Labour productivity growth and industry structure. The impact of industry structure on productivity growth, export prices and labour compensation
AbstractIn this paper labour productivity growth and its impacts are studied at the industry level. The development of productivity is analysed in 54 industries in 14 EU countries and in the US between 1979 and 2001. The conclusion of the study is that the industry structure that leads to fast productivity growth is connected to falling export prices. The relationship between labour productivity growth and labour compensation growth is relative weak and therefore the majority of the utility resulting from the productivity growth does not benefit the labour force.
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Bibliographic InfoPaper provided by Bank of Finland in its series Research Discussion Papers with number 4/2005.
Length: 92 pages
Date of creation: 13 Feb 2005
Date of revision:
industry structure; labour productivity; export prices; labour compensation;
Find related papers by JEL classification:
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-21 (All new papers)
- NEP-EFF-2006-10-21 (Efficiency & Productivity)
- NEP-INT-2006-10-21 (International Trade)
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