Does the European Union need to revive productivity growth
AbstractThis paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries (France, Germany and the Netherlands). Industry-specific demand-side instruments are used to examine the prevalence of non-constant returns to scale and unmeasured input utilization. For the aggregate U.S. economy, unmeasured input utilization seems to explain procyclical productivity. However, this correction still leaves one in three U.S. industries with procyclical productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Groningen Growth and Development Centre, University of Groningen in its series GGDC Research Memorandum with number 200575.
Date of creation: 2005
Date of revision:
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Francisco Torres & Annette Bongardt, 2007.
"Institutions, Governance and Economic Growth in the EU: is there a role for the Lisbon Strategy,"
NIPE Working Papers, NIPE - Universidade do Minho
19/2007, NIPE - Universidade do Minho.
- Annette Bongardt* & Francisco Torres**, 2007. "Institutions, Governance and Economic Growth in the EU: Is There a Role for the Lisbon Strategy?," Intereconomics: Review of European Economic Policy, Springer, vol. 42(1), pages 32-42, January.
- Annette Bongardt & Francisco Torres, 2007. "Institutions, Governance and Economic Growth in the EU: is there a role for the Lisbon Strategy?," Working Papers de Economia (Economics Working Papers) 45, Departamento de Economia, GestÃ£o e Engenharia Industrial, Universidade de Aveiro.
- Jacob Funk Kirkegaard, 2007. "Offshoring, Outsourcing, and Production Relocationâ€”Labor-Market Effects in the OECD Countries and Developing Asia," Working Paper Series, Peterson Institute for International Economics WP07-2, Peterson Institute for International Economics.
- Catherine Mann, 2011. "Information Technology, Globalization, and Growth: Role for Scale Economies, Terms of Trade, and Variety," Working Papers, Brandeis University, Department of Economics and International Businesss School 27, Brandeis University, Department of Economics and International Businesss School.
- Elizabeth Brainerd & Nidhiya Menon, 2013. "Seasonal Effects of Water Quality: The Hidden Costs of the Green Revolution to Infant and Child Health in India," Working Papers, Brandeis University, Department of Economics and International Businesss School 64, Brandeis University, Department of Economics and International Businesss School.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joke Bulthuis).
If references are entirely missing, you can add them using this form.