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Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy Database

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Author Info

  • Vivian Chen

    ()

  • Abhay Gupta

    ()

  • Andre Therrien

    ()

  • Gad Levanon

    ()

  • Bart van Ark

    ()

Abstract

The recession left its mark on global productivity, which fell in 2009. The productivity growth differential between the United States and Europe increased dramatically in 2009. Average long-term growth of labour productivity in advanced economies has stalled since 2000. The gradual improvement in world productivity is due to emerging and developing economies. In particular the long-term increase in TFP growth reflects a strengthening of the efficiency with which emerging and developing economies use labour and capital in productive economic activity.

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Bibliographic Info

Article provided by Centre for the Study of Living Standards in its journal International Productivity Monitor.

Volume (Year): 19 (2010)
Issue (Month): (Spring)
Pages: 3-19

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Handle: RePEc:sls:ipmsls:v:19:y:2010:1

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Related research

Keywords: Productivity; Total-Factor Productivity; Cross-Country Comparison; Labour Productivity; EfficiencyLabour; Capital;

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References

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  1. Timmer, Marcel P. & Ypma, Gerard & Ark, Bart van der, 2003. "IT in the European Union: driving productivity divergence?," GGDC Research Memorandum 200363, Groningen Growth and Development Centre, University of Groningen.
  2. Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
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Cited by:
  1. Murat Ungor, 2012. "A Production Function Method of Estimating the Output Gap," CBT Research Notes in Economics 1219, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  2. Christine Carmody, 2013. "Slowing Productivity Growth - A developed economy," Economic Roundup, Treasury, Australian Government, issue 2, pages 57-78, December.

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