slowdown in productivity. However, differences with the (mediocre) rates of growth of productivity between European countries are also related to the specific features of their respective labour markets because, in a context of weak domestic demand, there is a trade-off between employment and productivity.

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    Bibliographic Info

    Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

    Volume (Year): 20 (2009)
    Issue (Month): 1 (March)
    Pages: 1-15

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    Handle: RePEc:eee:streco:v:20:y:2009:i:1:p:1-15

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    Web page: http://www.elsevier.com/locate/inca/525148

    Related research

    Keywords: Economic growth Labour productivity Domestic demand Labour markets Europe;

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    15. Jörg Bibow, 2001. "Making EMU Work: Some Lessons from the 1990s," Macroeconomics 0103008, EconWPA.
    16. Mark Doms & Eric J. Bartelsman, 2000. "Understanding Productivity: Lessons from Longitudinal Microdata," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 569-594, September.
    17. Jesus Felipe & John S. L. McCombie, 2007. "Is A Theory Of Total Factor Productivity Really Needed?," Metroeconomica, Wiley Blackwell, vol. 58(1), pages 195-229, 02.
    18. Jorg Bibow, 2001. "Making EMU Work: Some lessons from the 1990s," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(3), pages 233-259.
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