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Productivity trends from 1890 to 2012 in advanced countries

Author

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  • Bergeaud, A.
  • Cette, G.
  • Lecat, R.

Abstract

This Rue de la Banque provides an overview of productivity growth and levels for 13 advanced countries during the period 1890-2012. Two productivity waves are highlighted, a big one following the second industrial revolution and a small one following the ICT revolution. The productivity convergence process has been erratic, hampered by inappropriate institutions, technology shocks, financial crises and wars; the latter led to major productivity level adjustments, downwards for countries experiencing war on their soil, and partly upwards for other countries. Productivity trend breaks are also detected following major policy changes, such as structural reforms, for instance in the Netherlands during the 1980s and in Australia, Canada and Sweden during the 1990s. The downward trend break observed as early as the mid-2000s in the United States leads to question the future contribution of the ICT revolution to productivity enhancement.

Suggested Citation

  • Bergeaud, A. & Cette, G. & Lecat, R., 2015. "Productivity trends from 1890 to 2012 in advanced countries," Rue de la Banque, Banque de France, issue 07, June..
  • Handle: RePEc:bfr:rueban:2015:07
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    Cited by:

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    2. Carlo Ciccarelli & Matteo Gomellini & Paolo Sestito, 2019. "Demography and Productivity in the Italian Manufacturing Industry: Yesterday and Today," CEIS Research Paper 457, Tor Vergata University, CEIS, revised 16 May 2019.
    3. repec:nse:ecosta:ecostat_2017_494-495-496_2 is not listed on IDEAS
    4. Bergeaud, A. & Cette, G. & Lecat, R., 2015. "Productivity trends from 1890 to 2012 in advanced countries," Rue de la Banque, Banque de France, issue 07, June..
    5. Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2016. "Product and Labour Market Regulations, Production Prices, Wages and Productivity," Review of Economics and Institutions, Università di Perugia, vol. 7(2).
    6. repec:spr:cliomt:v:12:y:2018:i:1:d:10.1007_s11698-016-0149-2 is not listed on IDEAS
    7. Bart van Ark, 2014. "Priorities and Directions for Future Productivity Research: The Need for Historical Perspective," International Productivity Monitor, Centre for the Study of Living Standards, vol. 27, pages 17-19, Fall.
    8. Cette, Gilbert & Fernald, John & Mojon, Benoît, 2016. "The pre-Great Recession slowdown in productivity," European Economic Review, Elsevier, vol. 88(C), pages 3-20.
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    10. Cette, Gilbert & Corde, Simon & Lecat, Rémy, 2018. "Firm-level productivity dispersion and convergence," Economics Letters, Elsevier, vol. 166(C), pages 76-78.
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    14. Bergeaud, A. & Cette, G. & Lecat, R., 2015. "Gross domestic product per capita in France and in advanced economies : the role of productivity and employment," Rue de la Banque, Banque de France, issue 11, October..
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    16. Goodridge, PR & Haskel, J & Wallis, G, 2014. "The UK productivity puzzle is a TFP puzzle: current data and future predictions," Working Papers 18381, Imperial College, London, Imperial College Business School.
    17. Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2018. "The role of production factor quality and technology diffusion in twentieth-century productivity growth," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(1), pages 61-97, January.
    18. Cette, G. & Lopez, J. & Mairesse, J., 2016. "What is the macroeconomic impact of ambitious structural reforms on product and labour markets?," Rue de la Banque, Banque de France, issue 27, june..
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    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • 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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