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Labour productivity growth and industry structure. The impact of industry structure on productivity growth, export prices and labour compensation

Author

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  • Sinkkonen, Johanna

Abstract

This paper makes an industry level study of labour productivity growth and its impacts.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 there is connection between an industry structure that leads to fast productivity growth and falling export prices.The relationship between labour productivity growth and labour compensation growth is relatively weak and therefore the majority of the efficiency resulting from the productivity growth does not benefit the labour force.

Suggested Citation

  • Sinkkonen, Johanna, 2005. "Labour productivity growth and industry structure. The impact of industry structure on productivity growth, export prices and labour compensation," Bank of Finland Research Discussion Papers 4/2005, Bank of Finland.
    • Handle: RePEc:zbw:bofrdp:rdp2005_004
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    More about this item

    Keywords

    industry structure; labour productivity; export prices; labour compensation;
    All these keywords.

    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, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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