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Labor productivity: a comparative analysis of the European Union and United States, for the period 1994-2007

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Author Info
Rafael Fernández
Enrique Palazuelos
Abstract

This Working Ppaer confirms that labor productivity in the European economies has continued to slow down in recent years. U.S. productivity growth has been higher than in the EU, but only since 2001. At the same time, both economies have modified previous employment performance: EU employment growth is now higher than in U.S. This article proposes that productivity growth be explained by demand dynamics, and investment in particular, not forgetting the influence of employment, along with other factors such as new technologies.

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File URL: http://www.peri.umass.edu/fileadmin/pdf/working_papers/working_papers_201-250/WP208.pdf
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Publisher Info
Paper provided by Political Economy Research Institute, University of Massachusetts at Amherst in its series Working Papers with number wp208.

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Date of creation: 2009
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Handle: RePEc:uma:periwp:wp208

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Related research
Keywords: Labor Productivity; Demand; Employment; Labor Markets; Economic Sectors;

Find related papers by JEL classification:
E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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This page was last updated on 2009-11-21.

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