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Of Yeast and Mushrooms: Patterns of Industry-Level Productivity Growth

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  • Inklaar Robert

    (University of Groningen,Groningen, Netherlands)

Abstract

In this paper we analyse labour productivity growth in the United States, four European countries (France, Germany, the Netherlands and United Kingdom), Australia and Canada between 1987 and 2003 from an industry perspective. Rather than analysing broad industry groups, we compare the pattern of growth in all industries through Harberger diagrams. We introduce new summary measures, which indicate the pervasiveness of growth patterns. These indicators show that investment in both information and communication technology (ICT) and non-ICT capital is fairly balanced or ‘yeasty’, driven by overall macro-economic conditions. However, growth of total factor productivity (TFP) is much more localized or ‘mushroom-like’. In particular we find a clear distinction between countries in continental Europe, in which TFP is decelerating after 1995 and becoming more localized, and Anglo-Saxon countries in which TFP growth is accelerating and becoming more broad-based, especially after 2000. The increased breadth of Anglo-Saxon TFP growth is consistent with delayed effects of intangible investments that are complementary to ICT investments.

Suggested Citation

  • Inklaar Robert, 2007. "Of Yeast and Mushrooms: Patterns of Industry-Level Productivity Growth," German Economic Review, De Gruyter, vol. 8(2), pages 174-187, May.
    • Handle: RePEc:bpj:germec:v:8:y:2007:i:2:p:174-187
    DOI: 10.1111/j.1468-0475.2007.00403.x
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    Cited by:

    1. Svante Prado, 2014. "Yeast or mushrooms? Productivity patterns across Swedish manufacturing industries, 1869–1912," Economic History Review, Economic History Society, vol. 67(2), pages 382-408, May.
    2. Marcel P. Timmer & Ilya B. Voskoboynikov, 2014. "Is Mining Fuelling Long-Run Growth in Russia? Industry Productivity Growth Trends Since 1995," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S2), pages 398-422, November.
    3. Hiroshi Nishi, 2016. "Structural change and transformation of growth regime in the Japanese economy," Evolutionary and Institutional Economics Review, Springer, vol. 13(1), pages 183-215, June.
    4. repec:dgr:rugggd:gd-137 is not listed on IDEAS
    5. Gabriel Brondino & Miguel Ángel Casaú-Guirao, 2025. "Structural change and the Spanish productivity paradox," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 42(3), pages 677-702, October.
    6. Nishi, Hiroshi, 2022. "Industrial sources and unevenness of regional employment resilience in Japan," MPRA Paper 113530, University Library of Munich, Germany.

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